| EDIT latest price $47.9200 (3.7%) ($45.7600 - $47.9200) on Mon. Mar. 15, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 6.61% (three month average) |
RSI | 48 |
Latest Price | $47.9200(3.7%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 3.2% a day on average for past five trading days. |
Weekly Trend | EDIT advances 0.6% a week on average for past two weeks. |
Market Behavior | Broad based rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(66%) IWO(61%) IWC(59%) IBUY(58%) IPO(56%) |
Factors Impacting EDIT price | EDIT will decline at least -3.305% in a week (0% probabilities). VIXM(-31%) UUP(-16%) VXX(-13%) TBT(-7%) IGOV(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -3.305% (StdDev 6.61%) |
Hourly BBV | 0.8 () |
Intraday Trend | 0% |
| |
|
|