Cyberloq Technologies, Inc Stock Forecast

Cyberloq Technologies, Inc stock downgraded from Strong Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)

CLOQ Signals & Forecast

The Cyberloq Technologies, Inc 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 $0.145 and $0.132. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cyberloq Technologies, Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.133 and $0.130. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Cyberloq Technologies, Inc finds support just below today's level at $0.133. If this is broken, then the next support from accumulated volume will be at $0.130 and $0.125.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.357%

Our recommended stop-loss: $0.153 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CLOQ) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Cyberloq Technologies, Inc to open at $0.160, and during the day (based on 14 day Average True Range), to move between $0.154 and $0.166, which gives a possible trading interval of +/-$0.0060 (+/-3.77%) up or down from last closing price. If Cyberloq Technologies, Inc takes out the full calculated possible swing range there will be an estimated 7.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.160 (0.13%) than the support at $0.133 (16.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cyberloq Technologies, Inc stock A Buy?

Cyberloq Technologies, Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.

Current score: 0.477 Hold/Accumulate Downgraded

Predicted Opening Price for Cyberloq Technologies, Inc of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.