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 ended at $154.42 on Friday, after gaining 0.599%.
(Updated on May 24, 2024)

Sell candidate since May 23, 2024 Gain 0.60% PDF

The Check Point Software Technologies Ltd. stock price gained 0.599% on the last trading day (Friday, 24th May 2024), rising from $153.50 to $154.42. During the last trading day the stock fluctuated 1.04% from a day low at $152.83 to a day high of $154.42. The price has risen in 6 of the last 10 days and is up by 1.88% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 445 thousand shares were bought and sold for approximately $68.71 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.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -8.18% during the next 3 months and, with a 90% probability hold a price between $135.09 and $144.64 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CHKP Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 3.70%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. 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 $154.91. On a fall, the stock will find some support from the short-term average at $152.44. 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.

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

Check Point Software Technologies Ltd. finds support from accumulated volume at $152.95 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 $1.60 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CHKP) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Check Point Software Technologies Ltd. to open at $153.89, and during the day (based on 14 day Average True Range), to move between $151.91 and $156.93, which gives a possible trading interval of +/-$2.51 (+/-1.62%) 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 3.25% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $152.95 (0.95%) than the resistance at $160.80 (4.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Check Point Software Technologies Ltd. stock A Buy?

Check Point Software Technologies Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.924 Sell Candidate Unchanged

Predicted Opening Price for Check Point Software Technologies Ltd. of Tuesday, May 28, 2024

Fair opening price May 28, 2024 Current price
$153.89 ( 0.344%) $154.42

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 155.48 0.689 %
R2 154.87 0.294 %
R1 154.50 0.0503 %
Current price: 154.42
Support S1 153.28 -0.739 %
S2 152.90 -0.98 %
S3 152.29 -1.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 163.47 5.86 %
R2 161.00 4.26 %
R1 160.80 4.13 %
Current price 154.42
Support S1 152.95 -0.95%
S2 151.20 -2.09%
S3 148.91 -3.57%

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 negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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 May 24, 2024, the price of an Check Point Software Technologies Ltd. (CHKP) share was $154.42.

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 $121.85.

What is the market capitalization of Check Point Software Technologies Ltd. Stock?
As of the May 24, 2024, the market capitalization of Check Point Software Technologies Ltd. is 17.435B.

When is the next earnings date for Check Point Software Technologies Ltd.?
The upcoming earnings date for Check Point Software Technologies Ltd. is Jul 24, 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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