EDIT Technical Analysis - EDITAS MEDICINE INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to EDIT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EDIT is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

EDIT is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 536 stocks in the same industry.

EDIT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month EDIT has a been trading in the 2.54 - 4.54 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

EDIT has an average volume of 2255020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, EDIT did better than 87% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

EDITAS MEDICINE INC / EDIT Weekly stock chart

EDITAS MEDICINE INC / EDIT Daily stock chart

Setup Rating and Analysis

Although EDIT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

2.76

4.19

We found 2 important support areas.

Support @2.94 from a trend line in the daily time frame.
A support zone ranging from 2.79 to 2.80. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for EDIT is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for EDIT is up.
ChartMill Relative Strength	87.69	POSITIVE	EDIT has a high relative strength, it outperformed 87.69% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of EDIT is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of EDIT is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of EDIT is above the rising SMA(200).
Relative Strength Index/RSI (14)	74.14	OVERBOUGHT	The high RSI value suggests EDIT may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests EDIT has a positive trend.
Stochastics (14,3)	83.33	OVERBOUGHT	The high Stochastics value suggests EDIT may be overbought.
Average True Range in percent/ATR (20)	7.22	HIGH VOLATILITY	The high ATR as a percentage value for EDIT suggests high volalility.
Average Directional Index/ADX (14)	33.96	POSITIVE	The high ADX value value for EDIT suggests a strong trend.