NASDAQ:CBAY - Nasdaq - US23257D1037 - Common Stock - Currency: USD
Overall CBAY gets a technical rating of 10 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, CBAY is showing a nice and steady performance.
CBAY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 32.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.44, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
26.42
3 important support areas can be observed.
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 |
---|---|---|---|
32.50 | 32.27 | 0.23 (0.71%) | 25.00% |
An entry @32.50. This is a Buy Stop order right above the resistance zone. | An exit @32.27. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.23 points, which is 0.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
32.48
+0.01 (+0.03%)