CNCR in upward trend: 10-day moving average broke above 50-day moving average on November 27, 2023
The 10-day moving average for CNCR crossed bullishly above the 50-day moving average on November 27, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 22, 2023. You may want to consider a long position or call options on CNCR as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for CNCR just turned positive on November 01, 2023. Looking at past instances where CNCR's MACD turned positive, the stock continued to rise in of 56 cases over the following month. The odds of a continued upward trend are .
CNCR moved above its 50-day moving average on November 22, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CNCR advanced for three days, in of 286 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 202 cases where CNCR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for CNCR moved out of overbought territory on December 05, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 18 similar instances where the indicator moved out of overbought territory. In of the 18 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
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 .
CNCR broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Health
CNCR and
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 88% 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% | -0.79% | ||
| XBI - CNCR | 88% Closely correlated | -0.51% | ||
| IBB - CNCR | 81% Closely correlated | -0.40% | ||
| VHT - CNCR | 57% Loosely correlated | -0.20% | ||
| IHI - CNCR | 49% Loosely correlated | -0.89% | ||
| XLV - CNCR | 47% Loosely correlated | -0.12% |