High volatility in Cyngn Inc. stock price on Monday which ended trading at $0.186

The Cyngn Inc. stock price gained 202.60% on the last trading day (Monday, 10th Feb 2025), rising from $0.0615 to $0.186. During the last trading day the stock fluctuated 143.21% from a day low at $0.0810 to a day high of $0.197. The price has fallen in 7 of the last 10 days and is down by -57.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 billion more shares were traded than the day before. In total, 2 billion shares were bought and sold for approximately $368.14 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.506 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

A buy signal was issued from a pivot bottom point on Friday, February 07, 2025, and so far it has risen 202.60%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cyngn Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.560. On a fall, the stock will find some support from the short-term average at $0.125. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.116 between high and low, or 143.21%. For the last week, the stock has had daily average volatility of 53.04%.

Cyngn Inc. is oversold on RSI14 (21). Some stock may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Cyngn Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.