(Beam Therapeutics Inc. )
| BEAM latest price $29.4000 (5.19%) ($29.4000 - $29.4000) on Wed. Nov. 22, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.13% (three month average) |
RSI | 69 |
Latest Price | $29.4000(5.19%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 3.1% a day on average for past five trading days. |
Weekly Trend | BEAM advances 10.6% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BEAM advance at 0% a week (0% probability) ARKG(86%) ARKK(77%) XBI(75%) IBUY(72%) SPY(72%) |
Factors Impacting BEAM price | BEAM will decline at least -2.565% in a week (0% probabilities). TBT(-27%) UUP(-16%) VXX(-9%) UNG(-3%) VIXM(-1%) |
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 | -2.565% (StdDev 5.13%) |
Hourly BBV | 0.1 () |
Intraday Trend | 0% |
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