| EDIT latest price $39.3500 (13.53%) ($39.3500 - $39.3500) on Mon. Dec. 7, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.29% (three month average) |
RSI | 80 |
Latest Price | $39.3500(13.53%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 5.4% a day on average for past five trading days. |
Weekly Trend | EDIT advances 10.3% a week on average for past two weeks. |
Market Behavior | Value stocks sell-off for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(62%) IWO(58%) ARKG(55%) IWC(55%) IBUY(54%) |
Factors Impacting EDIT price | EDIT will decline at least -2.145% in a week (0% probabilities). VIXM(-28%) UUP(-15%) VXX(-12%) TBT(-7%) IGOV(-4%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.145% (StdDev 4.29%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
| |
|
|