Trading Signals: CEMI Stock Price Prediction and Forecast

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Wed. May. 6, 2020

Trading Signals: CEMI Stock Price Prediction and Forecast (Wed. Nov. 26, 2003 - Wed. Jul. 21, 2021)

(Chembio Diagnostics Inc)
CEMI latest price $12.6100 (-11.2%) ($12.0200 - $14.3300) on Wed. May. 6, 2020.

Trend Analysis and Forecast

Average Daily Percentage Swing   10.84% (three month average)
RSI   54
Latest Price   $12.6100(-11.2%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   CEMI advances 0.8% a day on average for past five trading days.
Weekly Trend   CEMI declines -2.4% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support CEMI advance at 0% a week (0% probability)
BND(56%)    PCY(41%)    IBB(39%)    LQD(36%)    XLV(36%)
Factors Impacting CEMI price   CEMI will decline at least -5.42% in a week (0% probabilities).
TBT(-25%)    VXX(-22%)    XME(-18%)    UUP(-13%)    VIXM(-10%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -5.42% (StdDev 10.84%)
Hourly BBV 0 ()
Intraday Trend -11.2%

5 Day Moving Average   $12.89(-2.17%)
10 Day Moving Average   $13.12(-3.89%)
20 Day Moving Average   $12.29(2.6%)
To recent high   -18.9%
To recent low   146.3%
Market Cap   $254m

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.

$. CEMI price fluctuates within 17.58% (three month std-dev: 10.84%) daily (68% of days).

Sample size 0 Average positive next day return: 0%(0%) Average negative next day return: 0%(0%) Sample size 0 Average positive next three day return: 0%(0%) Average negative next three day return: %(0%) Sample size 0 Average positive next weekly return: 0%(0%) Average negative next weekly return: 0%(0%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20200606

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	May_6_2020	9.7	12.29	13.12	12.89	13.11	13.67	12.61(-11.2%)	N/A	N/A	0	-0.1	0	350	4	-12	1.44	75%	0.94	75.1	10.84%	0	0.1	54	0.8
2	May_5_2020	9.61	12.04	13.28	12.79	12.86	13.16	14.2(15.92%)	UT	OpenLong	75	0.6	11	180	13	5	2.14	79%	1.59	70.6	10.71%	0	0.9	69	1.1
3	May_4_2020	9.46	11.66	13.27	12.23	12.2	12.54	12.25(-3.54%)	N/A	N/A	0	0	-0	190	-2	5	1.3	77%	0.96	59.5	10.58%	0	0.2	68	0.5
4	May_1_2020	9.37	11.41	13.46	12.36	12.19	12.56	12.7(0%)	UT	HoldLong	50	0.1	1	170	-6	22	0.55	77%	1.3	60.8	10.48%	0	0.5	64	0.4
5	Apr_30_2020	9.25	11.13	13.43	12.92	12.5	11.87	12.7(5.05%)	UD	OpenLong	65	-0.1	7	-450	-9	55	1.36	77%	1.31	69.9	10.47%	0	0.5	72	1.3

6	Apr_29_2020	9.13	10.86	13.44	13.41	13.24	11.83	12.09(5.87%)	UD	OpenLong	65	-0.4	13	-780	-15	95	1.37	77%	1.22	80.3	10.47%	0	0.4	73	1.7
7	Apr_28_2020	9.02	10.53	13.29	13.85	14.09	13.14	11.42(-11.27%)	UD	OpenLong	65	-0.7	21	-420	-16	132	2.33	77%	1.12	85.2	10.46%	0	0.3	74	1.2
8	Apr_27_2020	8.92	10.25	13.15	14.43	14.63	14.64	12.87(-17.18%)	UD	OpenLong	65	-0.5	44	50	-5	190	2.28	83%	1.71	94.5	10.33%	0	0.8	81	1.4
9	Apr_24_2020	8.77	9.9	12.91	14.67	14.61	15.04	15.54(2.85%)	UT	HoldLong	65	0.2	73	190	13	251	1.06	93%	3.42	103	10.07%	0	1.6	83	0.9
10	Apr_23_2020	8.48	9.37	12.18	13.99	14.33	14.63	15.11(5.59%)	UT	HoldLong	65	0.3	72	220	12	253	1.75	93%	3.41	106	10.08%	0	1.7	83	0.4

11	Apr_22_2020	8.2	8.84	11.42	13.5	13.63	14.18	14.31(-0.21%)	UD	OpenLong	75	0.3	77	310	16	261	1.14	93%	3.54	112.7	10.07%	0	1.7	79	0.3
12	Apr_21_2020	7.92	8.32	10.7	12.65	13.13	14.03	14.34(2.14%)	UT	HoldLong	65	0.5	84	590	24	262	1.98	93%	4.07	109.7	10.09%	0	2	85	-0.2
13	Apr_20_2020	7.61	7.79	9.88	11.67	12.1	13.09	14.04(15.75%)	UT	HoldLong	65	0.8	76	680	21	240	2.86	93%	4.39	109.5	10.09%	0	2.2	81	0.6
14	Apr_17_2020	7.29	7.25	9.14	10.91	11	12.23	12.13(-4.19%)	UD	OpenLong	75	0.5	77	810	23	237	1.28	92%	3.55	113.8	10.03%	0	1.9	78	1.2
15	Apr_16_2020	7.04	6.78	8.59	10.1	10.4	11.11	12.66(25.47%)	UT	HoldLong	65	1	82	570	33	228	3.73	92%	4.76	106.6	10.02%	0	2.4	81	1.1

16	Apr_15_2020	6.72	6.28	8	9.05	9.27	9.78	10.09(7.11%)	UT	HoldLong	65	0.5	65	460	18	206	1.66	91%	2.91	100.6	9.6%	0	1.8	79	1.1
17	Apr_14_2020	6.53	5.91	7.51	8.44	8.64	9.68	9.42(-7.92%)	UD	OpenLong	75	0.5	68	910	24	198	1.16	91%	2.83	92.4	9.58%	0	1.7	82	1.5
18	Apr_13_2020	6.35	5.56	7.11	7.8	7.85	8.76	10.23(26.61%)	UT	HoldLong	65	1.2	69	830	29	187	2.1	91%	4.27	78.3	9.51%	0	2.3	84	1.2
19	Apr_9_2020	6.09	5.17	6.62	7.12	7.07	7.6	8.08(8.6%)	UT	HoldLong	65	0.5	55	500	13	181	0.85	87%	2.53	70	9%	0	1.6	83	0.9
20	Apr_8_2020	5.94	4.9	6.33	6.86	6.79	6.95	7.44(5.98%)	UT	HoldLong	65	0.3	54	130	4	204	0.86	87%	1.89	65.2	8.96%	0	1.5	85	0.9

21	Apr_7_2020	5.83	4.68	6.07	6.81	6.68	6.54	7.02(13.04%)	UT	HoldLong	65	0.1	73	-200	12	254	1.01	88%	1.75	66.5	8.96%	0	1.5	84	0.8
22	Apr_6_2020	5.73	4.48	5.77	6.43	6.78	6.62	6.21(-9.21%)	UD	OpenLong	75	-0.1	67	-0	5	254	0.82	85%	0.7	57.5	8.83%	0	1.1	83	0.8
23	Apr_3_2020	5.69	4.33	5.56	6.28	6.48	6.82	6.84(0.44%)	UT	HoldLong	65	0.4	82	460	10	296	0.65	100%	2.15	51.2	8.78%	0	1.7	90	0.1
24	Apr_2_2020	5.57	4.17	5.24	6.03	6.14	6.94	6.81(-4.89%)	UD	OpenLong	75	0.6	93	970	19	313	1.6	100%	2.58	46.9	8.93%	0	2	81	-0.1
25	Apr_1_2020	5.43	4.01	4.86	5.7	5.78	6.14	7.16(39.84%)	UT	HoldLong	65	1.2	97	480	25	312	13.1	100%		43.1	8.9%	0	2.7	82	-0.4
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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