| CNC latest price $85.0600 (-1.01%) ($84.9700 - $86.6200) on Wed. Nov. 2, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 2.35% (three month average) |
RSI | 75 |
Latest Price | $85.0600(-1.01%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | CNC advances 0.1% a day on average for past five trading days. |
Weekly Trend | CNC advances 6.7% 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(36%) DIA(31%) IBB(27%) IWD(27%) SDY(25%) |
Factors Impacting CNC price | CNC will decline at least -1.175% in a week (0% probabilities). VIXM(-13%) SHY(-10%) SMH(-7%) MCHI(-7%) KWEB(-7%) |
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 | -1.175% (StdDev 2.35%) |
Hourly BBV | -0.3 () |
Intraday Trend | -0.9% |
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