| EDIT latest price $60.0500 (-4.12%) ($60.0500 - $60.0500) on Mon. Aug. 16, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.27% (three month average) |
RSI | 87 |
Latest Price | $60.0500(-4.12%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 0.7% a day on average for past five trading days. |
Weekly Trend | EDIT advances 22.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(68%) IWO(63%) IWC(62%) IBUY(61%) IWM(59%) |
Factors Impacting EDIT price | EDIT will decline at least -2.635% in a week (0% probabilities). VIXM(-33%) UUP(-16%) VXX(-12%) 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 | -2.635% (StdDev 5.27%) |
Hourly BBV | -1.1 () |
Intraday Trend | 0% |
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