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 upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Cyviz AS stock price gained 0.295% on the last trading day (Monday, 17th Jun 2024), rising from kr33.90 to kr34.00. During the last trading day the stock fluctuated 4.62% from a day low at kr32.50 to a day high of kr34.00. The price has been going up and down for this period, and there has been a -4.23% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately kr153.00 thousand.
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 6.84% during the next 3 months and, with a 90% probability hold a price between kr34.93 and kr38.71 at the end of this 3-month period.
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CYVIZ.OL Signals & Forecast
The Cyviz AS stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr34.09 and kr34.01. 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 -4.23%. Further fall is indicated until a new bottom pivot has been found. Some positive signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Cyviz AS has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
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 kr1.50 (4.62%) between high and low. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: kr32.59 (-4.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (CYVIZ.OL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cyviz AS to open at kr33.50, and during the day (based on 14 day Average True Range), to move between kr32.76 and kr35.24, which gives a possible trading interval of +/-kr1.24 (+/-3.66%) up or down from last closing price. If Cyviz AS takes out the full calculated possible swing range there will be an estimated 7.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr34.20 (0.59%) than the support at kr33.60 (1.18%), 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?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.284 Buy Candidate Upgraded
Predicted Opening Price for Cyviz AS of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr33.50 ( 1.47%) | kr34.00 |
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 | 35.00 | 2.94% |
| R2 | 34.43 | 1.26% |
| R1 | 34.07 | 0.215% |
| Price | 34.00 | |
| S1 | 32.93 | -3.16% |
| S2 | 32.57 | -4.20% |
| S3 | 32.00 | -5.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.50 | 1.47% |
| R2 | 34.30 | 0.88% |
| R1 | 34.20 | 0.588% |
| Price | 34.00 | |
| S1 | 33.60 | -1.18% |
| S2 | 33.30 | -2.06% |
| S3 | 32.00 | -5.88% |
FAQ
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