CHECK POINT SOFTWARE TECH (CHKP) Stock Technical Analysis
NASDAQ:CHKP • IL0010824113
We assign a technical rating of 0 out of 10 to CHKP. CHKP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than CHKP.
- CHKP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CHKP has a been trading in the 150.17 - 185.42 range, which is quite wide. It is currently trading near the lows of this range.
- CHKP has an average volume of 1307600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CHKP is part of the Software industry. There are 275 other stocks in this industry, CHKP did better than 52% of them.
- Volume is considerably higher in the last couple of days.
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.
More info and screens
150.55
We can see 5 important resistance areas.
- Resistance @173.86 from a trend line in the daily time frame.
- Resistance @182.13 from a trend line in the daily time frame.
- Resistance @191.72 from a horizontal line in the daily time frame.
- Resistance @198.48 from a horizontal line in the daily time frame.
- Resistance @203.56 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 | 13.57 | NEGATIVE | CHKP has a low relative strength, it was outperformed by 86.43% off all stocks 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) | 29.09 | OVERSOLD | The low RSI value suggests CHKP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.45 | NEGATIVE | The MACD value suggests CHKP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 8.7 | OVERSOLD | The low Stochastics value suggests CHKP may be oversold. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 36.48 | POSITIVE | The high ADX value value for CHKP suggests a strong trend. |
152.07
-2.73 (-1.76%)
CHECK POINT SOFTWARE TECH / CHKP FAQ
What is the technical rating for CHKP stock?
ChartMill assigns a technical rating of 0 / 10 to CHKP.
Can you provide the trend direction for CHECK POINT SOFTWARE TECH?
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 29.0882. This indicates that the stock is currently oversold.
Can you provide the MACD signal for CHECK POINT SOFTWARE TECH?
The MACD indicator for CHECK POINT SOFTWARE TECH (CHKP) has a value of -1.45238, indicating a bearish trend.
What is the support and resistance level for CHKP stock?
CHECK POINT SOFTWARE TECH (CHKP) has a resistance level at 173.86. Check the full technical report for our detailed analysis of CHKP support and resistance levels.