RSI low/high Values: [ 25 - 75 ]
* 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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Green day on Friday for Cyanotech Corporation stock after gaining 3.25%
(Updated on Sep 22, 2023)

Sell candidate since Sep 15, 2023 Loss -1.26% PDF

The Cyanotech Corporation stock price gained 3.25% on the last trading day (Friday, 22nd Sep 2023), rising from $0.765 to $0.790. During the last trading day the stock fluctuated 3.24% from a day low at $0.765 to a day high of $0.790. The price has been going up and down for this period, and there has been a -2.46% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately $2.02 thousand.

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The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.60% during the next 3 months and, with a 90% probability hold a price between $0.470 and $0.736 at the end of this 3-month period. 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.

CYAN Signals & Forecast

There are mixed signals in the stock today. The Cyanotech Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.790 and $0.797. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, August 30, 2023, and so far it has risen 25.36%. 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. The very low volume increases the risk and reduces the other technical signals issued.

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Support, Risk & Stop-loss for Cyanotech Corporation stock

Cyanotech Corporation finds support from accumulated volume at $0.761 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0248 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 12.62%.

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 Monday 25th

For the upcoming trading day on Monday, 25th we expect Cyanotech Corporation to open at $0.782, and during the day (based on 14 day Average True Range), to move between $0.726 and $0.85, which gives a possible trading interval of +/-$0.0640 (+/-8.10%) up or down from last closing price. If Cyanotech Corporation takes out the full calculated possible swing range there will be an estimated 16.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.80 (1.28%) than the support at $0.761 (3.66%), 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?

Cyanotech Corporation 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.

Current score: -2.753 Open Broker Account

Sell Candidate Unchanged

Predicted Opening Price for Cyanotech Corporation of Monday, September 25, 2023

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

Fair opening price September 25, 2023 Current price
$0.782 $0.790 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.81 2.09 %
R2 0.797 0.89 %
R1 0.791 0.153 %
Current price: 0.790
Support S1 0.772 -2.25 %
S2 0.766 -2.99 %
S3 0.757 -4.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.90 13.94 %
R2 0.81 1.94 %
R1 0.80 1.28 %
Current price 0.790
Support S1 0.761 -3.66%
S2 0.660 -16.46%
S3 0.650 -17.66%


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?
Cyanotech Corporation 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.

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 2023-09-22, the price of an Cyanotech Corporation (CYAN) share was $0.790.

What is the 52-week high and low for Cyanotech Corporation Stock?
The 52-week high for Cyanotech Corporation Stock is $2.42 and the 52-week low is $0.611.

What is the market capitalization of Cyanotech Corporation Stock?
As of the 2023-09-22, the market capitalization of Cyanotech Corporation is 5.109M.

When is the next earnings date for Cyanotech Corporation?
The upcoming earnings date for Cyanotech Corporation is 2023-11-07 00:00:00.

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About Cyanotech Corporation

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

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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