In the meantime, Aegis Capital initiated its Cyngn Inc [CYN] rating to a Buy in a research note published on November 16, 2021; the price target was $13.
Price Performance Review of CYN
On Friday, Cyngn Inc [NASDAQ:CYN] saw its stock fall -28.84% to $0.06. Over the last five days, the stock has lost -77.70%. Cyngn Inc shares have fallen nearly -92.91% since the year began. Nevertheless, the stocks have fallen -99.70% over the past one year. While a 52-week high of $25.88 was reached on 01/02/25, a 52-week low of $0.07 was recorded on 02/07/25. SMA at 50 days reached $1.9306, while 200 days put it at $5.1581.
Levels Of Support And Resistance For CYN Stock
The 24-hour chart illustrates a support level at 0.0555, which if violated will result in even more drops to 0.0507. On the upside, there is a resistance level at 0.0665. A further resistance level may holdings at 0.0727. The Relative Strength Index (RSI) on the 14-day chart is 21.71, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2392, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.38%. Stochastics %K at 1.86% indicates the stock is a buying.
How much short interest is there in Cyngn Inc?
A steep rise in short interest was recorded in Cyngn Inc stocks on 2024-10-15, dropping by 78143.0 shares to a total of 0.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.2 million shares. There was a decline of -65.07%, which implies that there is a negative sentiment for the stock.
