NASDAQ:CYT - Nasdaq - US23284P1030 - Common Stock - Currency: USD
Taking everything into account, CYT scores 6 out of 10 in our technical rating. CYT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Although the technical rating is only medium, CYT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 3.01, a Stop Loss order could be placed below this zone.
2.81
We found 2 important support areas.
2 important resistance areas can be observed.
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 |
---|---|---|---|
3.11 | 2.98 | 0.13 (4.18%) | 23.92% |
An entry @3.11. This is a Buy Stop order right above the resistance zone. | An exit @2.98. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.13 points, which is 4.18%. | When investing 23.92% of your capital in this trade, your total portfolio risk will be 1.00%. |
3.02
-0.07 (-2.27%)