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Cyanotech Corporation Stock Forecast NASDAQ:CYAN

$3.74 (6.25%)

Volume: 60k

Closed: Dec 08, 2021

Hollow Logo Score: 8.406

Cyanotech Corporation Stock Forecast

$3.74 (6.25%)

Volume: 60k

Closed: Dec 08, 2021

Score Hollow Logo 8.406
Which way will CYAN go? Request
Stop-loss: $3.61 (-3.50%)
Key Stats
Beta 0.32
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 75 and the stock is currently not being overbought or oversold

Cyanotech Corporation stock price up more than 6.25% on Wednesday
(Updated on Dec 08, 2021)

Buy or Hold candidate since 2021-11-03 Gain 17.24%

The Cyanotech Corporation stock price gained 6.25% on the last trading day (Wednesday, 8th Dec 2021), rising from $3.52 to $3.74. , and has now gained 6 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 9.46% from a day low at $3.49 to a day high of $3.82. The price has risen in 9 of the last 10 days and is up by 20.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 32 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately $226.23 thousand.

The stock has broken the 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 $3.61, a level that may pose a second chance to hit a runner. According to fan-theory $4.05 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Signals & Forecast

Mostly positive signals in the chart today. The Cyanotech 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 $3.51 and $3.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 10.65%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Cyanotech Corporation has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $3.34 and $3.33. There is 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, Cyanotech Corporation finds support just below today's level at $3.34. If this is broken, then the next support from accumulated volume will be at $3.33 and $3.26.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.33 between high and low, or 9.46%. For the last week, the stock has had a daily average volatility of 6.17%.

Since the Cyanotech Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $3.61 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is Cyanotech Corporation stock A Buy?

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Cyanotech Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.406

Predicted Opening Price for Cyanotech Corporation of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$3.68 $3.74 (Overvalued)
Strong Buy Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 6.17 %
Overall Risk: Very High High Medium Low Very Low
6.17 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

No Resistance Found
Price: $3.74
Support: $3.34

CYAN Insider Trading Show all Trades



Last 100 transactions
Buy: 418 415 | Sell: 82 663 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Buy 18 000 Davis Michael A / Cyanotech Corporation Common Stock
Nov 30, 2021 Buy 18 000 Davis Michael A / Cyanotech Corporation Common Stock
Oct 18, 2021 Buy 11 228 Katz Nancy E Cyanotech Corporation Common Stock
Oct 18, 2021 Buy 11 228 Menzel Walter Bennett Cyanotech Corporation Common Stock
Oct 18, 2021 Buy 11 228 Vied David L Cyanotech Corporation Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 418 415 | Sell: 82 663 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.01 7.31 %
3.89 3.94 %
3.81 1.86 %
Current price: 3.74
Support 3.56 -4.89 %
3.48 -6.97 %
3.35 -10.34 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 3.74
Support 3.34 -10.70%
3.33 -10.96%
3.26 -12.83%

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About Cyanotech Corporation

Cyanotech Cyanotech Corporation engages in the cultivation, production, and sale of natural products derived from microalgae for the human nutrition market worldwide. The company’s products include Hawaiian Spirulina Pacifica, a nutrient-rich dietary supplement that is used for extra energy, a strengthened immune system, cardiovascular benefits, and as a source of antioxidant carotenoids; and Hawaiian BioAstin natural astaxanthin, a dietary antioxidant, w... Read more

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