Cypress Semiconductor Corporation (CY)

CY stock forecast: buy or sell

CY stock outlook

  • After making new highs in mid-April, Cypress Semiconductor closed at $23.82 barely changing a 0%
  • It's been 8 consecutive sessions in positive for Cypress Semiconductor, gaining a 2.19%
  • Looking at the chart, price is drawing an scaled downtrend since last January with lower tops and lower bottoms. this downtrend marked a 1.71% loss.
  • In early April broke out above its latest top at $23.39
No ad for you

Important note:
The comments given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the specific scenarios of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives only

CY stock chart overview

Should I buy Cypress Semiconductor stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is CY stock a buy?

Currently, Cypress Semiconductor stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean CY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

No ad for you

Should I sell Cypress Semiconductor stock?

How to know when is it time to sell Cypress Semiconductor?. As when we have to buy shares, deciding when is appropiate to sell is not a capricious decision, and we must adhere our own trading style. When selling, as well as buying, our strategies are very simple to follow and are only valid for selling shares you already own, not for selling short Cypress Semiconductor stock

A guiding principle is that you should not hold an investment that results in higher than expected losses by the time of purchase. When to sell shares should always be ruled by the stop-loss (automatic or manual)

Is it time to sell Cypress Semiconductor stock?

In the current situation of Cypress Semiconductor there is not any eligible sell setup, so Cypress Semiconductor stock holders with operations in green can keep their positions

No ad for you

Analysts' recommendations to buy or sell Cypress Semiconductor stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last month for Cypress Semiconductor

No ad for you

Technical analysis

Downtrend breakout

CY at All-time Highs

In mid-April, Cypress Semiconductor hit new all-time highs (ATH) again at $23.84. Stock surged fast in the last 10 sessions, cracking new all-time highs 5 times

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show market direction. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Traders use supports and resistances to identify price points on a chart that tend to behave as barriers, containing the price of a stock to move up or down. Supports are levels where the price tends to stop as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it is likely to continue falling until finding another support level. On the other side, resistances are where the price tends to find resistance as it rises. In the same manner, the price is more likely to "rebound" at this level, and if it finally breaches this level, the price will climb more easily until it hits the next resistance

Price is at all-time highs and there are not upper resistances.

The current supports are:

  • S1: $23.42 (-1.68% below)
  • S2: $23.39 (-1.81% below)
  • S3: $23.33 (-2.06% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It consists of three bands that are outlined superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that measures price action to reveal when the share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI moves in a range from 0 to 100. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The RSI crossed up the oversold line of 30 in mid-March after just being in the oversold zone for a single day (what can be considered a strength sign). The RSI reading in mid-April was 59.14. Since RSI left the oversold zone, Cypress Semiconductor price skyrocketed a 56.61%

    No ad for you

    Earnings and financials

    Cypress Semiconductor Corporation (CY) posted EPS for the fiscal first-quarter that slightly enhanced Market expectations. Quarterly EPS was $0.23 per share vs. $0.22. This quarterly report represents an earnings surprise of 4.55%. On the contrary, the company reported turnover for Q1 was $520.9 million in line with analysts' estimates.

    Same quarter one year ago, reported EPS was $0.27, so recently posted EPS means a reduction of -14.81%. Looking at revenue, figures only changed compared to $539.0M same quarter 12 months ago.

    CY will host the quarterly earnings call on Thursday next week. Wall Street analysts predict a per-share earnings of %s of $0.27, that is a 17.39% more than Q1. If you hold or you are looking to buy CY shares, you must be on alert as the financial reporting day usually has a higher than usual volatility, and price can gap up or down with very low liquidity and not honouring your buy or stop-loss orders.

    No ad for you