Trading Signals: EDOC Stock Price Prediction and Forecast

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

Wed. Nov. 25, 2020

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

(Global X Telemedicine & Digital Health ETF)
EDOC latest price $17.7600 (-0.62%) ($17.7000 - $17.8000) on Wed. Nov. 25, 2020.

Trend Analysis and Forecast

Trend Pattern   Uptrend Consolidation
Trend Narrative   Uptrend
Average Daily Price Swing   $0.5 (2.88% one month average)
Average Daily Percentage Swing   1.63% (three month average)
Weekly Trend Force   0.3% (StdDev 1.63%)
Daily Moving Force   %
Correction Force   Weak (0%)
Trend   0.12%
Latest Price   $17.7600(-0.62%)
Forecasted Low Price   17.69(-0.4%)
Forecasted High Price   17.94(1%)
Direction of Next Movement   Range(0.6%)
% Change Needed to Confirm Correction   0.9% (17.61)
% Change Needed for Trend Reversal   1.6%
Hourly Trend -0.6% [$17.83(-0.1), $17.79(0.09)]
Complacency   6
Intraday Reversal Probability   There's a high probability the price will reverse sharply to downside intraday or next day..
Daily Trend   EDOC advances 0.4% a day on average for past five trading days.
Weekly Trend   EDOC advances 0.5% 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 advance at 0.3% a week (78% probability)
SKYY(74%)    IWF(71%)    VUG(70%)    ARKK(68%)    QQQ(68%)
Factors Impacting EDOC price   EDOC will advance at least 0.1% in a week (24% probabilities).
VXX(-33%)    VIXM(-23%)    UUP(-23%)    TBT(-18%)    BJK(-6%)
Trading Plan   Not Available

Valuation to SPY -0.7

Relative Volatility 1.5 (options are expensive)

Market Trend Strength   0.7% (StdDev 1.63%)
Hourly BBV 3.2 ()
Intraday Trend 0%

Next Hour Price   $17.76(0%)
Support Level   $17.37
5 Day Moving Average   $17.71(0.28%)
10 Day Moving Average   $17.62(0.79%)
20 Day Moving Average   $17.37(2.25%)
To recent high   -1.3%
To recent low   14.7%
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 2.88% (three month std-dev: 1.63% 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

> 20201225

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 Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Nov_25_2020	17.37 (0.2%)	17.62 (0.2%)	17.71 (0.4%)	17.79	17.83(0%)	17.76(-0.62%)	17.7-17.8	0.7(0.8)	3.2	%	0.3%	0%	0.12%	Uptrend Consolidation	Range(0.6%)	6	58	1.8	-0.7	1.4	Uptrend	17.79(0.19%)	17.7-17.84	0.13	-1.3%-14.7%
2	Nov_24_2020	17.35 (0.2%)	17.56 (0.2%)	17.64 (0.5%)	17.7	17.93(0%)	17.87(-0.67%)	17.8-18.08	1(1.1)	2.1	0.9%	0.2%	0%	0.1%	Growing Uptrend	Higher(1.4%)	5	67	1.7	-0.6	1.5	After Top	17.8(-0.41%)	17.57-17.98	0.17	-0.7%-15.4%
3	Nov_23_2020	17.31 (0.1%)	17.53 (0.3%)	17.55 (0.5%)	17.55	17.75(0%)	17.99(2.33%)	17.81-18.05	1.4(1.4)	1.9	1.1%	0.2%	0%	0.16%	Growing Uptrend	Higher(1.3%)	5	74	1.7	0.4	1.3	Uptrend Consolidation	17.8(-1.03%)	17.72-18.06	2.36	0%-16.2%
4	Nov_19_2020	17.28 (0.1%)	17.5 (0.6%)	17.46 (-0.1%)	17.43	17.46(0%)	17.58(1.21%)	17.36-17.63	0.7(0.7)	4.5	0.2%	-0.1%	0%	0.22%	Correction	Range(0.1%)	5	71	1.6	-0.8	1.7	Uptrend Consolidation	17.5(-0.47%)	17.45-17.65	0.13	-1.7%-13.6%
5	Nov_18_2020	17.26 (0%)	17.5 (0.9%)	17.48 (-0.1%)	17.44	17.36(0%)	17.37(-0.06%)	17.28-17.52	0.3(0.3)	-5.4	-0.2%	0%	0%	0.3%	Downtrend Reversal	Range(-0.2%)	5	57	1.6	-1.2	1.9	N/A	17.47(0.55%)	17.31-17.6	0.35	-2.8%-12.2%

6	Nov_17_2020	17.26 (-0%)	17.53 (1%)	17.5 (0.2%)	17.51	17.39(0%)	17.38(-0.17%)	17.15-17.39	0.2(0.3)	-4	-0.4%	0.2%	0%	0.34%	Correction	Range(-0.1%)	6	56	1.6	-1.8	1.8	Uptrend Reversal	17.52(0.8%)	17.4-17.6	0.09	-2.8%-12.3%
7	Nov_16_2020	17.26 (-0.1%)	17.47 (0.8%)	17.46 (-0.2%)	17.54	17.53(0%)	17.41(-0.83%)	17.38-17.65	0.2(0.4)	-5.1	-0.2%	0.4%	0%	0.26%	Uptrend Consolidation	Range(0.6%)	6	50	1.5	-2.2	1.9	Uptrend Reversal	17.55(0.8%)	17.43-17.63	0.21	-2.6%-12.5%
8	Nov_13_2020	17.26 (-0.1%)	17.37 (0.7%)	17.5 (-0.3%)	17.46	17.62(0%)	17.56(-0.82%)	17.53-17.77	0.5(0.7)	4.6	0.1%	0.5%	0%	0.22%	Growing Uptrend	Higher(1%)	6	54	1.6	-1.6	1.1	Uptrend Reversal	17.7(0.82%)	17.58-17.78	0.14	-1.8%-13.4%
9	Nov_12_2020	17.26 (-0%)	17.24 (0.5%)	17.56 (-0.2%)	17.49	17.55(0%)	17.7(1.32%)	17.41-17.77	0.9(1)	1.4	0.6%	0.3%	0%	0.18%	Growing Uptrend	Higher(0.9%)	5	53	1.6	-0.4	0.7	N/A	17.67(-0.19%)	17.46-17.84	0.17	-1%-14.3%
10	Nov_11_2020	17.25 (0%)	17.16 (0.5%)	17.59 (0.2%)	17.52	17.3(0%)	17.47(1.84%)	17.35-17.57	0.4(0.5)	-1.5	-0.5%	0.2%	0%	0.18%	Uptrend Consolidation	Range(-0.3%)	4	51	1.6	-1.8	1.3	N/A	17.5(0.17%)	17.37-17.61	0.18	-2.3%-13.2%

11	Nov_10_2020	17.26 (0%)	17.11 (0.4%)	17.56 (0.5%)	17.61	17.42(0%)	17.16(-2.69%)	16.77-17.47	-0.2(-0.2)	-1.4	-0.9%	-0.1%	0%	0.16%	Downtrend Reversal	Range(0.3%)	4	51	1.7	-2.6	0.7	N/A	17.27(0.62%)	17.23-17.3	0.14	-4%-11.2%
12	Nov_9_2020	17.26 (0.1%)	17.13 (0.3%)	17.47 (1.6%)	17.64	17.74(0%)	17.63(-1.12%)	17.45-18.09	0.6(0.7)	4.5	0.6%	0.2%	0%	0.12%	Growing Uptrend	Higher(1.4%)	4	51	1.7	-1.4	-0.4	N/A	17.66(0.19%)	17.49-17.81	0.29	-1.4%-14.3%
13	Nov_6_2020	17.29 (-0%)	17.08 (-0.1%)	17.19 (1.9%)	17.39	17.8(0%)	17.83(-0.25%)	17.56-17.92	1(1.1)	3.9	1.8%	0.3%	0%	-0.04%	N/A	Higher(2.2%)	3	53	1.7	0.5	1.9	N/A	17.74(-0.53%)	17.58-17.87	0.12	-0.3%-15.6%
14	Nov_5_2020	17.28 (-0.1%)	17.02 (-0.6%)	16.87 (1.1%)	17.01	17.54(0%)	17.88(3.35%)	17.6-17.9	1.2(1.3)	2.5	2.5%	0.3%	0%	-0.22%	Uptrend Reversal	Higher(2.8%)	2	51	1.7	0.7	0.9	Downtrend Consolidation	17.78(-0.57%)	17.67-17.82	0.46	0%-15.9%
15	Nov_4_2020	17.25 (-0.2%)	16.95 (-0.9%)	16.68 (0.4%)	16.65	16.97(0%)	17.3(3.32%)	17.08-17.4	0.1(0.1)	0.5	1.7%	0.1%	0%	-0.36%	Uptrend Reversal	Higher(1.8%)	1	43	1.7	-0.4	0.5	After Bottom	17.16(-0.79%)	17.04-17.27	0.1	-2.9%-12.1%

16	Nov_3_2020	17.24 (-0.2%)	16.93 (-1.1%)	16.62 (-0.8%)	16.55	16.49(0%)	16.74(3.27%)	16.43-16.81	-1(-1.1)	1.1	0.1%	-0.3%	0%	-0.44%	Rebound	Range(-0.2%)	0	32	1.7	-1.2	-1.6	Downtrend	16.58(-0.94%)	16.48-16.81	0.08	-6.1%-8.5%
17	Nov_2_2020	17.26 (-0.1%)	17 (-1.1%)	16.75 (-1.1%)	16.64	16.34(0%)	16.21(-0.25%)	16.18-16.56	-2.2(-2.4)	-3.5	-1.6%	-0.6%	1.1%	-0.4%	Growing Downtrend	Lower(-1%)	0	20	1.7	-2.4	-2.5	Downtrend	16.11(-0.64%)	15.99-16.38	0.12	-9.1%-5.1%
18	Oct_30_2020	17.3 (0.1%)	17.13 (-1%)	16.94 (-1.3%)	16.91	16.62(0%)	16.25(-3.87%)	16.23-16.79	-2.4(-2.7)	-3.9	-1.6%	-0.7%	1.9%	-0.32%	Growing Downtrend	Higher(1.5%)	0	23	1.6	-1.6	-2.2	Correction	15.81(-2.73%)	15.74-16.09	0.18	-8.8%-5.3%
19	Oct_29_2020	17.33 (0.3%)	17.28 (-0.8%)	17.17 (-0.5%)	17.11	16.94(0%)	16.91(-0.38%)	16.7-16.96	-1.1(-1.3)	-0.6	-1.1%	-0.3%	0%	-0.18%	Growing Downtrend	Lower(-1.2%)	0	36	1.4	1.2	-2.4	Correction	16.64(-1.62%)	16.59-16.83	0.12	-5.1%-9.6%
20	Oct_28_2020	17.34 (0.5%)	17.36 (-0.6%)	17.25 (-0.2%)	17.23	17.2(0%)	16.97(-2.53%)	16.91-17.19	-0.9(-1.1)	-1.2	-0.4%	-0.3%	0%	-0.1%	Growing Downtrend	Range(0.6%)	0	44	1.4	2.5	-2.4	Correction	16.78(-1.14%)	16.74-16.94	0.14	-4.8%-10%

21	Oct_27_2020	17.33 (0.6%)	17.44 (-0.4%)	17.29 (-0.1%)	17.3	17.28(0%)	17.41(1.46%)	17.21-17.5	0.3(0.2)	-2.7	0.1%	-0.1%	0%	-0.04%	Downtrend Consolidation	Range(0%)	1	55	1.5	2.1	-0.6	Correction	17.37(-0.22%)	17.34-17.41	0.11	-2.3%-12.8%
22	Oct_26_2020	17.3 (0.6%)	17.48 (-0.2%)	17.3 (-0.4%)	17.27	17.27(0%)	17.16(-1.35%)	17-17.38	-0.3(-0.4)	-3.6	-0.4%	-0.2%	0%	0.04%	Downtrend Reversal	Range(0.1%)	2	59	1.7	0.3	-0.2	Correction	17.04(-0.7%)	17.01-17.18	0.15	-3.7%-11.2%
23	Oct_23_2020	17.27 (0.7%)	17.54 (0.1%)	17.36 (-0.3%)	17.34	17.33(0%)	17.4(0.4%)	17.26-17.41	0.3(0.3)	-6.4	0.1%	0%	0%	0.14%	Growing Uptrend	Range(0.1%)	3	66	1.8	-0.1	0.8	Uptrend Consolidation	17.37(-0.2%)	17.34-17.46	0.09	-2.4%-12.8%
24	Oct_22_2020	17.23 (0.6%)	17.54 (0.3%)	17.41 (-0.4%)	17.39	17.26(0%)	17.33(0.96%)	17.13-17.39	0.2(0.2)	-3	-0.5%	0.1%	0%	0.22%	Downtrend Reversal	Range(-0.4%)	4	70	2.1	0	0.6	Uptrend	17.43(0.57%)	17.3-17.48	0.18	-2.8%-12.3%
25	Oct_21_2020	17.17 (0.6%)	17.56 (0.4%)	17.48 (-0.7%)	17.49	17.36(0%)	17.16(-1.61%)	17.11-17.5	-0(-0)	-3.2	-0.8%	0%	0%	0.3%	Downtrend Reversal	Range(0%)	5	61	2.3	-0.3	0.1	Uptrend Consolidation	17.18(0.09%)	17.13-17.31	0.15	-3.7%-11.2%
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 Pattern	Next Direction	C	RSI	Scale	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low

Click to see actual return for next trading day.