CYBERARK SOFTWARE - Daily - Technical analysis published on 10/23/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 98.13 USD
My targets
86.48 USD (-11.71%)
79.84 USD (-18.49%)
My analysis
CYBERARK SOFTWARE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 98.13 USD. The next support located at 86.48 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 79.84 USD. Below this support, sellers could then target 55.20 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
7.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CYBERARK SOFTWARE price is 97.95 USD. The price has increased by +0.98% since the last closing and was between 94.30 USD and 99.73 USD. This implies that the price is at +3.87% from its lowest and at -1.78% from its highest.94.30
99.73
97.95
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CYBERARK SOFTWARE:
Technical
Technical analysis of CYBERARK SOFTWARE in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
Support of triangle is broken
Type : Bearish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 55.20 | 79.84 | 86.48 | 97.95 | 98.13 | 119.89 | 135.77 |
| Change (%) | -43.64% | -18.49% | -11.71% | - | +0.18% | +22.40% | +38.61% |
| Change | -42.75 | -18.11 | -11.47 | - | +0.18 | +21.94 | +37.82 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 91.27 | 94.14 | 95.57 | 98.43 | 99.86 | 102.73 | 104.16 |
| Camarilla | 95.82 | 96.21 | 96.61 | 97.00 | 97.39 | 97.79 | 98.18 |
| Woodie | 90.56 | 93.78 | 94.85 | 98.07 | 99.15 | 102.37 | 103.44 |
| Fibonacci | 94.14 | 95.78 | 96.79 | 98.43 | 100.07 | 101.09 | 102.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 85.99 | 91.33 | 95.25 | 100.59 | 104.51 | 109.85 | 113.77 |
| Camarilla | 96.63 | 97.48 | 98.33 | 99.18 | 100.03 | 100.88 | 101.73 |
| Woodie | 85.29 | 90.98 | 94.55 | 100.24 | 103.81 | 109.50 | 113.07 |
| Fibonacci | 91.33 | 94.86 | 97.05 | 100.59 | 104.12 | 106.31 | 109.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.01 | 84.41 | 92.12 | 104.52 | 112.23 | 124.63 | 132.34 |
| Camarilla | 94.29 | 96.13 | 97.98 | 99.82 | 101.66 | 103.51 | 105.35 |
| Woodie | 69.66 | 83.24 | 89.77 | 103.35 | 109.88 | 123.46 | 129.99 |
| Fibonacci | 84.41 | 92.10 | 96.84 | 104.52 | 112.21 | 116.95 | 124.63 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.77 | |
| MACD (12,26,9): | -2.1300 | |
| Directional Movement: | -22.47 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 99.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 106.21 | |
| Elder Ray (13): | -4.08 | |
| Super Trend (3,10): | 108.76 | |
| Zig ZAG (10): | 98.07 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 22.67 | |
| TEMA (21): | 100.00 | |
| Williams %R (14): | -70.18 | |
| Chande Momentum Oscillator (20): | -7.56 | |
| Repulse (5,40,3): | -1.6300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2500 | |
| Courbe Coppock: | 3.62 |
| MA7: | 100.56 | |
| MA20: | 101.93 | |
| MA50: | 106.48 | |
| MA100: | 119.09 | |
| MAexp7: | 99.91 | |
| MAexp20: | 102.08 | |
| MAexp50: | 107.52 | |
| MAexp100: | 112.25 | |
| Price / MA7: | -2.60% | |
| Price / MA20: | -3.90% | |
| Price / MA50: | -8.01% | |
| Price / MA100: | -17.75% | |
| Price / MAexp7: | -1.96% | |
| Price / MAexp20: | -4.05% | |
| Price / MAexp50: | -8.90% | |
| Price / MAexp100: | -12.74% |
News
Don"t forget to follow the news on CYBERARK SOFTWARE. At the time of publication of this analysis, the latest news was as follows:
- CyberArk Software Ltd. to Host Earnings Call
-
Cyberark Software CEO: Securing a Rebound? | Mad Money | CNBC
- CyberArk Software Ltd. to Host Earnings Call
- Investor Network: CyberArk Software Ltd. to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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