EDITAS MEDICINE INC (EDIT) Technical Analysis
NASDAQ:EDIT • US28106W1036
Current stock price
EDIT Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to EDIT. In the past year, EDIT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Looking at the yearly performance, EDIT did better than 95% of all other stocks.
- EDIT is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 517 stocks in the same industry.
- In the last month EDIT has a been trading in the 1.82 - 2.77 range, which is quite wide. It is currently trading near the high of this range.
- EDIT has an average volume of 1718160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- EDIT is currently trading in the middle 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 slightly.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
EDIT Weekly and Daily overview Charts
EDIT Setup Rating and Analysis
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
EDIT Support and Resistance Analysis
1.85
3 important support areas can be observed.
- Support @2.31 from a trend line in the daily time frame.
- A support zone ranging from 2.14 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.87 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 2.68 to 2.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.19 from a trend line in the weekly time frame.
EDIT 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 | 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 | 95.21 | POSITIVE | EDIT has a high relative strength, it outperformed 95.21% 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) | 64.05 | NEUTRAL | The RSI value for EDIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EDIT has a positive trend. |
| Stochastics (14,3) | 77.06 | NEUTRAL | The Stochastics value for EDIT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.83 | HIGH VOLATILITY | The high ATR as a percentage value for EDIT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for EDIT suggests a possible start of a new trend. |
EDIT Chart- and CandleStick Pattern Analysis
EDIT Technicals: Chart, Performance Metrics, Trend & Indicators
2.67
+0.06 (+2.3%)
EDITAS MEDICINE INC / EDIT TA FAQ
Can you provide the ChartMill technical rating for EDITAS MEDICINE INC?
ChartMill assigns a technical rating of 8 / 10 to EDIT.
What is the trend direction for EDIT stock?
The current trend direction for EDITAS MEDICINE INC (EDIT) is Bearish.
Can you provide the RSI signal for EDITAS MEDICINE INC?
EDITAS MEDICINE INC (EDIT) has an RSI value of 64.054. This indicates that the stock is currently neutral.
Can you provide the short term momentum for EDITAS MEDICINE INC?
The short term momentum for EDITAS MEDICINE INC (EDIT) is positive.
What is the support and resistance level for EDIT stock?
EDITAS MEDICINE INC (EDIT) has a support level at 2.31 and a resistance level at 2.68. Check the full technical report for our detailed analysis of EDIT support and resistance levels.