CyberArk Software Ltd. Stock Forecast
CyberArk Software Ltd. stock downgraded to Sell Candidate
(Updated on Mar 24, 2023)
The CyberArk Software Ltd. stock price fell by -1.45% on the last day (Friday, 24th Mar 2023) from $145.94 to $143.82. During the last trading day the stock fluctuated 2.61% from a day low at $142.17 to a day high of $145.88. The price has been going up and down for this period, and there has been a 2.9% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 303 thousand shares were bought and sold for approximately $43.55 million.
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The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.95% during the next 3 months and, with a 90% probability hold a price between $165.42 and $187.62 at the end of this 3-month period.
CYBR Signals & Forecast
There are mixed signals in the stock today. The CyberArk Software Ltd. stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $145.36. On a fall, the stock will find some support from the short-term average at $142.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 03, 2023, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for CyberArk Software Ltd. stock
CyberArk Software Ltd. finds support from accumulated volume at $143.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.71 (2.61%) between high and low. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CYBR) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect CyberArk Software Ltd. to open at $143.96, and during the day (based on 14 day Average True Range), to move between $138.91 and $148.73, which gives a possible trading interval of +/-$4.91 (+/-3.42%) up or down from last closing price. If CyberArk Software Ltd. takes out the full calculated possible swing range there will be an estimated 6.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $143.75 (0.05%) than the resistance at $145.30 (1.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is CyberArk Software Ltd. stock A Buy?
CyberArk Software Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.908 Open Broker Account
Sell Candidate DowngradedPredicted Opening Price for CyberArk Software Ltd. of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 27, 2023 | Current price |
|---|---|
| $143.96 | $143.82 (Undervalued) |
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Trading levels for CYBR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 147.67 | 2.67 % | |
| R2 | 146.25 | 1.69 % | ||
| R1 | 145.37 | 1.08 % | ||
| Current price: | 143.82 | |||
| Support | S1 | 142.54 | -0.89 % | |
| S2 | 141.66 | -1.50 % | ||
| S3 | 140.25 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 149.23 | 3.76 % | |
| R2 | 146.85 | 2.11 % | ||
| R1 | 145.30 | 1.03 % | ||
| Current price | 143.82 | |||
| Support | S1 | 143.75 | -0.0487% | |
| S2 | 127.85 | -11.10% | ||
| S3 | 116.87 | -18.74% |
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About CyberArk Software Ltd.
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and ... CYBR Profile
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