We assign a technical rating of 2 out of 10 to CHKP. CHKP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CHKP has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 187.62, a Stop Loss order could be placed below this zone.
More info and screens
178.91
We found 2 important support areas.
- Support @187.62 from a horizontal line in the daily time frame.
- A support zone ranging from 180.72 to 183.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 188.69 to 194.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 204.66 to 206.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @231.31 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for CHKP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHKP is down. |
| ChartMill Relative Strength | 37.12 | NEUTRAL | CHKP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CHKP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CHKP is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHKP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.06 | NEUTRAL | The RSI value for CHKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests CHKP has a negative trend. |
| Stochastics (14,3) | 25.3 | NEUTRAL | The Stochastics value for CHKP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.44 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for CHKP suggests a weak or negative trend. |
188.58
-1.05 (-0.56%)
CHECK POINT SOFTWARE TECH / CHKP FAQ
What is the technical rating for CHKP stock?
ChartMill assigns a technical rating of 2 / 10 to CHKP.
What is the trend direction for CHKP stock?
The current trend direction for CHECK POINT SOFTWARE TECH (CHKP) is Bearish.
What is the RSI signal for CHKP stock?
CHECK POINT SOFTWARE TECH (CHKP) has an RSI value of 46.0621. This indicates that the stock is currently neutral.
What is the short term momentum for CHECK POINT SOFTWARE TECH (CHKP) stock?
The short term momentum for CHECK POINT SOFTWARE TECH (CHKP) is negative.
What is the support and resistance level for CHKP stock?
CHECK POINT SOFTWARE TECH (CHKP) has a support level at 187.62 and a resistance level at 188.69. Check the full technical report for our detailed analysis of CHKP support and resistance levels.