(Beam Therapeutics Inc. )
| BEAM latest price $37.8900 (6.7%) ($34.6000 - $38.3700) on Fri. Oct. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 5.86% (three month average) |
RSI | 81 |
Latest Price | $37.8900(6.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 3.3% a day on average for past five trading days. |
Weekly Trend | BEAM advances 9.6% a week on average for past two weeks. |
Market Behavior | Normal 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(59%) XBI(58%) IBB(55%) IWO(55%) |
Factors Impacting BEAM price | BEAM will decline at least -2.93% in a week (0% probabilities). VIXM(-27%) UUP(-14%) VXX(-8%) EDOC(-8%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.93% (StdDev 5.86%) |
Hourly BBV | 0 () |
Intraday Trend | 4.7% |
| |
|
|