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High volatility in Cyberlux Corporation stock price on Tuesday which ended trading at $0.0360

StockInvest.us, 3 months ago


The Cyberlux Corporation stock price gained 12.50% on the last trading day (Tuesday, 21st Sep 2021), rising from $0.0320 to $0.0360. , and has now gained 9 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 44.62% from a day low at $0.0325 to a day high of $0.0470. The price has risen in 8 of the last 10 days and is up by 138.41% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 402 million shares were bought and sold for approximately $14.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $0.0237, a level that may pose a second chance to hit a runner.

Cyberlux Corporation

The Cyberlux Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0224 and $0.0164. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 30, 2021, and so far it has risen 224.32%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

On the downside, the stock finds support just below today's level from accumulated volume at $0.0320.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0145 between high and low, or 44.62%. For the last week, the stock has had a daily average volatility of 32.79%.

The Cyberlux Corporation stock is extremely overbought on RSI14 (91). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.Since the Cyberlux Corporation has been rising for 9 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Cyberlux Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Check full Cyberlux Corporation forecast and analysis here.