(Beam Therapeutics Inc. )
| BEAM latest price $29.4100 (3.19%) ($28.3200 - $29.9400) on Fri. Oct. 9, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.25% (three month average) |
RSI | 48 |
Latest Price | $29.4100(3.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 5.5% a day on average for past five trading days. |
Weekly Trend | BEAM advances 1.4% 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(60%) ARKK(59%) XBI(58%) IBB(55%) IWO(54%) |
Factors Impacting BEAM price | BEAM will decline at least -2.625% in a week (0% probabilities). VIXM(-27%) UUP(-14%) VXX(-9%) EDOC(-7%) DRIV(-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 | -2.625% (StdDev 5.25%) |
Hourly BBV | 0 () |
Intraday Trend | 3.4% |
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