ADOCW Stock Summary and Trading Ideas (Edoc Acquisition Corp. - Warrant | :ADOCW)

Edoc Acquisition Corp. - Warrant trades on the stock market under the symbol ADOCW.

As of March 27, 2023, ADOCW stock price was flat at $0.02 with million shares trading.

ADOCW has a beta of 0.71, meaning it tends to be less sensitive to market movements. ADOCW has a correlation of 0.00 to the broad based SPY ETF.

ADOCW has a market cap of $0.00. This is considered a Sub-Micro Cap stock.

ADOCW has underperformed the market in the last year with a price return of -82.6% while the SPY ETF lost -10.5%. However, in the short term, ADOCW had mixed performance relative to the market. It has outperformed in the last 3 months, returning +80.2% vs +4.0% return in SPY. But in the last 2 weeks, ADOCW shares have been beat by the market, returning -0.5% compared to an SPY return of +3.2%.

ADOCW support price is $.02 and resistance is $.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ADOCW stock will trade within this expected range on the day.