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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CHKP
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Stronger technical forecast for Check Point Software Technologies Ltd. stock price after Tuesday trading.
(Updated on Apr 23, 2024)

Buy candidate since Apr 23, 2024 PDF

The Check Point Software Technologies Ltd. stock price gained 1.27% on the last trading day (Tuesday, 23rd Apr 2024), rising from $158.79 to $160.80. During the last trading day the stock fluctuated 1.24% from a day low at $159.42 to a day high of $161.40. The price has been going up and down for this period, and there has been a -1.8% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 317 thousand more shares were traded than the day before. In total, 930 thousand shares were bought and sold for approximately $149.60 million.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Check Point Software Technologies Ltd. stock with a 90% probability to be traded between $156.93 and $168.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CHKP Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.55%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Check Point Software Technologies Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $162.47. On a fall, the stock will find some support from the short-term average at $158.35. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Check Point Software Technologies Ltd. stock

Check Point Software Technologies Ltd. finds support from accumulated volume at $158.93 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.98 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.44%.

Our recommended stop-loss: $152.09 (-5.41%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (CHKP) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Check Point Software Technologies Ltd. to open at $160.54, and during the day (based on 14 day Average True Range), to move between $158.09 and $163.51, which gives a possible trading interval of +/-$2.71 (+/-1.68%) up or down from last closing price. If Check Point Software Technologies Ltd. takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $162.45 (1.03%) than the support at $158.93 (1.16%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Check Point Software Technologies Ltd. will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.01. We will update the financials statements for Check Point Software Technologies Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.82% in the first trading day after earnings release.

Is Check Point Software Technologies Ltd. stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Check Point Software Technologies Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.236 Buy Candidate Upgraded

Predicted Opening Price for Check Point Software Technologies Ltd. of Wednesday, April 24, 2024

Fair opening price April 24, 2024 Current price
$160.54 ( 0.162%) $160.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CHKP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 162.52 1.07 %
R2 161.76 0.599 %
R1 161.30 0.309 %
Current price: 160.80
Support S1 159.78 -0.632 %
S2 159.32 -0.92 %
S3 158.56 -1.39 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 166.28 3.41 %
R2 163.47 1.66 %
R1 162.45 1.03 %
Current price 160.80
Support S1 158.93 -1.16%
S2 156.39 -2.74%
S3 154.87 -3.69%

FAQ

What is the symbol for Check Point Software Technologies Ltd. Stock and on which exchange is it traded?
The symbol for Check Point Software Technologies Ltd. is CHKP and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Check Point Software Technologies Ltd. Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Check Point Software Technologies Ltd. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Check Point Software Technologies Ltd. Stock?
Check Point Software Technologies Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Check Point Software Technologies Ltd. Stock.

What's the current price of Check Point Software Technologies Ltd. Stock?
As of the end of day on the Apr 23, 2024, the price of an Check Point Software Technologies Ltd. (CHKP) share was $160.80.

What is the 52-week high and low for Check Point Software Technologies Ltd. Stock?
The 52-week high for Check Point Software Technologies Ltd. Stock is $168.82 and the 52-week low is $117.18.

What is the market capitalization of Check Point Software Technologies Ltd. Stock?
As of the Apr 23, 2024, the market capitalization of Check Point Software Technologies Ltd. is 18.155B.

When is the next earnings date for Check Point Software Technologies Ltd.?
The upcoming earnings date for Check Point Software Technologies Ltd. is Apr 25, 2024.
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About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd. Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things... CHKP Profile

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