(Beam Therapeutics Inc. )
| BEAM latest price $29.0100 (1.4%) ($28.2500 - $29.6200) on Wed. Jul. 8, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.44% (three month average) |
RSI | 64 |
Latest Price | $29.0100(1.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 0.7% a day on average for past five trading days. |
Weekly Trend | BEAM advances 3.9% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Growth stock rally for small cap. |
Correlated ETFs | Broad market will support BEAM advance at 0% a week (0% probability) ARKG(59%) ARKK(57%) XBI(56%) IWO(53%) IBB(52%) |
Factors Impacting BEAM price | BEAM will decline at least -2.72% in a week (0% probabilities). VIXM(-27%) UUP(-14%) VXX(-9%) XLC(-5%) IYT(-4%) |
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 | -2.72% (StdDev 5.44%) |
Hourly BBV | 0 () |
Intraday Trend | 0.9% |
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