Cyberlux Stock Forecast
Volatile ride for Cyberlux stock price on Tuesday moving between $0.0025 and $0.0047
(Updated on May 07, 2024)
The Cyberlux stock price gained 23.68% on the last trading day (Tuesday, 7th May 2024), rising from $0.0038 to $0.0047. During the last trading day the stock fluctuated 88.00% from a day low at $0.0025 to a day high of $0.0047. The price has been going up and down for this period, and there has been a -6% loss for the last 2 weeks. Volume fell on the last day by -825 thousand shares and in total, 505 thousand shares were bought and sold for approximately $2.37 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.33% during the next 3 months and, with a 90% probability hold a price between $0.0049 and $0.0089 at the end of this 3-month period.
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CYBL Signals & Forecast
The Cyberlux stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.0041 and $0.0043. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 30.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cyberlux stock
Cyberlux finds support from accumulated volume at $0.0045 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 $0.0022 between high and low, or 88.00%. For the last week the stock has had daily average volatility of 50.81%.
Our recommended stop-loss: $0.0045 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (CYBL) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Cyberlux Corporation to open at $0.0040, and during the day (based on 14 day Average True Range), to move between $0.0030 and $0.0064, which gives a possible trading interval of +/-$0.0017 (+/-36.51%) up or down from last closing price. If Cyberlux Corporation takes out the full calculated possible swing range there will be an estimated 73.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0048 (2.13%) than the support at $0.0045 (4.26%), 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.
Earnings coming up
Cyberlux will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Cyberlux, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 45.97% in the first trading day after earnings release.
Is Cyberlux Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cyberlux stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.442 Buy Candidate Upgraded
Predicted Opening Price for Cyberlux Corporation of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $0.0040 ( 15.60%) | $0.0047 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYBL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0062 | 31.21 % | |
| R2 | 0.0053 | 13.32 % | ||
| R1 | 0.0048 | 2.28 % | ||
| Current price: | 0.0047 | |||
| Support | S1 | 0.0031 | -33.48 % | |
| S2 | 0.0026 | -44.53 % | ||
| S3 | 0.0018 | -62.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0055 | 17.02 % | |
| R2 | 0.0052 | 11.49 % | ||
| R1 | 0.0048 | 2.13 % | ||
| Current price | 0.0047 | |||
| Support | S1 | 0.0045 | -4.26% | |
| S2 | 0.0040 | -14.89% | ||
| S3 | 0.0038 | -20.21% |
FAQ
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