| EDIT latest price $10.5900 (-1.4%) ($10.5900 - $10.5900) on Wed. Nov. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.06% (three month average) |
RSI | 70 |
Latest Price | $10.5900(-1.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 0.8% a day on average for past five trading days. |
Weekly Trend | EDIT advances 14.4% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) XBI(75%) ARKK(68%) ICLN(64%) SPY(88%) ARKG(73%) |
Factors Impacting EDIT price | EDIT will decline at least -2.53% in a week (0% probabilities). TBT(-23%) EDOC(-20%) BNDX(-16%) VXX(-6%) VIXM(-5%) |
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 | -2.53% (StdDev 5.06%) |
Hourly BBV | 0.2 () |
Intraday Trend | 0% |
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