| EDIT latest price $64.1700 (5.4%) ($64.1700 - $66.3900) on Wed. Aug. 11, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 5.25% (three month average) |
RSI | 82 |
Latest Price | $64.1700(5.4%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EDIT advances 6.6% a day on average for past five trading days. |
Weekly Trend | EDIT advances 22.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Value stock rally for small cap. |
Correlated ETFs | Broad market will support EDIT advance at 0% a week (0% probability) IBB(67%) IWO(62%) IWC(61%) IBUY(60%) IWM(59%) |
Factors Impacting EDIT price | EDIT will decline at least -2.625% in a week (0% probabilities). VIXM(-33%) UUP(-16%) VXX(-12%) TBT(-7%) UNG(-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 | -2.625% (StdDev 5.25%) |
Hourly BBV | 1.2 () |
Intraday Trend | 0% |
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