CHECKPOINT SYS INC (CKP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CKP - US1628251035
Taking everything into account, CKP scores 7 out of 10 in our technical rating. In the last year, CKP was one of the better performers, but we do observe some doubts in the very recent evolution.
- Both the short term and long term trends are positive. This is a very positive sign.
- CKP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CKP is lagging the market slightly.
- CKP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, CKP did better than 87% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month CKP has a been trading in a tight range between 10.10 and 10.30.
CKP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.14. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.14, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
10.00
When analyzing the support we notice one important area.
- A support zone ranging from 10.10 to 10.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.14 to 10.36. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CKP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CKP is up. |
| ChartMill Relative Strength | 87.47 | POSITIVE | CKP has a high relative strength, it outperformed 87.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CKP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CKP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CKP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.88 | NEUTRAL | The RSI value for CKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests CKP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.11 | NEUTRAL | The Stochastics value for CKP is a neutral value. |
| Average True Range in percent/ATR (20) | 0.48 | LOW VOLATILITY | The low ATR as a percentage value for CKP suggests low volalility. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.18 | 10.11 | 0.07 (0.69%) | 25.00% |
| An entry @10.18. This is a Buy Stop order right above the 10 day high. | An exit @10.11. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.69%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.17%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.14
0 (0%)
CHECKPOINT SYS INC / CKP FAQ
What is the technical rating for CKP stock?
ChartMill assigns a technical rating of 6 / 10 to CKP.
Can you provide the trend direction for CHECKPOINT SYS INC?
The current trend direction for CHECKPOINT SYS INC (CKP) is Bullish.
What is the RSI signal for CHECKPOINT SYS INC (CKP) stock?
CHECKPOINT SYS INC (CKP) has an RSI value of 58.8791. This indicates that the stock is currently neutral.
What is the MACD signal for CKP stock?
The MACD indicator for CHECKPOINT SYS INC (CKP) has a value of -0.0264278, indicating a bearish trend.
What is the short term momentum for CKP stock?
The short term momentum for CHECKPOINT SYS INC (CKP) is positive.