| EDIT latest price $34.9200 (-1.22%) ($34.2900 - $35.6500) on Fri. Aug. 14, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.55% (three month average) |
RSI | 60 |
Latest Price | $34.9200(-1.22%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 0.1% a day on average for past five trading days. |
Weekly Trend | EDIT advances 7% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(61%) IWO(58%) ARKG(56%) IBUY(54%) IWC(54%) |
Factors Impacting EDIT price | EDIT will decline at least -2.275% in a week (0% probabilities). VIXM(-28%) UUP(-15%) VXX(-12%) TBT(-7%) 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 | -2.275% (StdDev 4.55%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0% |
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