| CNC latest price $86.0500 (1.5%) ($82.6200 - $86.1600) on Fri. Mar. 4, 2022. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.86% (three month average) |
RSI | 58 |
Latest Price | $86.0500(1.5%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CNC advances 0.6% a day on average for past five trading days. |
Weekly Trend | CNC advances 0.7% 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(48%) XLV(44%) DIA(43%) IWD(43%) SDY(41%) |
Factors Impacting CNC price | CNC will decline at least -0.93% in a week (0% probabilities). VIXM(-27%) UUP(-16%) VXX(-6%) TBT(-4%) SHY(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.93% (StdDev 1.86%) |
Hourly BBV | 1.9 () |
Intraday Trend | 3.7% |
| |
|
|