EDITAS MEDICINE INC (EDIT) Stock Technical Analysis
NASDAQ:EDIT - Nasdaq - US28106W1036 - Common Stock - Currency: USD
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.
The long and short term trends are both positive. This is looking good!
EDIT is part of the Biotechnology industry. There are 560 other stocks in this industry. EDIT outperforms 83% of them.
In the last month EDIT has a been trading in the 1.93 - 3.24 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 2519570 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 88% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EDIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EDIT is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
2.85
3.12
We found 1 important resistance area.
- A resistance zone ranging from 3.05 to 3.09. This zone is formed by a combination of multiple trend lines 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 | 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 | 88.64 | POSITIVE | EDIT has a high relative strength, it outperformed 88.64% 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) | DOWN | MIXED | The current price of EDIT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.01 | NEUTRAL | The RSI value for EDIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests EDIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.87 | OVERBOUGHT | The high Stochastics value suggests EDIT may be overbought. |
| Average True Range in percent/ATR (20) | 9.71 | HIGH VOLATILITY | The high ATR as a percentage value for EDIT suggests high volalility. |
| Average Directional Index/ADX (14) | 53.74 | 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)
2.88
-0.18 (-5.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.88%
1 Week12.06%
2 Weeks35.85%
1 Month41.87%
3 Month121.54%
6 Month128.57%
12 Month-48.01%
2 Year-67.2%
3 Year-81.9%
5 Year-90.19%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.27
ATR(20)%9.71%
ATR Inc-12.07%
Range Today0.29
ADR(20)0.27
ADR(20)%9.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.64
Mansfield1.08
10 Day High3.24
10 Day Low2.11
20 Day High3.24
20 Day Low1.93
52 Week High6.05
52 Week Low0.91
CS1 EndN/A
CR1 Start3.05
Volume & EV
DER(3)-0.85%
DER(5)0.37%
Volume2.25M
Volume Incr15.46%
Vol(5)3.65M
Vol(50)2.52M