| EDIT latest price $18.0300 (-5.8%) ($18.0300 - $18.0300) on Tue. Aug. 9, 2022. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 6.09% (three month average) |
RSI | 54 |
Latest Price | $18.0300(-5.8%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 1.7% a day on average for past five trading days. |
Weekly Trend | EDIT advances 7.4% a week on average for past two weeks. |
Market Behavior | Growth stock sell-off 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(61%) IWC(58%) IWO(55%) IWM(54%) IBUY(52%) |
Factors Impacting EDIT price | EDIT will decline at least -3.045% in a week (0% probabilities). VIXM(-20%) UUP(-15%) TBT(-10%) VXX(-9%) EDOC(-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 | -3.045% (StdDev 6.09%) |
Hourly BBV | -0.7 () |
Intraday Trend | 0% |
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