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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CYAN
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Cyanotech Corporation stock price fell more than -6.92% Tuesday closing at $0.303
(Updated on Jun 11, 2024)

Sell candidate since Jun 11, 2024 PDF

The Cyanotech Corporation stock price fell by -6.92% on the last day (Tuesday, 11th Jun 2024) from $0.325 to $0.303. During the last trading day the stock fluctuated 0% from a day low at $0.303 to a day high of $0.303. The price has risen in 5 of the last 10 days and is up by 6.14% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -584 shares and in total, 100 shares were bought and sold for approximately $30.25 .

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.288 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.11% during the next 3 months and, with a 90% probability hold a price between $0.297 and $0.484 at the end of this 3-month period.

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CYAN Signals & Forecast

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. The Cyanotech Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.360 and $0.320. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -20.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cyanotech Corporation stock

Cyanotech Corporation finds support from accumulated volume at $0.300 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". 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%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CYAN) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Cyanotech Corporation to open at $0.303, and during the day (based on 14 day Average True Range), to move between $0.276 and $0.329, which gives a possible trading interval of +/-$0.0263 (+/-8.70%) up or down from last closing price. If Cyanotech Corporation takes out the full calculated possible swing range there will be an estimated 17.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.305 (0.83%) than the support at $0.300 (0.83%), 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 Cyanotech Corporation stock A Buy?

The Cyanotech Corporation stock holds several negative signals and despite the positive trend, we believe Cyanotech Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.024 Sell Candidate Downgraded

Predicted Opening Price for Cyanotech Corporation of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$0.303 ( 0%) $0.303

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

Trading levels for CYAN

Fibonacci Support & Resistance Levels

Level Price
R3 0.303 -
R2 0.303 -
R1 0.303 -
Price 0.303
S1 0.303 -
S2 0.303 -
S3 0.303 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.350 15.74%
R2 0.330 9.09%
R1 0.305 0.83%
Price 0.303
S1 0.300 -0.83%
S2 0.291 -3.97%
S3 0.290 -4.13%

FAQ

What is the symbol for Cyanotech Corporation Stock and on which exchange is it traded?
The symbol for Cyanotech Corporation is CYAN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cyanotech Corporation Stock?
The Cyanotech Corporation stock holds several negative signals and despite the positive trend, we believe Cyanotech Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Cyanotech Corporation Stock?
Cyanotech Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cyanotech Corporation Stock.

What's the current price of Cyanotech Corporation Stock?
As of the end of day on the Jun 11, 2024, the price of an Cyanotech Corporation (CYAN) share was $0.303.

What is the 52-week high and low for Cyanotech Corporation Stock?
The 52-week high for Cyanotech Corporation Stock is $1.15 and the 52-week low is $0.120.

What is the market capitalization of Cyanotech Corporation Stock?
As of the Jun 11, 2024, the market capitalization of Cyanotech Corporation is 2.083M.

When is the next earnings date for Cyanotech Corporation?
The upcoming earnings date for Cyanotech Corporation is Jun 25, 2024.
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About Cyanotech Corporation

Cyanotech Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae worldwide. The company's products include BioAstin Hawaiian Astaxanthin, a dietary antioxidant to enhance skin, and to support eye, joint and immune health, as well as used as a human dietary supplement and dietary ingredient; and Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement, which is used for extra energy, strengt... CYAN Profile

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