EDIT Technical Analysis - EDITAS MEDICINE INC

Technical Rating and Analysis

Taking everything into account, EDIT scores 5 out of 10 in our technical rating. Although EDIT is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, EDIT is a bad performer in the overall market: 76% of all stocks are doing better.

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

In the last month EDIT has a been trading in the 2.39 - 2.92 range, which is quite wide. It is currently trading near the high of this range.

EDIT has an average volume of 1977490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

EDIT is part of the Biotechnology industry. There are 540 other stocks in this industry, EDIT did better than 54% of them.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

EDITAS MEDICINE INC / EDIT Weekly stock chart

EDITAS MEDICINE INC / EDIT Daily stock chart

Setup Rating and Analysis

EDIT has an average technical rating and it also 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.44

3.02

When analyzing the support we can see 4 important areas.

Support @2.84 from a horizontal line in the daily time frame.
A support zone ranging from 2.67 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 2.56 to 2.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @2.46 from a horizontal line in the daily time frame.

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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	24.55	NEGATIVE	EDIT has a low relative strength, it was outperformed by 75.45% 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)	DOWN	MIXED	The current price of EDIT is above a declining 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)	51.61	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, although the MACD value is declining.
Stochastics (14,3)	72.55	NEUTRAL	The Stochastics value for EDIT is a neutral value.
Average True Range in percent/ATR (20)	6.51	HIGH VOLATILITY	The high ATR as a percentage value for EDIT suggests high volalility.
Average Directional Index/ADX (14)	13.98	NEGATIVE	The low ADX value for EDIT suggests a weak or negative trend.