Cyviz AS Stock Forecast

Cyviz AS stock downgraded to Sell Candidate
(Updated on Jun 25, 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 kr33.69 and kr34.04. 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. 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 kr33.30 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr2.30 between high and low, or 6.85%. For the last week the stock has had daily average volatility of 2.34%.

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 Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Cyviz AS to open at kr34.37, and during the day (based on 14 day Average True Range), to move between kr32.45 and kr34.75, which gives a possible trading interval of +/-kr1.15 (+/-3.43%) up or down from last closing price. If Cyviz AS takes out the full calculated possible swing range there will be an estimated 6.87% 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?

The Cyviz AS stock holds several negative signals and despite the positive trend, we believe Cyviz AS will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.420 Sell Candidate Downgraded

Predicted Opening Price for Cyviz AS of Wednesday, June 26, 2024

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