CHECK POINT SOFTWARE TECH (CHKP) Technical Analysis
NASDAQ:CHKP • IL0010824113
Current stock price
CHKP Technical Rating and Analysis
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. The S&P500 Index is trading in the upper part of its 52 week range, so CHKP is lagging the market.
- In the last month CHKP has a been trading in the 150.17 - 166.31 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- CHKP has an average volume of 1384640 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 277 other stocks in this industry, CHKP did better than 51% of them.
- Considerably lower volume is observed in the last couple of days.
CHKP Weekly and Daily overview Charts
CHKP Setup Rating and Analysis
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 152.06, a Stop Loss order could be placed below this zone.
More info and screens
CHKP Support and Resistance Analysis
149.00
When analyzing the support we notice one important area.
- A support zone ranging from 150.50 to 152.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 154.88 to 156.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 165.23 to 165.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @191.72 from a horizontal line in the daily time frame.
CHKP 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 | 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 | 13.71 | NEGATIVE | CHKP has a low relative strength, it was outperformed by 86.29% 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) | 38.62 | NEUTRAL | The RSI value for CHKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests CHKP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 17.34 | OVERSOLD | The low Stochastics value suggests CHKP may be oversold. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.73 | POSITIVE | The high ADX value value for CHKP suggests a strong trend. |
CHKP Chart- and CandleStick Pattern Analysis
CHKP Technicals: Chart, Performance Metrics, Trend & Indicators
152.73
-1.79 (-1.16%)
CHECK POINT SOFTWARE TECH / CHKP TA 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 38.6182. This indicates that the stock is currently neutral.
Can you provide the MACD signal for CHECK POINT SOFTWARE TECH?
The MACD indicator for CHECK POINT SOFTWARE TECH (CHKP) has a value of 0.399506, indicating a bearish trend.
What is the support and resistance level for CHKP stock?
CHECK POINT SOFTWARE TECH (CHKP) has a support level at 152.06 and a resistance level at 154.88. Check the full technical report for our detailed analysis of CHKP support and resistance levels.