CYBIN INC (CYBN) Stock Technical Analysis
NYSEARCA:CYBN - NYSE Arca - CA23256X4075 - Common Stock - Currency: USD
Overall CYBN gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. CYBN was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CYBN is a bad performer in the overall market: 87% of all stocks are doing better.
CYBN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CYBN is lagging the market.
In the last month CYBN has a been trading in the 6.05 - 7.70 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CYBN is an average performer in the Pharmaceuticals industry, it outperforms 41% of 197 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CYBN has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
6.31
17.77
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.76 to 6.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.37 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @7.48 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.65 to 7.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @10.76 from a trend line in the weekly time frame.
- Resistance @17.59 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for CYBN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CYBN is up. |
| ChartMill Relative Strength | 13.07 | NEGATIVE | CYBN has a low relative strength, it was outperformed by 86.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CYBN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CYBN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CYBN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.98 | NEUTRAL | The RSI value for CYBN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CYBN has a positive trend. |
| Stochastics (14,3) | 72.73 | NEUTRAL | The Stochastics value for CYBN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for CYBN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.47 | NEUTRAL | The ADX value for CYBN suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.47
+0.21 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg2.89%
1 Week11.16%
2 Weeks5.96%
1 Month6.87%
3 Month-17.82%
6 Month-23.93%
12 Month-44.8%
2 Year-27.19%
3 Year-71.09%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%6.15%
ATR Inc-20.7%
Range Today0.5
ADR(20)0.45
ADR(20)%6.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.07
Mansfield-2.13
10 Day High7.7
10 Day Low6.25
20 Day High7.7
20 Day Low6.05
52 Week High13.88
52 Week Low4.81
CS1 End6.91
CR1 Start7.48
Volume & EV
DER(3)-3.14%
DER(5)-5.62%
Volume230.20K
Volume Incr192.59%
Vol(5)558.08K
Vol(50)264.66K