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CBOE Implied Correlation Index

^COR3M•INDEX
$17.72
$-1.39(-7.27%)
U.S. Market is Open • 12:15

CBOE Implied Correlation Index (^COR3M) Index: Technical Analysis & Trading Signals Today

Comprehensive technical indicators and trading signals for informed investment decisions

^COR3M Technical Analysis Summary

CBOE Implied Correlation Index index currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Bearish to Weak (RSI: 38.51)
Trend Strength:Strong (ADX: 36.58)
Volatility:High (ATR: 4.89)
Support/Resistance:$18.10 – $34.29 (Bollinger Bands)

This mix signals that CBOE Implied Correlation Index is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 38.51

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 40.03

Neutral
Mid-range signal with no clear trend.

Williams %R: -73.82

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): -32.69

Strongly Bearish
Sharp downside momentum.

Takeaway:CBOE Implied Correlation Index shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.46

Bullish
Bullish, trend momentum is strengthening.

ADX: 36.58

Strong
Strong trend, momentum well established.

ATR (14): 4.89

Medium
Medium volatility, healthy price movement.

CCI (14): -179.32

Bearish
Bearish, oversold conditions may spark rebound.

Takeaway:CBOE Implied Correlation Index shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$34.29
Middle Band (SMA 20)
$26.20
Lower Band
$18.10
Current Position
Below Lower Band

Takeaway:CBOE Implied Correlation Index trades near the lower band, signaling oversold conditions and potential rebound.

Keltner Channels
Upper Channel
$33.98
Middle Line (EMA 20)
$24.20
Lower Channel
$14.42
Squeeze Status
Squeeze On

Takeaway:CBOE Implied Correlation Index trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume0.00
Money Flow Index50.00Neutral, balanced money flows with no clear signal.
Relative Vigor Index27.81Bearish, price momentum favors sellers.

Overall Takeaway:^COR3M shows mixed signals in money flow analysis.

Technical Trading Signals Summary
Based on the current technical analysis of CBOE Implied Correlation Index, here are the key trading signals and recommendations:

Bullish Signals

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Technical indicators for CBOE Implied Correlation Index are mixed, suggesting a Hold or wait-and-see approach.

Technical Analysis FAQ