Cyviz AS Stock Forecast

Volatile ride for Cyviz AS stock price on Thursday moving between kr31.10 and kr35.30
(Updated on May 16, 2024)

CYVIZ.OL Signals & Forecast

The Cyviz AS stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr34.67. On a fall, the stock will find some support from the long-term average at approximately kr33.32. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -2.83%. Further fall is indicated until a new bottom pivot has been found. Cyviz AS gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Cyviz AS stock

Cyviz AS finds support from accumulated volume at kr33.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr4.20 (13.50%) between high and low. For the last week, the stock has had daily average volatility of 5.61%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CYVIZ.OL) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Cyviz AS to open at kr33.57, and during the day (based on 14 day Average True Range), to move between kr32.85 and kr35.75, which gives a possible trading interval of +/-kr1.45 (+/-4.22%) up or down from last closing price. If Cyviz AS takes out the full calculated possible swing range there will be an estimated 8.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr34.50 (0.58%) than the support at kr33.60 (2.04%), 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 Cyviz AS stock A Buy?

Cyviz AS 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: -3.642 Sell Candidate Unchanged

Predicted Opening Price for Cyviz AS of Tuesday, May 21, 2024

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