| CMG latest price $1857.9900 (1.13%) ($1839.2200 - $1864.1200) on Wed. Oct. 4, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.68% (three month average) |
RSI | 37 |
Latest Price | $1857.9900(1.13%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CMG advances 0.6% a day on average for past five trading days. |
Weekly Trend | CMG declines -2% 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 CMG advance at 0% a week (0% probability) VUG(46%) XLK(46%) IWF(45%) XLY(40%) QQQ(39%) |
Factors Impacting CMG price | CMG will decline at least -0.84% in a week (0% probabilities). VIXM(-30%) VXX(-28%) UNG(-18%) XLE(-17%) XOP(-15%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.84% (StdDev 1.68%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0.8% |
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