Free Lytix Biopharma A/S (LYTIX) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Buy Hold Hold
Last Update / Period
17 May / Daily
Category/Currency
Stocks/USD
Exchange/Country
XOSL/Norway

Lytix Biopharma A/S (LYTIX) signal with technical analysis on 17 May

On 17 May, we conducted a comprehensive technical analysis of Lytix Biopharma A/S (LYTIX), considering 256 signals with intricate details. Here are the key findings: 166 signals suggested buy strategies, while 12 indicated sell strategies. The remaining 78 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 34
Sell Signals: 9
Neutral Signals: 21
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 44
Sell Signals: 0
Neutral Signals: 20
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 44
Sell Signals: 1
Neutral Signals: 19
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 44
Sell Signals: 2
Neutral Signals: 18
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 166
Sell Signals: 12
Neutral Signals: 78
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Lytix Biopharma A/S (LYTIX) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Lytix Biopharma A/S (LYTIX) on , there appears to be a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and investment decisions should be made carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


Based on the signals, we offer the following recommendations:

Lytix Biopharma A/S (LYTIX) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, based on the consensus of our technical analysis signals, it is advised to maintain your current position with increased vigilance and caution. However, always be careful and closely monitor market developments.

Lytix Biopharma A/S (LYTIX) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to carefully time your exit based on the combination of technical analysis signals. If you have a high risk tolerance, consider waiting for potential market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it is advisable to consider the projected price range. This range represents a potential upside of 11.32%, determined by the highest predicted price. However, before initiating a buy position, conduct thorough research to ensure it fits your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial to managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend using the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions regarding your **Lytix Biopharma A/S (LYTIX)** holdings.

Lytix Biopharma A/S (LYTIX) Price Analysis and Resistance Levels:

Given our current long position in Lytix Biopharma A/S (LYTIX), analyzing key resistance levels is crucial to better understand its price movement. These resistance levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (8): The primary hurdle is the 8 price level. If the prevailing trend remains unchanged, Lytix Biopharma A/S (LYTIX) could break above this level, indicating its strength and potential for further growth.

Second resistance level (8.46): If the upward trend shows significant strength, Lytix Biopharma A/S (LYTIX) may cross the second resistance level at 8.46, signaling a significant upside move and a promising direction for our position.

Third resistance level (8.8): For a more comprehensive analysis, we should consider a scenario where Lytix Biopharma A/S (LYTIX) not only breaks the second resistance level but also holds its price above this benchmark. If this trend continues in the coming days, it could pave the way for Lytix Biopharma A/S (LYTIX) to reach the third resistance level at 8.8.
It's crucial to monitor these resistance levels closely and understand them within the context of overall market trends and indicators. To make informed decisions while trading Lytix Biopharma A/S (LYTIX), stay alert and continuously analyze the market. By considering these resistance levels and broader market dynamics, you can make smarter trading choices and better adapt to the evolving nature of this market.

Lytix Biopharma A/S (LYTIX) technical analysis chart

Lytix Biopharma A/S (LYTIX) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 8 8.46 8.8 10.8 15
Support 6.9 6.35 6.2 5.1 4.66
 Lytix Biopharma A/S (LYTIX) Support and Resistance area (17 May)  Lytix Biopharma A/S (LYTIX) Support and Resistance area (17 May)

Lytix Biopharma A/S (LYTIX) signals list for 17 May

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Lytix Biopharma A/S (LYTIX) candlestick patterns on 17 May

Today's Lytix Biopharma A/S (LYTIX) Candle Patterns List:

Belt-hold

Lytix Biopharma A/S (LYTIX) technical analysis over the past days

# Date Overal Signals ALL Signals
1 16 May Hold HoldHoldHoldHold
2 15 May Hold HoldHoldHoldHold
3 14 May Hold HoldHoldHoldHold
4 13 May Buy BuyHoldHoldHold
5 12 May Hold NeutralHoldHoldHold
6 09 May Buy BuyHoldHoldHold
7 08 May Hold NeutralHoldHoldHold
8 07 May Buy BuyBuyHoldHold
9 06 May Hold NeutralNeutralHoldHold
10 05 May Buy BuyBuyBuyHold
11 02 May Neutral NeutralNeutralNeutralHold
12 30 Apr Buy NeutralHoldHoldBuy
13 29 Apr Hold HoldHoldHoldNeutral
14 28 Apr Hold HoldHoldHoldHold
15 25 Apr Hold HoldHoldHoldHold
16 24 Apr Hold HoldHoldHoldHold
17 23 Apr Buy BuyBuyBuyBuy
18 22 Apr Hold NeutralNeutralNeutralNeutral
19 16 Apr Sell NeutralNeutralNeutralSell
20 15 Apr Buy HoldBuyBuyBuy
21 14 Apr Buy BuyNeutralNeutralNeutral
22 11 Apr Hold NeutralNeutralHoldHold
23 10 Apr Sell SellSellHoldHold
24 09 Apr Sell NeutralNeutralHoldHold
25 08 Apr Buy BuyNeutralHoldHold
26 07 Apr Sell SellHoldHoldHold
27 04 Apr Hold NeutralHoldHoldHold
28 03 Apr Hold HoldHoldHoldHold
29 02 Apr Hold HoldHoldHoldHold
30 01 Apr Hold HoldHoldHoldHold

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