Evening Stock Analysis

$BWV $CYN $VERU Stock Market Recap 05/11/2022

$BWV $CYN $VERU all made moves on 05/11/2022. Here is an analysis of the stock price action.
Published: 05/11/2022 7:13 pm
Updated: 05/11/2022 7:16 pm
#bwv #cyn #veru #stocks #stock review #stock price analysis #stock market #investing
May 2022 | Money Placement

Below is an analysis of the stock price action for Blue Water Vaccines (BWV), Cyngn (CYN), Veru (VERU). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.

Blue Water Vaccines (BWV)

BWV saw a breakout today on news which has extended its momentum run. Right now it is holding the 6.10 level but on lower volume. It will need a lot more volume for a breakout over 6.50 and 6.90. If it can't sustain the momentum and hold 5.80 then it might see a retracement back to 5.

Shares: 10-25milIndustry: BiotechnologyCatalyst: Positive Company NewsATR: 3.00 - 5.00Time Frame: 1 Minute
Short Squeeze
Breakout Level: 6.9Breakout Level: 6.5Support: 6.1Support: 5.8
BWV Daily Chart

Cyngn (CYN)

CYN had a nice squeeze and breakout in extended hours yesterday, but it looks like its momentum might have finally come to an end after the big retracement today. Major weakness.

Shares: 25-50milCatalyst: TechnicalATR: 0.50 - 1.00Time Frame: Daily
Momentum Retracement
Resistance: 3.9Support: 3.65
CYN Daily Chart

Veru (VERU)

Looks like people were trying to get another momentum run from VERU but the news was not a strong enough catalyst to get buyers' attention for any possible squeeze.

Shares: 50-100milCatalyst: Positive Company NewsATR: 1.00 - 3.00Time Frame: 1 Minute
News Pop and Drop
Resistance: 9.75Resistance: 8.75Support: 8.1Support: 7.5
VERU Daily Chart

Recap

BWVCYNVERU
Shares: 10-25milIndustry: BiotechnologyCatalyst: Positive Company NewsATR: 3.00 - 5.00Time Frame: 1 MinuteShort SqueezeBreakout Level: 6.9Breakout Level: 6.5Support: 6.1Support: 5.8Shares: 25-50milCatalyst: TechnicalATR: 0.50 - 1.00Time Frame: DailyMomentum RetracementResistance: 3.9Support: 3.65Shares: 50-100milCatalyst: Positive Company NewsATR: 1.00 - 3.00Time Frame: 1 MinuteNews Pop and DropResistance: 9.75Resistance: 8.75Support: 8.1Support: 7.5