Trading Signals: EDOC Stock Price Prediction and Forecast

^ EDOC: Intraday Forecast Similar Waves Research Timing Gains Losses Strategies Practice

Tue. Oct. 27, 2020

Trading Signals: EDOC Stock Price Prediction and Forecast (Thu. Jul. 30, 2020 - Thu. Apr. 15, 2021)

(Global X Telemedicine & Digital Health ETF)
EDOC latest price $17.4100 (1.46%) ($17.2100 - $17.5000) on Tue. Oct. 27, 2020.

Trend Analysis and Forecast

Trend Pattern   Downtrend Consolidation
Trend Narrative   Correction
Average Daily Price Swing   $0.35 (2.02% one month average)
Average Daily Percentage Swing   1.35% (three month average)
Weekly Trend Force   -0.1% (StdDev 1.35%)
Daily Moving Force   0.1%
Rebound Strength   None(0%)
Hourly Trend Strength   0.23%
Trend   -0.04%
Trend Strength   0.6%
Trend Clarity   -0.05(-0.1/0.35/17.33)
RSI   55
Momentum   1.5
Latest Price   $17.4100(1.46%)
Forecasted Low Price   17.35(-0.35%)
Forecasted High Price   17.46(0.3%)
Direction of Next Movement   Range(-0.1%)
% Change Needed to Confirm Rebound   0.7% ((17.54))
% Change Needed for Trend Reversal   0.9%
Hourly Trend 0.1% [$17.28(0.01), $17.3(0.03)]
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Complacency   1
Intraday Reversal Probability   There's a high probability the price will reverse sharply to upside intraday or next day..
Daily Trend   EDOC declines -0.1% a day on average for past five trading days.
Weekly Trend   EDOC declines -0.8% a week on average for past two weeks.
Market Behavior   Value stocks sell-off for large cap. Value stock sell-off for small cap.
Correlated ETFs   Broad market will support EDOC decline at-0.2% a week (62% probability)
SKYY(27%)    VFMO(26%)    IPO(24%)    SNSR(24%)    EWG(23%)
Factors Impacting EDOC price   EDOC will advance at least 0.1% in a week (9% probabilities).
UUP(-12%)    PEJ(-10%)    VXX(-6%)    VIXM(-6%)    UNG(-3%)
Explanation The decline is not sustainable and not supported by the broad market.
Trading Plan   Not Available

Valuation to SPY 2.1

Relative Volatility -1 (options are cheap)

Market Trend Strength   -0.2% (StdDev 1.35%)
Hourly BBV -2.9 ()
Intraday Trend 0%

Next Day Open Price   $17.49(0.46%)
Inflection Point   Yes
5 Day Moving Average   $17.29(0.69%)
10 Day Moving Average   $17.44(-0.17%)
20 Day Moving Average   $17.33(0.46%)
To recent high   -2.3%
To recent low   12.8%
Market Cap   $N/A

Option Sentiment

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. EDOC price fluctuates within 2.02% (three month std-dev: 1.35% one year average std_dev: 0%) daily (68% of days).
$. EDOC price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20201127

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Hourly Trend Strength	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Oct_27_2020	17.33 (0.2%)	17.44 (-0.2%)	17.29 (-0.1%)	17.3	17.28(0%)	17.41(1.46%)	17.21-17.5	0.1(0.2)	-2.9	0.1%	-0.1%	0%	0.23%	-0.04%	0.6%	55	1.5	Downtrend Consolidation	Range(0%)	1	2.1	-0.6	Correction	17.37(-0.22%)	17.34-17.41	0.11	-2.3%-12.8%
2	Oct_26_2020	17.3 (0.2%)	17.48 (-0%)	17.3 (-0.4%)	17.27	17.27(0%)	17.16(-1.35%)	17-17.38	0.1(-0.4)	-2.4	-0.4%	-0.2%	0%	0%	0.04%	1%	59	1.7	Downtrend Reversal	Range(0.1%)	2	0.3	-0.2	Correction	17.04(-0.7%)	17.01-17.18	0.15	-3.7%-11.2%
3	Oct_23_2020	17.27 (0.4%)	17.54 (0%)	17.36 (-0.3%)	17.34	17.33(0%)	17.4(0.4%)	17.26-17.41	0.3(0.3)	-2.7	0.1%	0%	0%	0.12%	0.14%	1.5%	66	1.8	Growing Uptrend	Range(0.1%)	3	-0.1	0.8	Uptrend Consolidation	17.37(-0.2%)	17.34-17.46	0.09	-2.4%-12.8%
4	Oct_22_2020	17.23 (0.4%)	17.54 (0.2%)	17.41 (-0.4%)	17.39	17.26(0%)	17.33(0.96%)	17.13-17.39	0.4(0.2)	-1.8	-0.5%	0.1%	0%	0.35%	0.22%	1.9%	70	2.1	Downtrend Reversal	Range(-0.4%)	4	0	0.6	Uptrend	17.43(0.57%)	17.3-17.48	0.18	-2.8%-12.3%
5	Oct_21_2020	17.17 (0.4%)	17.56 (0.2%)	17.48 (-0.7%)	17.49	17.36(0%)	17.16(-1.61%)	17.11-17.5	0.6(-0)	-2.4	-0.8%	0%	0%	0.17%	0.3%	2.3%	61	2.3	Downtrend Reversal	Range(0%)	5	-0.3	0.1	Uptrend Consolidation	17.18(0.09%)	17.13-17.31	0.15	-3.7%-11.2%

6	Oct_20_2020	17.12 (0.4%)	17.58 (0.4%)	17.61 (-0.5%)	17.59	17.51(0%)	17.44(-0.14%)	17.42-17.65	1(0.6)	-6.4	-0.6%	0.3%	0%	-0.17%	0.42%	2.7%	70	2.4	Confirmed Correction	Range(-0.2%)	6	0.9	0.2	Uptrend	17.65(1.18%)	17.38-17.76	0.22	-2.2%-13%
7	Oct_19_2020	17.06 (0.4%)	17.54 (0.6%)	17.69 (-0.3%)	17.69	17.62(0%)	17.47(-1.08%)	17.42-17.8	1.2(0.7)	-6.9	-0.3%	0.3%	0%	-0.34%	0.48%	2.8%	73	2.6	Correction	Range(0.5%)	7	1.4	1.2	Uptrend	17.73(1.47%)	17.39-17.87	0.18	-2%-13.2%
8	Oct_16_2020	17 (0.4%)	17.5 (0.6%)	17.74 (0.1%)	17.75	17.67(0%)	17.66(-0.17%)	17.6-17.9	1.5(1.1)	1.8	-0.2%	0.5%	0%	-0.06%	0.56%	2.9%	82	2.6	Correction	Range(0.4%)	7	1.1	0.9	Uptrend	17.97(1.76%)	17.54-18.16	0.07	-0.9%-14.5%
9	Oct_15_2020	16.93 (0.4%)	17.4 (0.6%)	17.72 (0.3%)	17.76	17.75(0%)	17.69(-0.79%)	17.45-17.7	1.7(1.3)	1.3	-0.2%	0.5%	0%	0%	0.6%	2.8%	84	2.5	Uptrend	Higher(0.7%)	8	1.2	0.7	Uptrend	18.02(1.84%)	17.55-18.21	0.14	-0.8%-14.6%
10	Oct_14_2020	16.86 (0.4%)	17.32 (0.8%)	17.66 (0.7%)	17.74	17.84(0%)	17.83(0.14%)	17.77-18.07	1.9(1.7)	1.7	0.5%	0.6%	0%	0%	0.64%	2.7%	91	2.4	Growing Uptrend	Higher(1.1%)	9	1.6	0.9	The Top	18.06(1.28%)	17.29-18.69	0.22	0%-15.6%

11	Oct_13_2020	16.79 (0.4%)	17.22 (0.8%)	17.54 (1%)	17.61	17.78(0%)	17.8(0.34%)	17.68-17.93	2(1.9)	2.1	0.8%	0.6%	-0.6%	-0.17%	0.66%	2.6%	88	2.2	Growing Uptrend	Range(-0.7%)	9	1.3	0.9	Uptrend	18.14(1.9%)	17.62-18.36	0.94	0%-15.4%
12	Oct_12_2020	16.71 (0.4%)	17.11 (0.6%)	17.37 (0.9%)	17.45	17.65(0%)	17.74(0.97%)	17.66-17.88	1.9(2.1)	0	1.1%	0.7%	0%	-0.06%	0.62%	2.4%	76	2.1	Growing Uptrend	Higher(1.8%)	9	0.8	1.3	Uptrend	18.01(1.52%)	17.54-18.21	0.24	0%-15%
13	Oct_9_2020	16.63 (0.4%)	16.98 (0.6%)	17.22 (1.1%)	17.27	17.44(0%)	17.57(1.33%)	17.49-17.6	1.8(2)	0	1%	0.7%	0%	0%	0.58%	2.1%	77	1.9	Growing Uptrend	Higher(1.7%)	9	1.2	1.1	Growing Uptrend	17.87(1.69%)	17.4-17.98	0.08	0%-13.9%
14	Oct_8_2020	16.54 (0.4%)	16.86 (0.6%)	17.04 (0.6%)	17.1	17.26(0%)	17.34(0.41%)	17.28-17.4	1.7(1.9)	0	0.9%	0.7%	0%	0%	0.48%	2%	66	1.8	Growing Uptrend	Higher(1.6%)	8	1.1	1.1	Growing Uptrend	17.56(1.27%)	17.21-17.65	0.15	0%-12.4%
15	Oct_7_2020	16.46 (0.2%)	16.73 (0.4%)	16.94 (0.5%)	16.93	17.11(0%)	17.27(1.89%)	17.04-17.37	1.6(2.1)	0	0.7%	0.6%	0%	0%	0.4%	1.6%	67	1.6	Growing Uptrend	Higher(1.3%)	7	1.3	0.7	Overbought	17.02(-1.47%)	16.7-17.5	0.18	0%-11.9%

16	Oct_6_2020	16.4 (0.2%)	16.61 (0.4%)	16.85 (0.3%)	16.86	16.94(0%)	16.95(0%)	16.95-17.3	1.5(1.4)	0	0.7%	0.4%	0%	0%	0.32%	1.3%	60	1.6	Growing Uptrend	Higher(1.1%)	6	1.2	0.3	Uptrend	17.05(0.59%)	16.86-17.13	0.12	0%-9.9%
17	Oct_5_2020	16.32 (0.2%)	16.54 (0.4%)	16.8 (0.5%)	16.8	16.75(0%)	16.95(1.68%)	16.7-16.98	1.5(1.7)	0	0.1%	0.5%	0%	0%	0.28%	1.3%	61	1.6	Growing Uptrend	Range(0.6%)	5	0.7	0.5	Growing Uptrend	17.06(0.62%)	16.84-17.11	0.09	0%-9.9%
18	Oct_2_2020	16.27 (0.2%)	16.46 (0.2%)	16.71 (0.3%)	16.75	16.77(0%)	16.67(-1.13%)	16.55-16.8	1.4(1.1)	0	-0.1%	0.2%	0%	0%	0.22%	1.2%	61	1.5	Uptrend Consolidation	Range(0.7%)	5	0.7	0.7	After Top	16.66(-0.05%)	16.45-16.84	0.08	-1.2%-8%
19	Oct_1_2020	16.24 (0.2%)	16.43 (0.4%)	16.66 (1.1%)	16.72	16.85(0%)	16.86(0.36%)	16.76-16.99	1.4(1.8)	0	0.9%	0.3%	0%	0%	0.24%	1.2%	71	1.5	Growing Uptrend	Higher(1.2%)	4	1	0.9	Growing Uptrend	16.95(0.56%)	16.75-17.01	0.13	-0.1%-9.3%
20	Sep_30_2020	16.23 (0%)	16.37 (0.2%)	16.48 (0.9%)	16.55	16.72(0%)	16.8(0.6%)	16.7-16.99	1(1.6)	0	1%	0.2%	0%	0%	0.18%	0.8%	66	1.5	Growing Uptrend	Higher(1.2%)	4	1.1	0.8	Growing Uptrend	16.87(0.4%)	16.7-16.91	0.07	-0.5%-8.9%

21	Sep_29_2020	16.21 (0%)	16.32 (0.2%)	16.33 (0.5%)	16.32	16.59(0%)	16.7(1.09%)	16.5-16.84	0.6(1.5)	0	0.9%	0.2%	0%	0%	0.14%	0.7%	63	1.4	Growing Uptrend	Higher(1.1%)	4	1.1	0.9	Uptrend	16.72(0.12%)	16.61-16.77	0.13	-1.1%-8.2%
22	Sep_28_2020	16.19 (0%)	16.28 (0.2%)	16.25 (0.4%)	16.22	16.38(0%)	16.52(0.67%)	16.45-16.65	0.3(1.1)	0	1.2%	0.2%	0%	0%	0.18%	0.6%	68	1.3	Growing Uptrend	Higher(1.4%)	4	0.6	0.9	Uptrend	16.56(0.22%)	16.46-16.6	0.08	-2.1%-7.1%
23	Sep_25_2020	16.17 (0%)	16.24 (0.2%)	16.25 (0%)	16.13	16.38(0%)	16.41(2.76%)	15.98-16.45	0.1(0.8)	0	0.1%	0.3%	0%	0%	0.16%	0.5%	60	1.2	Growing Uptrend	Range(0.4%)	3	0.9	1.1	N/A	16.41(-0.01%)	16.3-16.5	0.13	-2.8%-6.4%
24	Sep_24_2020	16.15 (0%)	16.24 (0.2%)	16.18 (-0.4%)	16.09	16.06(0%)	15.97(-0.44%)	15.75-16.04	0(-0.6)	0	-0.7%	-0%	0%	0%	0.14%	0.2%	48	1.3	Downtrend Reversal	Range(-0.5%)	4	0.7	1.2	N/A	16.06(0.57%)	16.04-16.08	0.07	-5.4%-3.5%
25	Sep_23_2020	16.16 (0%)	16.18 (0.2%)	16.24 (-0.4%)	16.21	16.2(0%)	16.04(-1.78%)	16.02-16.44	0.3(-0.4)	0	0.2%	0%	0%	0%	0.1%	0.1%	39	1.2	N/A	Higher(1.1%)	5	0.9	1.3	Uptrend	16.07(0.17%)	16.06-16.07	0.12	-5%-4%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

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