Trading Signals: CEMI Stock Price Prediction and Forecast (Wed. Nov. 26, 2003 - Wed. Jul. 21, 2021)(Chembio Diagnostics Inc)
| CEMI latest price $6.7200 (-4%) ($6.5800 - $6.8000) on Thu. Jun. 6, 2019. | |
| | Trend Analysis and Forecast | | | Average Daily Percentage Swing | 3% (three month average) | RSI | 28 | Latest Price | $6.7200(-4%) | Stocks Behave Similarly | Similar Stock List | Daily Trend | CEMI advances 0.9% a day on average for past five trading days. | Weekly Trend | CEMI declines -5.6% a week on average for past two weeks. | Market Behavior | Broad based rally for large cap. Normal for small cap. | Correlated ETFs | Broad market will support CEMI advance at 0% a week (0% probability) ARKG(11%) VIXM(8%) XBI(8%) IGOV(7%) SHY(7%) | Factors Impacting CEMI price | CEMI will decline at least -1.5% in a week (0% probabilities). UNG(-11%) IFRA(-7%) XLP(-5%) VXX(-5%) XOP(-4%) | Explanation | The rally is not sustainable and not supported by the broad market. | | | | | Relative Volatility | | | | Market Trend Strength | -1.5% (StdDev 3%) | Hourly BBV | 0 () | Intraday Trend | -1.2% | | | |
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Resistance Level | $7.18 | 5 Day Moving Average | $6.77(-0.74%) | 10 Day Moving Average | $6.76(-0.59%) | 20 Day Moving Average | $7.18(-6.41%) | To recent high | -14.4% | To recent low | 26.3% | Market Cap | $135m | | | | Chembio Diagnostics, Inc. develops, manufactures, markets and licenses rapid point-of-care diagnostic tests that detect infectious diseases. The firm expanding its product portfolio based upon the proprietary Dual Path Platform, which uses a small drop of blood from the fingertip to provide cost-effective diagnostic results in approximately 15 minutes. Its products include human and veterinary diagnostics. The company was founded in 1985 and is headquartered in Hauppauge, NY. |