| EDIT latest price $84.5500 (1.28%) ($84.5500 - $84.5500) on Mon. Dec. 28, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 7.13% (three month average) |
RSI | 88 |
Latest Price | $84.5500(1.28%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 5.1% a day on average for past five trading days. |
Weekly Trend | EDIT advances 26.3% a week on average for past two weeks. |
Market Behavior | Broad based rally 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(64%) IWO(60%) IWC(57%) IBUY(56%) ARKG(55%) |
Factors Impacting EDIT price | EDIT will decline at least -3.565% 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 | -3.565% (StdDev 7.13%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
| |
|
|