CHECK POINT SOFTWARE TECH (CHKP) Technical Analysis
NASDAQ:CHKP • IL0010824113
Current stock price
CHKP Technical Rating and Analysis
Taking everything into account, CHKP scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, CHKP is a bad performer in the overall market: 90% of all stocks are doing better.
- CHKP is one of the lesser performing stocks in the Software industry. 63% of 272 stocks in the same industry do better.
- 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.
- CHKP has an average volume of 1186940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CHKP has a been trading in the 130.93 - 151.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHKP Weekly and Daily overview Charts
CHKP Setup Rating and Analysis
Although the technical rating is bad, CHKP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
CHKP Support and Resistance Analysis
132.47
When analyzing the support we can see 2 important areas.
- A support zone ranging from 137.45 to 138.51. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 133.81 to 134.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 148.41 to 150.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @170.99 from a trend line in the daily time frame.
- 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 | 10 | NEGATIVE | CHKP has a low relative strength, it was outperformed by 90% 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) | 45.56 | NEUTRAL | The RSI value for CHKP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests CHKP has a positive trend. |
| Stochastics (14,3) | 36.53 | NEUTRAL | The Stochastics value for CHKP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for CHKP suggests some volalility. |
| Average Directional Index/ADX (14) | 30.64 | 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
139.29
+1.18 (+0.85%)
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.
What is the current trend direction of CHECK POINT SOFTWARE TECH (CHKP) stock?
The current trend direction for CHECK POINT SOFTWARE TECH (CHKP) is Bearish.
What is the RSI signal for CHECK POINT SOFTWARE TECH (CHKP) stock?
CHECK POINT SOFTWARE TECH (CHKP) has an RSI value of 45.559. This indicates that the stock is currently neutral.
What is the short term momentum for CHKP stock?
The short term momentum for CHECK POINT SOFTWARE TECH (CHKP) is negative.
What is the support and resistance level for CHKP stock?
CHECK POINT SOFTWARE TECH (CHKP) has a support level at 138.51 and a resistance level at 148.41. Check the full technical report for our detailed analysis of CHKP support and resistance levels.