CytoTools AG Stock Forecast
Red day on Friday for CytoTools AG stock after losing 0%
(Updated on May 10, 2024)
No changes to the price of CytoTools AG stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 0% from a day low at 0.406€ to a day high of 0.406€. The price has fallen in 4 of the last 10 days and is down by -13.25% for this period.
The stock lies in the middle of a very wide and strong 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 21.53% during the next 3 months and, with a 90% probability hold a price between 0.427€ and 0.714€ at the end of this 3-month period.
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T5O.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 17.34%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CytoTools AG 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 0.424€ and 0.412€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for CytoTools AG stock
CytoTools AG finds support from accumulated volume at 0.396€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 9.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (T5O.DE) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect CytoTools AG to open at 0.406€, and during the day (based on 14 day Average True Range), to move between 0.371€ and 0.441€, which gives a possible trading interval of +/-0.0346€ (+/-8.53%) up or down from last closing price. If CytoTools AG takes out the full calculated possible swing range there will be an estimated 17.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.408€ (0.49%) than the support at 0.396€ (2.46%), 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 CytoTools AG stock A Buy?
The CytoTools AG stock holds several negative signals and despite the positive trend, we believe CytoTools AG will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.087 Sell Candidate Unchanged
Predicted Opening Price for CytoTools AG of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| 0.406€ ( 0.00000000%) | 0.406€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for T5O.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.406 | 0.00000000 % | |
| R2 | 0.406 | 0.00000000 % | ||
| R1 | 0.406 | 0.00000000 % | ||
| Current price: | 0.406 | |||
| Support | S1 | 0.406 | 0.00000000 % | |
| S2 | 0.406 | 0.00000000 % | ||
| S3 | 0.406 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.458 | 12.81 % | |
| R2 | 0.418 | 2.96 % | ||
| R1 | 0.408 | 0.493 % | ||
| Current price | 0.406 | |||
| Support | S1 | 0.396 | -2.46% | |
| S2 | 0.374 | -7.88% | ||
| S3 | 0.346 | -14.78% |
FAQ
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