Cyviz AS Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Cyviz AS stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The Cyviz AS stock price fell by -0.297% on the last day (Tuesday, 25th Jun 2024) from kr33.70 to kr33.60. During the last trading day the stock fluctuated 6.85% from a day low at kr33.60 to a day high of kr35.90. The price has fallen in 5 of the last 10 days and is down by -1.75% for this period. Volume has increased on the last day by 33 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 35 thousand shares were bought and sold for approximately kr1.17 million.
The stock lies in the middle of a wide and weak 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 4.75% during the next 3 months and, with a 90% probability hold a price between kr34.20 and kr37.84 at the end of this 3-month period.
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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
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr34.37 ( 2.28%) | kr33.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CYVIZ.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.67 | 9.13% |
| R2 | 35.79 | 6.51% |
| R1 | 35.25 | 4.90% |
| Price | 33.60 | |
| S1 | 33.49 | -0.333% |
| S2 | 32.95 | -1.95% |
| S3 | 32.07 | -4.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.50 | 2.68% |
| R2 | 34.30 | 2.08% |
| R1 | 34.20 | 1.79% |
| Price | 33.60 | |
| S1 | 33.30 | -0.89% |
| S2 | 32.80 | -2.38% |
| S3 | 32.00 | -4.76% |
FAQ
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