| EDIT latest price $34.7100 (-5.78%) ($33.4100 - $36.2400) on Fri. Aug. 7, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.82% (three month average) |
RSI | 55 |
Latest Price | $34.7100(-5.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 3.3% a day on average for past five trading days. |
Weekly Trend | EDIT advances 5.1% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(61%) IWO(58%) ARKG(56%) IBUY(54%) IWC(54%) |
Factors Impacting EDIT price | EDIT will decline at least -2.41% in a week (0% probabilities). VIXM(-28%) UUP(-15%) VXX(-12%) TBT(-7%) IYT(-2%) |
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 | -2.41% (StdDev 4.82%) |
Hourly BBV | 0 () |
Intraday Trend | -0.8% |
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