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Check Point Software Technologies Ltd. Stock Forecast NASDAQ:CHKP

$110.32 (-1.13%)

Volume: 651k

Closed: Nov 26, 2021

Hollow Logo Score: -2.558

Check Point Software Technologies Ltd. Stock Forecast

$110.32 (-1.13%)

Volume: 651k

Closed: Nov 26, 2021

Score Hollow Logo -2.558
Which way will CHKP go? Request
Key Stats
P/E Ratio 18.30
Beta 0.62
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 25 and the stock is currently not being overbought or oversold

Red day on Friday for Check Point Software Technologies Ltd. stock after losing 1.13%
(Updated on Nov 26, 2021)

Sell candidate since 2021-11-10 Loss -5.95%

The Check Point Software Technologies Ltd. stock price fell by -1.13% on the last day (Friday, 26th Nov 2021) from $111.58 to $110.32. During the day the stock fluctuated 2.87% from a day low at $110.05 to a day high of $113.21. The price has fallen in 7 of the last 10 days and is down by -6.24% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -352 thousand shares and in total, 651 thousand shares were bought and sold for approximately $71.82 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $108.99 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.99% during the next 3 months and, with a 90% probability hold a price between $103.55 and $115.37 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Check Point Software Technologies Ltd. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $113.13 and $117.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, October 22, 2021, and so far it has fallen -10.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $3.16 between high and low, or 2.87%. For the last week the stock has had a daily average volatility of 1.94%.

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

Is Check Point Software Technologies Ltd. stock A Buy?

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

Current score: -2.558

Predicted Opening Price for Check Point Software Technologies Ltd. of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$111.19 $110.32 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 16, 2021 "Credit Suisse Group" gave "$100.00" rating for CHKP. The price target was set to $117.00+0.0%.

Volatility and Risk
Daily Average Volatility: 1.94 %
Overall Risk: Very High High Medium Low Very Low
1.94 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $111.57
Price: $110.32
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 114.35 3.66 %
113.15 2.56 %
112.40 1.89 %
Current price: 110.32
Support 109.99 -0.30 %
109.24 -0.98 %
108.03 -2.07 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 119.60 8.41 %
118.73 7.62 %
111.57 1.13 %
Current price 110.32
Support 0 .
0 .
0 .

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About Check Point Software Technologies Ltd.

Check Point Software Technologies Ltd Check Point Software Technologies Ltd. offers software and combined hardware products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. Its solutions for data centers and enterprises include data center and enterprise network security appliances; integrated appliance solutions that provide integrated software and hardware bundles, and direct supp... Read more

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