EDITAS MEDICINE INC (EDIT) Stock Technical Analysis
NASDAQ:EDIT - Nasdaq - US28106W1036 - Common Stock - Currency: USD
Taking everything into account, EDIT scores 7 out of 10 in our technical rating. EDIT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
EDIT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EDIT is lagging the market.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EDIT is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 557 stocks in the same industry.
In the last month EDIT has a been trading in the 1.47 - 2.55 range, which is quite wide. It is currently trading near the high of this range.
EDIT has an average volume of 2085150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, EDIT outperforms 53% of them, which is more or less in line with the market.
Volume is considerably higher in the last couple of days.
Although EDIT has an excellent technical rating, it does not present a decent entry opportunity 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
2.12
2.66
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.14 to 2.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.19 from a horizontal line in the daily time frame.
- Resistance @2.63 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for EDIT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EDIT is up. |
| ChartMill Relative Strength | 53.33 | NEUTRAL | EDIT is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of EDIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.15 | NEUTRAL | The RSI value for EDIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EDIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.02 | NEUTRAL | The Stochastics value for EDIT is a neutral value. |
| Average True Range in percent/ATR (20) | 10.12 | HIGH VOLATILITY | The high ATR as a percentage value for EDIT suggests high volalility. |
| Average Directional Index/ADX (14) | 46.6 | POSITIVE | The high ADX value value for EDIT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.14
-0.02 (-0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.93%
1 Week1.9%
2 Weeks17.58%
1 Month43.62%
3 Month63.36%
6 Month63.36%
12 Month-58.12%
2 Year-74%
3 Year-81.91%
5 Year-92.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%10.12%
ATR Inc68%
Range Today0.45
ADR(20)0.21
ADR(20)%9.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.33
Mansfield-1.93
10 Day High2.55
10 Day Low1.73
20 Day High2.55
20 Day Low1.47
52 Week High6.05
52 Week Low0.91
CS1 EndN/A
CR1 Start2.14
Volume & EV
DER(3)0.92%
DER(5)-0.75%
Volume5.46M
Volume Incr78%
Vol(5)3.31M
Vol(50)2.09M