Technical Analysis for CYBN - Cybin Inc

Grade Last Price % Change Price Change
B 16.440 6.61% 1.020
CYBN closed up 6.61 percent on Friday, November 15, 2024, on 2.96 times normal volume. The stock crossed above its 200 day moving average, improving its long-term outlook by crossing above that critical trendline. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Crossed Above 200 DMA Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Gapped Up Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Crossed Above 20 DMA Bullish 6.61%
Inside Day Range Contraction 6.61%
Gapped Up Strength 6.61%
Fell Below 20 DMA Bearish 14.33%

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Profile

Cybin Inc Description

Cybin Inc., a clinical-stage biopharmaceutical company, focuses on developing psychedelic-based therapeutics for patients with mental health conditions. The company's development pipeline includes CYB003, a deuterated psilocybin analog, which is in phase 1/2a clinical trial to treat major depressive disorder (MDD), as well as in preclinical trials for alcohol use disorder; CYB004, a deuterated dimethyltryptamine (DMT), which completed phase 2 clinical trial for treating generalized anxiety disorders; SPL028 injectable deuterated DMT completed phase 1 clinical intramuscular and intravenous trial; SPL026 completed phase 1, 1b, and 1/2a for MDD; and CYB005, a phenethylamine derivative, which in preclinical stage to treat neuroinflammation, as well as has a research pipeline of investigational psychedelic-based compounds. The company has research and collaboration agreement with TMS Neurohealth Centers Inc. for development of psychedelic compound-based therapeutics; Kernel for use of Kernel flow technology to measure neural activity; and Greenbook TMS to establish mental health centers. The company is headquartered in Toronto, Canada.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Entheogens Biopharmaceutical Ayahuasca Major Depressive Disorder Serotonin Receptor Agonists

Is CYBN a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 27.36
52 Week Low 9.25
Average Volume 19,690
200-Day Moving Average 15.999
50-Day Moving Average 13.229
20-Day Moving Average 14.802
10-Day Moving Average 15.115
Average True Range 1.296
RSI (14) 61.54
ADX 43.03
+DI 33.001
-DI 13.076
Chandelier Exit (Long, 3 ATRs) 14.253
Chandelier Exit (Short, 3 ATRs) 17.237
Upper Bollinger Bands 16.503
Lower Bollinger Band 13.101
Percent B (%b) 0.98
BandWidth 22.983
MACD Line 0.615
MACD Signal Line 0.521
MACD Histogram 0.0933
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 19.650
Resistance 3 (R3) 19.860 19.000 19.115
Resistance 2 (R2) 19.000 18.183 18.895 18.937
Resistance 1 (R1) 17.720 17.677 18.360 17.510 18.758
Pivot Point 16.860 16.860 17.180 16.755 16.860
Support 1 (S1) 15.580 16.043 16.220 15.370 14.122
Support 2 (S2) 14.720 15.537 14.615 13.943
Support 3 (S3) 13.440 14.720 13.765
Support 4 (S4) 13.230