(Beam Therapeutics Inc. )
| BEAM latest price $26.0300 (2.72%) ($24.6400 - $26.4800) on Fri. Aug. 21, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.81% (three month average) |
RSI | 78 |
Latest Price | $26.0300(2.72%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 2.9% a day on average for past five trading days. |
Weekly Trend | BEAM advances 7.7% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support BEAM advance at 0% a week (0% probability) ARKG(60%) ARKK(58%) XBI(57%) IBB(54%) IWO(54%) |
Factors Impacting BEAM price | BEAM will decline at least -2.405% in a week (0% probabilities). VIXM(-27%) UUP(-14%) VXX(-9%) XLC(-6%) IYT(-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 | -2.405% (StdDev 4.81%) |
Hourly BBV | 0 () |
Intraday Trend | 3.8% |
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