Check Point Software Technologies Ltd. Stock Analysis
Technical stock analysis for 22 January 2019
|Cash||1 410.7 mill|
Check Point Software Technologies Ltd. fell by -0.17% in the last day from $106.84 to $106.66 The price has been going up and down for this period, and there has been a 1.71% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -150 309 shares and in total 812 473 shares bought and sold for approximately $86.66 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the CHKP stock was $106.66. This is 0.17% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.71% from a day low at $105.88 to a day high of $107.69.
30 day high of the CHKP stock price was $109.83 and low was $98.57.
90 day high was $114.45 and low was $98.57.
52 week high for the Check Point Software Technologies Ltd. - $120.81 and low - $93.76.
Check Point Software Technologies Ltd. lies the upper part of a wide and falling trend in the short term, and this will 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 $108.76 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -6.82% during the next 3 months and, with 90% probability hold a price between $90.58 and $101.35 at the end of this period.
Check Point Software Technologies Ltd. holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $105.64 and $106.00. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Check Point Software Technologies Ltd. finds support from accumulated volume at $106.28.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.81 (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 2.15%.
Our recommended stoploss: $102.27 (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
Check Point Software Technologies Ltd. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
|CHKP $106.66 $-0.18(-0.17%)|
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