| EDIT latest price $82.1200 (1.35%) ($82.1200 - $82.1200) on Wed. Dec. 23, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.18% (three month average) |
RSI | 89 |
Latest Price | $82.1200(1.35%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 5% a day on average for past five trading days. |
Weekly Trend | EDIT advances 32.1% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(64%) IWO(59%) IWC(57%) IBUY(56%) ARKG(55%) |
Factors Impacting EDIT price | EDIT will decline at least -3.59% in a week (0% probabilities). VIXM(-30%) UUP(-15%) VXX(-12%) TBT(-7%) UNG(0%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.59% (StdDev 7.18%) |
Hourly BBV | -0.3 () |
Intraday Trend | 0% |
| |
|
|