NASDAQ:CY - Nasdaq -
We assign a technical rating of 10 out of 10 to CY. Both in the recent history as in the last year, CY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CY also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 23.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.81, a Stop Loss order could be placed below this zone.
16.34
We found 4 important support areas.
We found 1 important resistance area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
23.84 | 23.17 | 0.67 (2.81%) | 25.00% |
An entry @23.84. This is a Buy Stop order right above the resistance zone. | An exit @23.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.67 points, which is 2.81%. | For a 0.70% total portfolio risk, you can invest 25.00% of your capital in this trade. |
NASDAQ:CY (4/16/2020, 5:20:04 PM)
23.82
0 (0%)