(Beam Therapeutics Inc. )
| BEAM latest price $28.7800 (3.27%) ($28.1300 - $29.6300) on Wed. Sep. 16, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.95% (three month average) |
RSI | 62 |
Latest Price | $28.7800(3.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 2.8% a day on average for past five trading days. |
Weekly Trend | BEAM advances 4.4% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BEAM advance at 0% a week (0% probability) ARKG(60%) ARKK(58%) XBI(58%) IBB(54%) IWO(54%) |
Factors Impacting BEAM price | BEAM will decline at least -2.475% in a week (0% probabilities). VIXM(-27%) UUP(-14%) VXX(-9%) EDOC(-6%) DRIV(-4%) |
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 | -2.475% (StdDev 4.95%) |
Hourly BBV | 0 () |
Intraday Trend | 2.3% |
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