| EDIT latest price $80.4150 (4.98%) ($80.4150 - $80.4150) on Wed. Jan. 6, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.36% (three month average) |
RSI | 67 |
Latest Price | $80.4150(4.98%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 1.5% a day on average for past five trading days. |
Weekly Trend | EDIT advances 3.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(65%) IWO(61%) IWC(59%) IBUY(57%) ARKG(56%) |
Factors Impacting EDIT price | EDIT will decline at least -3.68% in a week (0% probabilities). VIXM(-32%) UUP(-15%) VXX(-13%) TBT(-7%) UNG(0%) |
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 | -3.68% (StdDev 7.36%) |
Hourly BBV | 1 () |
Intraday Trend | 0% |
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