Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Cyanotech Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)

Hold candidate since Mar 27, 2024 PDF

No changes to the price of Cyanotech Corporation stock on the last trading day (Wednesday, 27th Mar 2024). During the last trading day the stock fluctuated 0% from a day low at $0.291 to a day high of $0.291. The price has risen in 4 of the last 10 days but is still down by -6.28% for this period.

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. 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

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 $0.297 and $0.358. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 0.138%. 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).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation

Support, Risk & Stop-loss for Cyanotech Corporation stock

Cyanotech Corporation finds support from accumulated volume at $0.291 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 13.62%

Our recommended stop-loss: $0.273 (-6.05%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (CYAN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Cyanotech Corporation to open at $0.291, and during the day (based on 14 day Average True Range), to move between $0.243 and $0.339, which gives a possible trading interval of +/-$0.0476 (+/-16.37%) up or down from last closing price. If Cyanotech Corporation takes out the full calculated possible swing range there will be an estimated 32.74% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.291 (0.17%) than the resistance at $0.300 (3.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cyanotech Corporation stock A Buy?

Cyanotech Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Cyanotech Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.291 ( 0%) $0.291

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
Resistance R3 0.291 .
R2 0.291 .
R1 0.291 .
Current price: 0.291
Support S1 0.291 .
S2 0.291 .
S3 0.291 .

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.325 11.68 %
R2 0.311 6.87 %
R1 0.300 3.09 %
Current price 0.291
Support S1 0.291 -0.172%
S2 0.261 -10.27%
S3 0.240 -17.53%

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?
Cyanotech Corporation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate 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 2024-03-27, the price of an Cyanotech Corporation (CYAN) share was $0.291.

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 2024-03-27, the market capitalization of Cyanotech Corporation is 2.004M.

When is the next earnings date for Cyanotech Corporation?
The upcoming earnings date for Cyanotech Corporation is Jun 25, 2024.
Click to get the best stock tips daily for free!

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

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT