(Beam Therapeutics Inc. )
| BEAM latest price $28.5600 (-4.27%) ($28.4300 - $28.5600) on Wed. Nov. 29, 2023. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.2% (three month average) |
RSI | 69 |
Latest Price | $28.5600(-4.27%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | BEAM advances 0.4% a day on average for past five trading days. |
Weekly Trend | BEAM advances 12.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support BEAM advance at 0% a week (0% probability) SPY(87%) ARKG(82%) ARKK(72%) IBUY(71%) IVE(68%) |
Factors Impacting BEAM price | BEAM will decline at least -2.6% in a week (0% probabilities). EDOC(-40%) TBT(-24%) VIXM(-12%) VXX(-11%) BNDX(-8%) |
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 | -2.6% (StdDev 5.2%) |
Hourly BBV | -1 () |
Intraday Trend | 0% |
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