| EDIT latest price $36.6400 (4.93%) ($34.7990 - $36.9300) on Mon. Aug. 17, 2020. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 4.49% (three month average) |
RSI | 70 |
Latest Price | $36.6400(4.93%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 0.6% a day on average for past five trading days. |
Weekly Trend | EDIT advances 7.2% 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 EDIT advance at 0% a week (0% probability) IBB(62%) IWO(58%) ARKG(56%) IWC(55%) IBUY(54%) |
Factors Impacting EDIT price | EDIT will decline at least -2.245% in a week (0% probabilities). VIXM(-28%) UUP(-15%) VXX(-12%) TBT(-7%) EDOC(-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 | -2.245% (StdDev 4.49%) |
Hourly BBV | 1.8 () |
Intraday Trend | 0% |
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