CyberArk Software (CYBR) has been stuck in a sideways trading range since last June and my favorite technical indicators are not suggesting a breakout any time soon.
But don't take my word for it. Look at the charts below and see if you agree.
In this daily bar chart of CYBR, above, you should be able to quickly see the sideways trading range for the past 12 months. Rallies up around the $56 area have run out of steam and declines down near $45 or so have found some support and buying interest. Prices are below the declining 50-day and 200-day moving average lines, but it will not take much of a rally to put CYBR back above these indicators.
The On-Balance-Volume (OBV) line has moved up and down with the price action and is holding around the same levels as seen earlier in the year. The Moving Average Convergence Divergence (MACD) oscillator has crossed above and below the zero line several times in the past 12 months.
In this weekly chart of CYBR, above, we can see the sideways trading range with prices crossing above and below the 40-week moving average line. The weekly OBV line is featureless and the MACD oscillator has been hugging the zero line for months.
Bottom line: Things can always change, but for now it looks like CYBR is stuck in a sideways trading range known as the Twilight Zone.