Cypress Development Corp. Stock Forecast
Cypress Development Corp. stock price up more than 9.25% on Friday
(Updated on May 03, 2024)
The Cypress Development Corp. stock price gained 9.25% on the last trading day (Friday, 3rd May 2024), rising from $0.334 to $0.365. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.65% from a day low at $0.338 to a day high of $0.371. The price has risen in 6 of the last 10 days but is still down by -33.83% for this period. Volume fell on the last day by -83 thousand shares and in total, 130 thousand shares were bought and sold for approximately $47.33 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.310 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 37.92% during the next 3 months and, with a 90% probability hold a price between $0.427 and $1.01 at the end of this 3-month period.
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CYDVF Signals & Forecast
There are few to no technical positive signals at the moment. The Cypress Development Corp. 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 $0.384 and $0.531. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -45.28%. Further fall is indicated until a new bottom pivot has been found. 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 Cypress Development Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.340 and $0.300. There is a 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, Cypress Development Corp. finds support just below today's level at $0.340. If this is broken, then the next support from accumulated volume will be at $0.300 and $0.283.
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 $0.0327 between high and low, or 9.65%. For the last week the stock has had daily average volatility of 31.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CYDVF) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cypress Development Corp. to open at $0.358, and during the day (based on 14 day Average True Range), to move between $0.306 and $0.424, which gives a possible trading interval of +/-$0.0590 (+/-16.15%) up or down from last closing price. If Cypress Development Corp. takes out the full calculated possible swing range there will be an estimated 32.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.340 (6.93%) than the resistance at $0.400 (9.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cypress Development Corp. stock A Buy?
The Cypress Development Corp. stock holds several negative signals and despite the positive trend, we believe Cypress Development Corp. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.481 Sell Candidate Upgraded
Predicted Opening Price for Cypress Development Corp. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.358 ( 1.89%) | $0.365 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYDVF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.391 | 7.06 % | |
| R2 | 0.378 | 3.64 % | ||
| R1 | 0.371 | 1.53 % | ||
| Current price: | 0.365 | |||
| Support | S1 | 0.346 | -5.30 % | |
| S2 | 0.338 | -7.41 % | ||
| S3 | 0.325 | -10.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.450 | 23.29 % | ||
| R1 | 0.400 | 9.59 % | ||
| Current price | 0.365 | |||
| Support | S1 | 0.340 | -6.93% | |
| S2 | 0.300 | -17.81% | ||
| S3 | 0.283 | -22.47% |
FAQ
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