Cyviz AS Stock Forecast

Cyviz AS stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 18, 2024)

CYVIZ.OL Signals & Forecast

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. The Cyviz AS 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 kr34.00 and kr34.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -5.35%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Cyviz AS stock

Cyviz AS finds support from accumulated volume at kr33.30 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 controlled movements and therefore the general risk is considered 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 kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.63%.

Our recommended stop-loss: kr32.18 (-4.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (CYVIZ.OL) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Cyviz AS to open at kr33.60, and during the day (based on 14 day Average True Range), to move between kr32.41 and kr34.79, which gives a possible trading interval of +/-kr1.19 (+/-3.53%) up or down from last closing price. If Cyviz AS takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr33.30 (0.89%) than the resistance at kr34.20 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cyviz AS stock A Buy?

Cyviz AS holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.341 Hold/Accumulate Downgraded

Predicted Opening Price for Cyviz AS of Thursday, June 20, 2024

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