CHECK POINT SOFTWARE TECH (CHKP) Stock Technical Analysis
NASDAQ:CHKP - Nasdaq - IL0010824113 - Common Stock - Currency: USD
We assign a technical rating of 0 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.
When comparing the yearly performance of all stocks, CHKP is a bad performer in the overall market: 81% of all stocks are doing better.
CHKP is one of the lesser performing stocks in the Software industry. 62% of 282 stocks in the same industry do better.
CHKP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month CHKP has a been trading in the 182.49 - 225.23 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Volume is considerably higher in the last couple of days.
The technical rating of CHKP is bad and it also does not present a quality setup 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
181.48
232.50
When analyzing the support we notice one important area.
- A support zone ranging from 183.31 to 183.31. 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 192.76 to 193.63. 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 210.34 to 213.12. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for CHKP is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHKP is down. |
| ChartMill Relative Strength | 19.28 | NEGATIVE | CHKP has a low relative strength, it was outperformed by 80.72% 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) | 25.96 | OVERSOLD | The low RSI value suggests CHKP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.81 | NEGATIVE | The MACD value suggests CHKP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 6.22 | OVERSOLD | The low Stochastics value suggests CHKP may be oversold. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 29.61 | POSITIVE | The high ADX value value for CHKP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
183.32
-1.71 (-0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.92%
1 Week-2.79%
2 Weeks-16.71%
1 Month-14.93%
3 Month-16.04%
6 Month-13.63%
12 Month-0.58%
2 Year36.21%
3 Year52.46%
5 Year45.19%
10 Year135%
15 Year425.72%
Volatility
ATR(14)6.88
ATR(20)%3.47%
ATR Inc-20.62%
Range Today5.3
ADR(20)5.61
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.28
Mansfield-1.79
10 Day High222.22
10 Day Low182.49
20 Day High225.23
20 Day Low182.49
52 Week High234.36
52 Week Low169.02
CS1 End183.31
CR1 Start192.76
Volume & EV
DER(3)4.2%
DER(5)1.87%
Volume747.70K
Volume Incr14.19%
Vol(5)1.21M
Vol(50)888.47K