CYAN.L Forecast and Technical Stock Analysis
Sell candidate since 2019-07-16 Loss -30.51%
CYANOTECH CORP gained 3.80% in the last trading day ( Thursday, 22nd Aug 2019 ), rising from £0.04 to £0.04 During the day the stock fluctuated 3.19% from a day low at £0.04 to a day high of £0.04. The price has been going up and down for this period, and there has been a -7.87% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 233 164 more shares were traded than the day before. In total, 449 319 shares bought and sold for approximately £18 422.10.
- 30 day high of the CYAN.L stock price was £0.05 and low was £0.04.
- 90 day high was £0.07 and low was £0.04.
- 52 week high for CYANOTECH CORP - £10.00 and low - £0.04.
CYANOTECH CORP lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.68% during the next 3 months and, with 90% probability hold a price between £0.03 and £0.04 at the end of this period.
A buy signal was issued from a pivot bottom point on Wednesday August 21, 2019, which indicates further gains until a new top pivot has been found. CYANOTECH CORP has rising 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. CYANOTECH CORP holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £0.04 and £0.05. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 20 - 85 ]
The stock currently holds a RSI14 at 19 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
CYANOTECH CORP finds support from accumulated volume at £0.04.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.00 between high and low, or 3.19%. For the last week, the stock has had a daily average volatility of 4.76%.
CYANOTECH CORP is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.76 %Average volatility
Very Low Low Medium High Very High
CYANOTECH CORP holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!