Edgewise Therapeutics is up a bit on the day, funds flowing in kept the price up 2.04% since yesterday. It looks like EWTX may be interacting with an upward sloping support line. These can create nice entry points since it can have both momentum and support. If we also take into account the strong positive momentum that Edgewise Therapeutics has shown over the last year. A lot of buyers typically come in on dips to bid the price up. It certainly increases the
likelihood of getting a nice bounce off of this particular resistance line. Looking back at the previous year, the asset has returned 113.27 percent back to its shareholders, not too bad!
If we get a reversal off of support and Edgewise Therapeutics starts moving up, it can probably get to $39.125 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.
The analysts are pretty neutral on Edgewise Therapeutics right now, so not much useful information here. The current Analysts Sentiment Score is 2.25. Most companies range between (-200 to 200).
Here's a break down of the latest rating changes. On 2024-04-16 there was confirmation of the previous rating by Wedbush which was Outperform and provided a price target of $26.00. Piper Sandler initiated a rating of Overweight on 2024-03-07 and added a price target of $48.00. JPMorgan Chase & Co. provided a price target boost of 4.17% to $25.00 from $24.00 on 2023-06-30. On 2023-05-01 Truist Financial started covering Edgewise Therapeutics with a rating of Buy.
| Company | Ratings Score
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Composite analyst sentiment score
|
Positive Ratings | Negative Ratings | Boost Price Target | Lower Price Target |
|---|---|---|---|---|---|
| EWTX | 2.25 | 2.26 | 0 | 2.23 | 0 |
| Company | YOY Growth Score (typical -20 to +20) | Revision Directions (-6 to +6) |
|---|---|---|
| EWTX | 0.00 | 0.00 |
We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.
| Company | Short Score (typical 1-15)
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We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)
|
Short Interest | Days to Cover | Rate of Change | Shares Short |
|---|---|---|---|---|---|
| EWTX | 26.56 | %16.3 | 36.2 | 3.564 | 5750000 |
Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.
| Ticker | Social Sentiment(1-10) |
|---|---|
| EWTX |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
