(Beam Therapeutics Inc. )
| BEAM latest price $22.2800 (-5.67%) ($22.0200 - $24.4800) on Wed. Aug. 12, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.17% (three month average) |
RSI | 52 |
Latest Price | $22.2800(-5.67%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 0.9% a day on average for past five trading days. |
Weekly Trend | BEAM advances 6.5% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support BEAM advance at 0% a week (0% probability) ARKG(59%) ARKK(58%) XBI(56%) IWO(54%) IBB(53%) |
Factors Impacting BEAM price | BEAM will decline at least -2.585% in a week (0% probabilities). VIXM(-27%) UUP(-14%) VXX(-9%) XLC(-6%) EDOC(-5%) |
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 | -2.585% (StdDev 5.17%) |
Hourly BBV | 0 () |
Intraday Trend | -7.3% |
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