CHKP Technical Analysis - CHECK POINT SOFTWARE TECH

Technical Rating and Analysis

We assign a technical rating of 3 out of 10 to CHKP. In the past year, CHKP was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

When comparing the yearly performance of all stocks, CHKP is a bad performer in the overall market: 69% of all stocks are doing better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month CHKP has a been trading in the 190.26 - 208.28 range, which is quite wide. It is currently trading near the high of this range.

CHKP is part of the Software industry. There are 281 other stocks in this industry, CHKP did better than 50% of them.

CHKP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHKP is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHECK POINT SOFTWARE TECH / CHKP Weekly stock chart

CHECK POINT SOFTWARE TECH / CHKP Daily stock chart

Setup Rating and Analysis

CHKP has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

178.08

235.81

We found 3 important support areas.

A support zone ranging from 199.78 to 203.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @187.56 from a trend line in the weekly time frame.
A support zone ranging from 179.88 to 183.31. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

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.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for CHKP is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for CHKP is up.
ChartMill Relative Strength	31.21	NEUTRAL	CHKP is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of CHKP is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of CHKP is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of CHKP is below the rising SMA(200).
Relative Strength Index/RSI (14)	62.14	NEUTRAL	The RSI value for CHKP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.77	POSITIVE	The MACD value suggests CHKP has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.17	NEUTRAL	The Stochastics value for CHKP is a neutral value.
Average True Range in percent/ATR (20)	2.02	MEDIUM VOLATILITY	The ATR as a percentage value for CHKP suggests some volalility.
Average Directional Index/ADX (14)	24.21	NEUTRAL	The ADX value for CHKP suggests a possible start of a new trend.