Learn to Evaluate (CYBR) using the Charts

October 20, 2024, 23:04 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for CYBR

• Buy CYBR near 289 target 316.46 stop loss @ 288.17 Details

The technical summary data tells us to buy CYBR near 289 with an upside target of 316.46. This data also tells us to set a stop loss @ 288.17 to protect against excessive loss in case the stock begins to move against the trade. 289 is the first level of support below 299.98 , and by rule, any test of support is a buy signal. In this case, support 289 is being tested, a buy signal would exist.

• Short CYBR slightly under 316.46, target 289, stop loss @ 317.37 Details

The technical summary data is suggesting a short of CYBR as it gets near 316.46 with a downside target of 289. We should have a stop loss in place at 317.37though. 316.46 is the first level of resistance above 299.98, and by rule, any test of resistance is a short signal. In this case, if resistance 316.46 is being tested, a short signal would exist.

Swing Trading Plans for CYBR

• Buy CYBR slightly over 305.89, target 316.46, Stop Loss @ 305.01 Details

If 305.89 begins to break higher, the technical summary data tells us to buy CYBR just slightly over 305.89, with an upside target of 316.46. The data also tells us to set a stop loss @ 305.01 in case the stock turns against the trade. 305.89 is the first level of resistance above 299.98, and by rule, any break above resistance is a buy signal. In this case, 305.89, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CYBR slightly near 305.89, target 297.97, Stop Loss @ 306.77. Details

The technical summary data is suggesting a short of CYBR if it tests 305.89 with a downside target of 297.97. We should have a stop loss in place at 306.77 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 305.89, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CYBR

• Buy CYBR slightly over 302.59, target 305.89, Stop Loss @ 301.88 Details

If 302.59 begins to break higher, the technical summary data tells us to buy CYBR just slightly over 302.59, with an upside target of 305.89. The data also tells us to set a stop loss @ 301.88 in case the stock turns against the trade. 302.59 is the first level of resistance above 299.98, and by rule, any break above resistance is a buy signal. In this case, 302.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short CYBR slightly near 302.59, target 297.97, Stop Loss @ 303.3. Details

The technical summary data is suggesting a short of CYBR if it tests 302.59 with a downside target of 297.97. We should have a stop loss in place at 303.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 302.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Cyberark Software Ltd. (CYBR) available here: CYBR.

CYBR Ratings for October 20:

Term →	Near	Mid	Long
Rating	Strong	Strong	Strong
P1	0	0	262.36
P2	296.81	297.97	289
P3	302.59	305.89	316.46

AI Generated Signals for CYBR

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Cyberark Software Ltd. (NASDAQ: CYBR) report below can help you understand how to do this. The trading plans for CYBR, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.