Trading Signals: EDOC Stock Price Prediction and Forecast

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

Fri. Mar. 5, 2021

Trading Signals: EDOC Stock Price Prediction and Forecast (Thu. Jul. 30, 2020 - Fri. Apr. 16, 2021)

(Global X Telemedicine & Digital Health ETF)
EDOC latest price $18.5300 (-0.43%) ($18.5300 - $18.5300) on Fri. Mar. 5, 2021.

Trend Analysis and Forecast

Trend Pattern   Growing Downtrend
Trend Narrative   Growing Downtrend
Average Daily Price Swing   $1.23 (5.84% one month average)
Average Daily Percentage Swing   1.61% (three month average)
Weekly Trend Force   -1.5% (StdDev 1.61%)
Daily Moving Force   -2.4%
Rebound Strength   Strong(1.3%)
Hourly Trend Strength   -2.99%
Trend   -1.04%
Trend Strength   -4.9%
Trend Clarity   -0.26(-1.5/1.23/21.05)
RSI   12
Momentum   3.6
Latest Price   $18.5300(-0.43%)
Forecasted Low Price   18.01(-2.8%)
Forecasted High Price   18.85(1.7%)
Direction of Next Movement   Lower(-3.5%)
% Change Needed to Confirm Rebound   10.4% ((20.46))
% Change Needed for Trend Reversal   8.8%
Hourly Trend -2.4% [$18.57(-0.45), $19.22(-0.52)]
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Complacency   1
Intraday Reversal Probability   N/A.
Daily Trend   EDOC declines -1.7% a day on average for past five trading days.
Weekly Trend   EDOC declines -6.5% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support EDOC decline at-0.7% a week (95% probability)
ARKG(95%)    ARKK(93%)    SKYY(93%)    IPO(92%)    ONLN(89%)
Factors Impacting EDOC price   EDOC will decline at least -0.4% in a week (52% probabilities).
VXX(-62%)    UUP(-62%)    VIXM(-45%)    TBT(-35%)    XLE(-9%)
Explanation The decline is sustainable and supported by the broad market.
Trading Plan   Not Available

Valuation to SPY -2.3

Relative Volatility 2.9 (options are extremely expensive)

Market Trend Strength   -2.6% (StdDev 1.61%)
Hourly BBV -0.1 ()
Intraday Trend 0%

Next Day Open Price   $18.63(0.54%)
Inflection Point   Yes
Resistance Level   $21.05
5 Day Moving Average   $19.51(-5.02%)
10 Day Moving Average   $20.02(-7.44%)
20 Day Moving Average   $21.05(-11.97%)
To recent high   -18.1%
To recent low   0%
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 5.84% (three month std-dev: 1.61% 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

> 20210405

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	Mar_5_2021	21.05 (-0.4%)	20.02 (-1.4%)	19.51 (-1.7%)	19.22	18.57(0%)	18.53(-0.43%)	18.53-18.53	-2(-2)	-0.1	-2.4%	-1.5%	1.3%	-2.99%	-1.04%	-4.9%	12	3.6	Growing Downtrend	Lower(-2.4%)	1	-2.3	-0.3	Growing Downtrend	17.72(-4.35%)	17.07-18.88	0.39	-18.1%-0%
2	Mar_4_2021	21.21 (-0.4%)	20.38 (-1.2%)	19.85 (-1.5%)	19.74	19.02(0%)	18.61(-4.22%)	18.61-18.61	-1.9(-2.4)	-1.1	-3.2%	-1.4%	0%	-2.94%	-0.9%	-3.9%	20	3.1	Oversold	Lower(-2.5%)	1	-2.4	0.3	Growing Downtrend	18.03(-3.11%)	17.52-18.99	0.6	-17.7%-0.6%
3	Mar_3_2021	21.37 (-0.2%)	20.72 (-1%)	20.16 (-1.3%)	20.16	19.86(0%)	19.43(-4.36%)	19.43-19.43	-1.8(-2.2)	-3.2	-2.1%	-1.1%	0%	-1.33%	-0.78%	-3.1%	25	2.7	Growing Downtrend	Lower(-1%)	1	-2.2	0.1	Growing Downtrend	18.98(-2.33%)	18.58-19.71	0.38	-14.1%-5.9%
4	Mar_2_2021	21.49 (-0.2%)	21.01 (-0.8%)	20.43 (-0.5%)	20.34	20.47(0%)	20.32(-1.57%)	20.25-20.32	-1.6(-1.5)	-2.2	-0.3%	-0.8%	0%	0.64%	-0.66%	-2.2%	29	2.5	Growing Downtrend Downtrend Pop	Range(-0.3%)	2	-1.7	0.5	Growing Downtrend	19.97(-1.73%)	19.67-20.5	0.67	-10.2%-11.1%
5	Mar_1_2021	21.53 (-0.2%)	21.22 (-0.8%)	20.54 (-0.4%)	20.46	20.46(0%)	20.64(1.83%)	20.64-20.64	-1.6(-1.2)	2.7	0.4%	-0.6%	0%	0.2%	-0.6%	-1.4%	35	2.4	Rebound	Range(-0.2%)	2	-1.7	0.3	Relative Oversold	20.47(-0.82%)	19.76-21.05	0.18	-8.8%-12.8%

6	Feb_26_2021	21.54 (-0.2%)	21.41 (-0.6%)	20.63 (-1.8%)	20.52	20.22(0%)	20.27(0.55%)	20.27-20.27	-1.6(-1.7)	-1.7	-1.3%	-0.7%	0%	-1.12%	-0.54%	-0.6%	34	2.4	Downtrend Pop	Lower(-2%)	3	-1.8	0.4	Relative Oversold	20.19(-0.41%)	19.39-20.84	0.32	-10.4%-10.8%
7	Feb_25_2021	21.58 (-0.2%)	21.61 (-0.4%)	21 (-1.7%)	20.72	20.47(0%)	20.16(-2.94%)	20.16-20.16	-1.2(-2.1)	-3.2	-1.9%	-0.7%	0%	-0.24%	-0.36%	0.1%	36	2.2	Growing Downtrend	Lower(-1.1%)	4	-2.6	0.5	Downtrend	19.96(-0.99%)	19.78-20.38	0.45	-10.9%-13.5%
8	Feb_24_2021	21.63 (-0%)	21.82 (-0.2%)	21.36 (-1.4%)	21.21	20.82(0%)	20.77(-0.5%)	20.77-20.77	-0.7(-1.4)	0	-1.1%	-0.5%	0%	-1.19%	-0.2%	0.9%	43	2.1	Growing Downtrend	Lower(-1.4%)	5	-2.9	1.1	Downtrend	20.66(-0.51%)	20.56-20.9	0.43	-8.2%-16.9%
9	Feb_23_2021	21.67 (0%)	21.97 (-0%)	21.67 (-1.5%)	21.51	20.97(0%)	20.88(-0.93%)	20.88-20.88	-0.2(-1.3)	-0.6	-2.3%	-0.5%	0%	-2.39%	-0.02%	1.4%	45	2	N/A	Lower(-2.3%)	6	-2.7	1.5	Correction	20.55(-1.58%)	20.48-20.82	0.38	-7.7%-17.6%
10	Feb_22_2021	21.72 (0.2%)	22.09 (0.2%)	22 (-1.4%)	21.87	21.6(0%)	21.07(-4.79%)	21.07-21.07	0.4(-1.2)	-2.8	-1.8%	-0.3%	0%	-0.78%	0.2%	1.7%	56	1.9	Downtrend Reversal	Range(0.3%)	7	-2.8	1.7	Downtrend Reversal	21.05(-0.1%)	21.02-21.18	0.56	-6.9%-18.6%

11	Feb_19_2021	21.76 (0.2%)	22.17 (0.4%)	22.31 (-0%)	22.23	22.04(0%)	22.13(0.82%)	22.13-22.13	1.1(0.7)	-1.2	-0.4%	0.2%	0%	-0.27%	0.42%	1.9%	79	2	Confirmed Correction	Range(-0.2%)	8	0.8	1.9	Uptrend	22.36(1.04%)	22.06-22.49	0.15	-2.2%-25.9%
12	Feb_18_2021	21.72 (0.4%)	22.12 (0.6%)	22.32 (-0.1%)	22.36	22.13(0%)	21.95(-1.61%)	21.95-21.95	1.3(0.4)	-1	-0.8%	0.1%	0%	-0.99%	0.48%	1.8%	66	2	Correction	Range(0.1%)	9	-0.3	1.9	Uptrend	22.22(1.25%)	21.91-22.36	0.24	-3%-26.4%
13	Feb_17_2021	21.7 (0.4%)	22.09 (0.6%)	22.34 (0.1%)	22.41	22.43(0%)	22.31(-1.02%)	22.31-22.31	1.5(1.2)	-2.3	-0.2%	0.3%	0%	-0.58%	0.56%	1.8%	74	2.1	Uptrend	Higher(0.6%)	10	1	2.1	Uptrend Dip	23.05(3.32%)	22.09-23.29	0.34	-1.4%-28.4%
14	Feb_16_2021	21.64 (0.4%)	22.01 (0.6%)	22.32 (0.5%)	22.35	22.58(0%)	22.54(-0.35%)	22.54-22.54	1.7(1.7)	2.7	0.6%	0.6%	0%	0.71%	0.58%	1.7%	62	2.1	Growing Uptrend	Higher(1.4%)	10	2.1	2	Relative Overbought	22.77(1.03%)	22.04-23.37	0.6	-0.4%-29.8%
15	Feb_12_2021	21.54 (0.4%)	21.85 (0.6%)	22.2 (0.8%)	22.26	22.39(0%)	22.62(2.08%)	22.62-22.62	1.6(2)	3.7	1%	0.8%	0%	0.31%	0.48%	1.5%	58	2.1	Growing Uptrend	Higher(1.8%)	9	1.9	2.1	Growing Uptrend	22.98(1.61%)	22.44-23.12	0.14	0%-30.2%

16	Feb_11_2021	21.44 (0.4%)	21.65 (0.4%)	22.02 (0.6%)	22.09	22.12(0%)	22.16(0.34%)	22.16-22.16	1.5(1.5)	-1.8	0.2%	0.5%	0%	0.05%	0.36%	1%	56	2	Growing Uptrend	Higher(0.7%)	8	1.1	2.2	Growing Uptrend	22.42(1.17%)	22.03-22.51	0.23	-0%-27.6%
17	Feb_10_2021	21.36 (0.4%)	21.54 (0.2%)	21.9 (0.5%)	21.99	22.13(0%)	22.09(-0.38%)	22.09-22.09	1.4(1.5)	-0.8	0.4%	0.5%	0%	0.36%	0.3%	0.8%	57	2	Growing Uptrend	Higher(1.1%)	7	1	2.2	Growing Uptrend	22.29(0.92%)	21.97-22.37	0.21	-0.4%-28.8%
18	Feb_9_2021	21.27 (0.4%)	21.41 (0.2%)	21.79 (0.7%)	21.86	22.06(0%)	22.17(0.98%)	22.17-22.17	1.3(1.7)	0.4	0.8%	0.4%	0%	0.68%	0.22%	0.7%	57	2	Growing Uptrend	Higher(1.2%)	6	1.2	2	Uptrend	22.29(0.55%)	22.01-22.41	0.27	0%-29.2%
19	Feb_8_2021	21.17 (0.4%)	21.34 (0%)	21.65 (0.9%)	21.69	21.85(0%)	21.96(0.99%)	21.96-21.96	1.2(1.5)	1.5	0.8%	0.2%	0%	0.6%	0.2%	0.8%	61	2	Growing Uptrend	Higher(1%)	6	0.8	1.8	Uptrend	22.09(0.6%)	21.82-22.21	0.47	0%-28%
20	Feb_5_2021	21.09 (0.4%)	21.31 (0.2%)	21.46 (1.1%)	21.57	21.66(0%)	21.74(0.79%)	21.74-21.74	1(1.3)	4.5	0.8%	0.2%	0%	0.37%	0.2%	1%	65	2	Growing Uptrend	Higher(1%)	6	0.8	1.7	Uptrend	21.87(0.61%)	21.62-21.98	0.15	-0.2%-26.7%

21	Feb_4_2021	21.01 (0.4%)	21.29 (0%)	21.23 (0.5%)	21.37	21.54(0%)	21.57(0.3%)	21.57-21.57	0.7(1)	5.3	0.6%	0.2%	0%	0.19%	0.16%	1.4%	62	1.9	Growing Uptrend	Higher(0.8%)	6	0.7	1.5	The Top	21.58(0.05%)	21.24-21.86	0.27	-1%-25.7%
22	Feb_3_2021	20.92 (0.4%)	21.29 (0%)	21.12 (0.7%)	21.12	21.49(0%)	21.51(0.12%)	21.51-21.51	0.6(1)	2.1	1%	0.1%	0%	1.32%	0.18%	1.7%	63	2.1	Growing Uptrend	Higher(1.1%)	6	1	1.7	Uptrend	21.62(0.52%)	21.39-21.72	0.23	-1.3%-28.5%
23	Feb_2_2021	20.82 (0.4%)	21.28 (0.2%)	20.98 (-0.1%)	21	21.19(0%)	21.48(2.33%)	21.48-21.48	0.5(1)	0	1.3%	0.3%	0%	1.43%	0.2%	2.2%	65	2.2	Growing Uptrend	Higher(1.6%)	6	1.1	1.4	Uptrend	21.59(0.5%)	21.36-21.68	0.32	-1.4%-32.5%
24	Feb_1_2021	20.71 (0.4%)	21.24 (0.2%)	20.99 (-0.8%)	20.84	20.75(0%)	20.99(1.94%)	20.66-20.99	0.5(0.4)	0.8	-0.5%	0.2%	0%	-0.48%	0.26%	2.6%	63	2.5	Correction	Range(-0.3%)	6	0.8	1.1	Uptrend	21.15(0.77%)	20.94-21.25	0.2	-3.7%-29.5%
25	Jan_29_2021	20.63 (0.4%)	21.2 (0.4%)	21.15 (-1%)	20.99	20.8(0%)	20.59(-2%)	20.59-20.59	0.7(-0.1)	0.3	-0.9%	0%	0%	-0.81%	0.36%	2.8%	57	2.4	Downtrend Reversal	Range(0.1%)	7	0.8	0.2	Uptrend Consolidation	20.64(0.24%)	20.59-20.78	0.56	-5.5%-27%
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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