SBF AG(FRA:CY1K) stock Technical Analysis

Technical Rating and Analysis

Overall CY1K gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CY1K is showing a nice and steady performance.

Warning: CY1K has an average volume of 5810 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

CY1K is part of the Electrical Equipment industry. There are 52 other stocks in this industry. CY1K outperforms 96% of them.

CY1K is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so CY1K is performing more or less in line with the market.

CY1K is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.

Looking at the yearly performance, CY1K did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CY1K has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.56

8.24

When analyzing the support we notice one important area.

A support zone ranging from 7.64 to 7.64. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

Resistance @8.16 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for CY1K.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CY1K.DE is up.
ChartMill Relative Strength	99.18	POSITIVE	CY1K.DE has a high relative strength, it outperformed 99.18% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CY1K.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of CY1K.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of CY1K.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.85	NEUTRAL	The RSI value for CY1K.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests CY1K.DE has a negative trend.
Stochastics (14,3)	72.97	NEUTRAL	The Stochastics value for CY1K.DE is a neutral value.
Average True Range in percent/ATR (20)	6.31	HIGH VOLATILITY	The high ATR as a percentage value for CY1K.DE suggests high volalility.
Average Directional Index/ADX (14)	43.89	POSITIVE	The high ADX value value for CY1K.DE suggests a strong trend.