| EDIT latest price $90.9000 (1.5%) ($90.9000 - $90.9000) on Fri. Jan. 8, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 7.41% (three month average) |
RSI | 75 |
Latest Price | $90.9000(1.5%) |
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 4.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(66%) IWO(61%) IWC(58%) IBUY(57%) IWM(56%) |
Factors Impacting EDIT price | EDIT will decline at least -3.705% in a week (0% probabilities). VIXM(-31%) UUP(-15%) VXX(-13%) TBT(-7%) UNG(1%) |
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 | -3.705% (StdDev 7.41%) |
Hourly BBV | 0.5 () |
Intraday Trend | 0% |
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