| CNC latest price $81.7700 (-2.77%) ($81.0500 - $83.9700) on Wed. May. 18, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.03% (three month average) |
RSI | 51 |
Latest Price | $81.7700(-2.77%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CNC advances 0.3% a day on average for past five trading days. |
Weekly Trend | CNC advances 1.2% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support CNC advance at 0% a week (0% probability) SPLV(45%) DIA(40%) IWD(39%) IBB(37%) SDY(37%) |
Factors Impacting CNC price | CNC will decline at least -1.015% in a week (0% probabilities). VIXM(-26%) UUP(-14%) TBT(-7%) VXX(-5%) SHY(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.015% (StdDev 2.03%) |
Hourly BBV | -1.8 () |
Intraday Trend | -2.3% |
| |
|
|