CHECK POINT SOFTWARE TECH (CHKP) Stock Technical Analysis
NASDAQ:CHKP - Nasdaq - IL0010824113 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CHKP. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CHKP did better than 93% of all other stocks. On top of that, CHKP also shows a nice and consistent pattern of rising prices.
CHKP is one of the better performing stocks in the Software industry, it outperforms 86% of 285 stocks in the same industry.
CHKP is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so CHKP slightly outperforms the market at the moment.
CHKP has an average volume of 1052930 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 200.05 - 234.35 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, CHKP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 230.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 214.95, a Stop Loss order could be placed below this zone.
More info and screens
172.02
233.63
We found 6 important support areas.
- A support zone ranging from 208.19 to 214.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @199.57 from a trend line in the weekly time frame.
- Support @196.05 from a trend line in the daily time frame.
- Support @192.32 from a trend line in the weekly time frame.
- Support @188.99 from a horizontal line in the daily time frame.
- Support @173.76 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 230.20 to 231.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.4
Mansfield2.25
10 Day High226.11
10 Day Low200.05
20 Day High234.36
20 Day Low200.05
52 Week High234.36
52 Week Low145.75
Performance
1 Week0.55%
2 Weeks-4.04%
1 Month-6.19%
3 Month14.42%
6 Month4.23%
12 Month36.09%
2 Year68.78%
3 Year70.21%
5 Year103.29%
10 Year157.5%
15 Year503.48%
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)
Technical Indicators
MACD(12,26,9)-0.91
RSI(14)44.68
LBB206.77
UBB232.32
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 |
|---|---|---|---|
| 216.30 | 208.18 | 8.11 (3.75%) | 25.00% |
| An entry @216.29. This is a Buy Stop order right above the 10 day moving average. | An exit @208.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.11 points, which is 3.75%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- The distance between exit and entry is rather small compared to the average daily movement of CHKP. Please evaluate whether better entry and exit points can be found.
- 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.
214.96
+0.02 (+0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.01%
1 Week0.55%
2 Weeks-4.04%
1 Month-6.19%
3 Month14.42%
6 Month4.23%
12 Month36.09%
2 Year68.78%
3 Year70.21%
5 Year103.29%
10 Year157.5%
15 Year503.48%
Volatility
ATR(14)8.62
ATR(20)%3.55%
ATR Inc-17.7%
Range Today3.53
ADR(20)7.42
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.4
Mansfield2.25
10 Day High226.11
10 Day Low200.05
20 Day High234.36
20 Day Low200.05
52 Week High234.36
52 Week Low145.75
CS1 End214.95
CR1 Start230.2
Volume & EV
DER(3)1.45%
DER(5)0.73%
Volume824.90K
Volume Incr-15.73%
Vol(5)868.50K
Vol(50)1.05M