CHECK POINT SOFTWARE TECH (CHKP) Stock Technical Analysis
NASDAQ:CHKP - Nasdaq - IL0010824113 - Common Stock - Currency: USD
Overall CHKP gets a technical rating of 2 out of 10. CHKP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
CHKP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
CHKP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHKP is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
When comparing the performance of all stocks over the past year, CHKP turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
CHKP is an average performer in the Software industry, it outperforms 53% of 282 stocks in the same industry.
Although the technical rating is bad, CHKP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 216.57, a Stop Loss order could be placed below this zone.
More info and screens
202.10
235.81
2 important support areas can be observed.
- A support zone ranging from 214.49 to 216.57. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 204.14 to 206.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 219.35 to 222.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 230.20 to 233.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CHKP is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHKP is down. |
| ChartMill Relative Strength | 68.2 | NEUTRAL | CHKP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHKP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHKP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHKP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.06 | NEUTRAL | The RSI value for CHKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests CHKP has a negative trend. |
| Stochastics (14,3) | 25.69 | NEUTRAL | The Stochastics value for CHKP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 13.09 | NEGATIVE | The low ADX value for CHKP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
217.47
-0.6 (-0.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.28%
1 Week-1.71%
2 Weeks-0.88%
1 Month-0.8%
3 Month1.17%
6 Month15.76%
12 Month27.56%
2 Year64.49%
3 Year74.53%
5 Year73.49%
10 Year169.25%
15 Year539.24%
Volatility
ATR(14)5.39
ATR(20)%2.46%
ATR Inc-39.18%
Range Today2.72
ADR(20)5.31
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.2
Mansfield-0.17
10 Day High232.07
10 Day Low213.28
20 Day High232.07
20 Day Low213.28
52 Week High234.36
52 Week Low169.02
CS1 End216.57
CR1 Start219.35
Volume & EV
DER(3)-0.82%
DER(5)1.01%
Volume451.60K
Volume Incr-17.57%
Vol(5)612.72K
Vol(50)707.53K