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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Check Point Software Technologies Ltd. stock price up 0.109% on Wednesday
(Updated on Sep 20, 2023)


Buy or Hold candidate since Aug 10, 2023 Gain 5.71% PDF

The Check Point Software Technologies Ltd. stock price gained 0.109% on the last trading day (Wednesday, 20th Sep 2023), rising from $137.31 to $137.46. During the last trading day the stock fluctuated 1.01% from a day low at $137.21 to a day high of $138.60. The price has risen in 8 of the last 10 days and is up by 2.69% over the past 2 weeks. Volume fell on the last day by -384 thousand shares and in total, 484 thousand shares were bought and sold for approximately $66.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $138.67 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 8.99% during the next 3 months and, with a 90% probability hold a price between $143.47 and $151.14 at the end of this 3-month period.

CHKP Signals & Forecast

The Check Point Software Technologies Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $135.79 and $132.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, August 09, 2023, and so far it has risen 8.78%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, March 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Thursday, March 30, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

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

Check Point Software Technologies Ltd. finds support from accumulated volume at $132.11 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 $1.39 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 1.47%.

Our recommended stop-loss: $132.46 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (CHKP) For The Upcoming Trading Day Of Thursday 21st

For the upcoming trading day on Thursday, 21st we expect Check Point Software Technologies Ltd. to open at $137.76, and during the day (based on 14 day Average True Range), to move between $135.38 and $139.54, which gives a possible trading interval of +/-$2.08 (+/-1.51%) 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 3.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $132.11, some $5.35 (3.89%) from the current price of $137.46, our system finds the risk reward attractive.

Is Check Point Software Technologies Ltd. stock A Buy?

Check Point Software Technologies Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 5.502 Open Broker Account

Strong Buy Candidate Unchanged

Predicted Opening Price for Check Point Software Technologies Ltd. of Thursday, September 21, 2023

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

Fair opening price September 21, 2023 Current price
$137.76 $137.46 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 139.15 1.23 %
R2 138.62 0.84 %
R1 138.29 0.602 %
Current price: 137.46
Support S1 137.23 -0.170 %
S2 136.90 -0.409 %
S3 136.37 -0.795 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 137.46
Support S1 132.11 -3.89%
S2 130.63 -4.97%
S3 126.19 -8.20%

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?
Check Point Software Technologies Ltd. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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 2023-09-20, the price of an Check Point Software Technologies Ltd. (CHKP) share was $137.46.

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 $138.60 and the 52-week low is $107.54.

What is the market capitalization of Check Point Software Technologies Ltd. Stock?
As of the 2023-09-20, the market capitalization of Check Point Software Technologies Ltd. is 16.064B.

When is the next earnings date for Check Point Software Technologies Ltd.?
The upcoming earnings date for Check Point Software Technologies Ltd. is 2023-10-26 00:00:00.

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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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