CNCR's Stochastic Oscillator is remaining in oversold zone for 9 days
The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an uptrend is expected.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CNCR's RSI Indicator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNCR advanced for three days, in of 274 cases, the price rose further within the following month. The odds of a continued upward trend are .
CNCR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CNCR as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CNCR turned negative on December 12, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 57 similar instances when the indicator turned negative. In of the 57 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNCR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CNCR entered a downward trend on December 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category Health
CNCR and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, CNCR has been closely correlated with XBI. These tickers have moved in lockstep 87% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNCR jumps, then XBI could also see price increases.
| Ticker / NAME | Correlation To CNCR | 1D Price Change % | ||
|---|---|---|---|---|
| CNCR | 100% | +0.24% | ||
| XBI - CNCR | 87% Closely correlated | +0.10% | ||
| IBB - CNCR | 81% Closely correlated | +0.25% | ||
| VHT - CNCR | 61% Loosely correlated | +0.33% | ||
| XLV - CNCR | 51% Loosely correlated | +0.41% | ||
| IHI - CNCR | 44% Loosely correlated | +0.73% |