Sunday, February 7, 2010

STOCK IN FOCUS: CYBER BAY CORPORATION (CYBR)

Figure 1. CYBR Price Chart

Price and moving averages:
CYBR has closed below its Short time moving average.
Short time moving average is currently above mid-time, and above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.

Bollinger Bands:

CYBR has closed below upper band by 32.1%.
Bollinger Bands are 97.1% wider than normal.
The large width of the bands suggest high volatility as compared to CYBR's normal range.  Therefore, the probability of volatility decreasing and prices entering (or remaining in) a trading range has increased for the near-term. The bands have been in this wide range for 18 bars.The probability of prices consolidating into a less volatile trading range increases the longer the bands remain in this wide range.

Historical Volatility:
50 day Historical Volatility is 82% (desired: greater than 40%).
6/100 day ratio Historical Volatility is 0.91 ( desired: less than 0.50).

Trend Direction and Strength:
CYBR is moving  up in a strong trend strength.

Support/Resistance Lines:
Support: 0.68
Resistance: 0.78 to 0.82

Figure 2. Other Technical Indicators
RSI:
The RSI shows overbought (above 70) and oversold (below 30) areas.  The current value of the RSI is 58.63.  This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.  The last signal was a sell 6 periods ago.

Stochastic:
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20).  The Stochastic Oscillator is 55.71.  This is not an overbought or oversold reading.  The last signal was a  buy 12 periods ago.

MACD:
Currently the MACD is bullish since it is trading above its signal line. The MACD crossed above its signal line 23 periods ago. The last signal was a buy  9 periods ago.

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