Weaker Buy Today CHKP ranks #274 as BUY CANDIDATE. Stronger Buy
Today CHKP ranks #274 as BUY CANDIDATE.

CHKP stock Check Point Software Technologies Ltd.

CHKP stock
Check Point Software Technologies Ltd.

March 22, 2019
Change -0.58%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Will CHKP stock price go up or down on Tue, 26 Mar 2019?

Check Point Software Technologies Ltd. Forecast and Stock Analysis

Technical CHKP stock analysis for March 22, 2019.

Buy candidate since 2019-02-25 Gain 3.00%
Shorts n/a
Cash n/a
Loans n/a
Beta 0.79
ROA 14.55

Check Point Software Technologies Ltd. fell by -0.58% in the last day from $126.16 to $125.43 The price has risen in 7 of the last 10 days and is up by 5.46% over the past 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 -705 410 shares and in total 758 487 shares bought and sold for approximately $95.14 million.

Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the CHKP stock was $125.43. This is 0.58% less than the trading day before Thursday, 21st Mar 2019.

During day the stock fluctuated 0.87% from a day low at $125.11 to a day high of $126.20.

30 day high of the CHKP stock price was $128.11 and low was $117.07.
90 day high was $128.11 and low was $98.57.
52 week high for the Check Point Software Technologies Ltd. - $128.11 and low - $93.76.

Trend

Check Point Software Technologies Ltd. lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.86% during the next 3 months and, with 90% probability hold a price between $153.85 and $162.76 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Check Point Software Technologies Ltd. holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $125.68. On a fall, the stock will find some support from the long-term average at approximately $120.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Monday March 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.

The stock had a Golden Star Signal* on Thursday January 17, 2019 in the short-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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $110.93 and $110.76.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Check Point Software Technologies Ltd. finds support just below today's level at $110.93. If this is broken, then the next support from accumulated volume will be at $110.76 and $109.64.

Support: $110.93 Price: $125.43 Resistance: $125.64

Risk

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 $1.09 (0.87%) between high and low. For the last week, the stock has had a daily average volatility of 1.52%.

Our recommended stoploss: $120.10 (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Weaker Buy Today CHKP ranks #274 as BUY CANDIDATE. Stronger Buy
Today CHKP ranks #274 as BUY CANDIDATE.