Check Point Software Technologies Ltd. Forecast and Stock Analysis
Technical CHKP stock analysis for Wednesday June 19, 2019.
Check Point Software Technologies Ltd. gained 1.32% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $112.74 to $114.23 During day the stock fluctuated 2.31% from a day low at $112.01 to a day high of $114.60. The price has been going up and down for this period, and there has been a 1.68% gain for the last 2 weeks. Volume fell in the last day by -97 350 shares, and in total, 709 045 shares bought and sold for approximately $80.99 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the CHKP stock price was $119.79 and low was $108.59.
- 90 day high was $132.76 and low was $108.59.
- 52 week high for the Check Point Software Technologies Ltd. - $132.76 and low - $95.67.
Check Point Software Technologies Ltd. lies in the middle of a wide and 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 -12.76% during the next 3 months and, with 90% probability hold a price between $92.55 and $103.93 at the end of this period.
A buy signal was issued from a pivot bottom point on Monday June 03, 2019, which indicates further gains 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 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. Check Point Software Technologies Ltd. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $115.10. On a fall, the stock will find some support from the short-term average at $113.31. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Check Point Software Technologies Ltd. finds support from accumulated volume at $113.40.
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 $2.59 (2.31%) between high and low. For the last week, the stock has had a daily average volatility of 1.85%.
Our recommended stoploss: $108.67 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 12 days ago.)
1.85 %Average volatility
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. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Hold/Accumulate.
|Golden Star Signal|
Get competitive edge
The signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
|CHKP $114.23 ($1.49 1.32%)|
CHKP is up $1.49 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for CHKP based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the CHKP analysis is free »
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us