Taking everything into account, CHKP scores 0 out of 10 in our technical rating. 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.
- When comparing the yearly performance of all stocks, CHKP is a bad performer in the overall market: 70% of all stocks are doing 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.
- CHKP is part of the Software industry. There are 277 other stocks in this industry. CHKP outperforms 72% of them.
- In the last month CHKP has a been trading in the 179.12 - 195.41 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Volume is considerably higher in the last couple of days.
CHKP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 181.40, a Stop Loss order could be placed below this zone.
More info and screens
178.91
We found 1 important support area.
- A support zone ranging from 180.72 to 181.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 188.05 to 191.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 204.66 to 206.92. 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 | 30.11 | 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) | 44.23 | NEUTRAL | The RSI value for CHKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CHKP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 50.93 | NEUTRAL | The Stochastics value for CHKP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 15.56 | NEGATIVE | The low ADX value for CHKP suggests a weak or negative trend. |
185.54
-3 (-1.59%)
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 44.233. 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 0.0710572, indicating a bearish trend.
What is the support and resistance level for CHKP stock?
CHECK POINT SOFTWARE TECH (CHKP) has a support level at 181.4 and a resistance level at 188.05. Check the full technical report for our detailed analysis of CHKP support and resistance levels.