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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CYBR
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CyberArk Software Ltd. stock price ended at $258.00 on Friday, after gaining 0.561%.
(Updated on Jun 21, 2024)

Buy candidate since Jun 17, 2024 Gain 1.71% PDF

The CyberArk Software Ltd. stock price gained 0.561% on the last trading day (Friday, 21st Jun 2024), rising from $256.56 to $258.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.71% from a day low at $251.34 to a day high of $258.15. The price has risen in 9 of the last 10 days and is up by 8.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 233 thousand more shares were traded than the day before. In total, 779 thousand shares were bought and sold for approximately $201.08 million.

The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $244.44, a level that may pose a second chance to hit a runner. According to fan-theory $269.45 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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CYBR Signals & Forecast

Mostly positive signals in the chart today. The CyberArk Software Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $254.02 and $241.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 14.37%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for CyberArk Software Ltd. stock

CyberArk Software Ltd. finds support from accumulated volume at $249.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.81 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 2.15%.

The CyberArk Software Ltd. stock is extremely overbought on RSI14 (86). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the CyberArk Software Ltd. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $245.86 (-4.71%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (CYBR) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect CyberArk Software Ltd. to open at $255.83, and during the day (based on 14 day Average True Range), to move between $251.27 and $264.73, which gives a possible trading interval of +/-$6.73 (+/-2.61%) up or down from last closing price. If CyberArk Software Ltd. takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $263.18 (2.01%) than the support at $249.70 (3.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is CyberArk Software Ltd. stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 2.026 Buy Candidate Unchanged

Predicted Opening Price for CyberArk Software Ltd. of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$255.83 ( 0.84%) $258.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CYBR

Fibonacci Support & Resistance Levels

Level Price
R3 262.64 1.80%
R2 260.04 0.790%
R1 258.43 0.167%
Price 258.00
S1 253.23 -1.85%
S2 251.62 -2.47%
S3 249.02 -3.48%

Accumulated Volume Support & Resistance Levels

Level Price
R3 265.63 2.96%
R2 264.25 2.42%
R1 263.18 2.01%
Price 258.00
S1 249.70 -3.22%
S2 233.54 -9.48%
S3 229.90 -10.89%

FAQ

What is the symbol for CyberArk Software Ltd. Stock and on which exchange is it traded?
The symbol for CyberArk Software Ltd. is CYBR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CyberArk Software Ltd. Stock?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

How to buy CyberArk Software Ltd. Stock?
CyberArk Software Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CyberArk Software Ltd. Stock.

What's the current price of CyberArk Software Ltd. Stock?
As of the end of day on the Jun 21, 2024, the price of an CyberArk Software Ltd. (CYBR) share was $258.00.

What is the 52-week high and low for CyberArk Software Ltd. Stock?
The 52-week high for CyberArk Software Ltd. Stock is $283.00 and the 52-week low is $142.92.

What is the market capitalization of CyberArk Software Ltd. Stock?
As of the Jun 21, 2024, the market capitalization of CyberArk Software Ltd. is 11.07B.

When is the next earnings date for CyberArk Software Ltd.?
The upcoming earnings date for CyberArk Software Ltd. is Aug 08, 2024.
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About CyberArk Software Ltd.

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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