CHECK POINT SOFTWARE TECH (CHKP) Stock Technical Analysis
USA - NASDAQ:CHKP - IL0010824113 - Common Stock
We assign a technical rating of 1 out of 10 to CHKP. CHKP has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of CHKP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
178.91
When analyzing the support we notice one important area.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 195.78 to 197.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 202.25 to 206.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 230.20 to 230.20. 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 | 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 | 48.32 | 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) | DOWN | NEGATIVE | The current price of CHKP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.28 | NEUTRAL | The RSI value for CHKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.54 | NEGATIVE | The MACD value suggests CHKP has a negative trend. |
| Stochastics (14,3) | 5.53 | OVERSOLD | The low Stochastics value suggests CHKP may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 18.5 | NEGATIVE | The low ADX value for CHKP suggests a weak or negative trend. |
183.93
-1.71 (-0.92%)
CHECK POINT SOFTWARE TECH / CHKP FAQ
What is the technical rating for CHKP stock?
ChartMill assigns a technical rating of 1 / 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 34.2802. 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 183.31 and a resistance level at 195.78. Check the full technical report for our detailed analysis of CHKP support and resistance levels.