| EDIT latest price $10.2750 (7.59%) ($10.2750 - $10.2750) on Tue. Jun. 6, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.81% (three month average) |
RSI | 62 |
Latest Price | $10.2750(7.59%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 2.8% a day on average for past five trading days. |
Weekly Trend | EDIT advances 0.9% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) XBI(63%) IBB(49%) IWC(48%) IWO(45%) IWM(44%) |
Factors Impacting EDIT price | EDIT will decline at least -2.405% in a week (0% probabilities). IGOV(-16%) TBT(-12%) UNG(-8%) UUP(-7%) VIXM(-6%) |
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 | -2.405% (StdDev 4.81%) |
Hourly BBV | 1.6 () |
Intraday Trend | 0% |
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