Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, which purpose is to provide a relative definition of high and low. This defintion is used to identify buy and sell signals and have proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. Get-A-Graph uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Bottlenecks in bandwidth indicates a upcoming change. Break up through the moving average line, or continuously movements above the moving average line indicates a break up, and vice versa downwards.
CHKP Forecast and Technical Stock Analysis
Hold candidate since 2019-07-18 Loss -0.68%
Check Point Software Technologies Ltd. fell by -0.68% in the last day ( Friday, 19th Jul 2019 ) from $116.88 to $116.08 During the day the stock fluctuated 1.66% from a day low at $116.02 to a day high of $117.95. The price has fallen in 8 of the last 10 days and is down by -2.91% for this period. Volume has increased in the last day by 47 401 shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 791 124 shares bought and sold for approximately $91.83 million.
- 30 day high of the CHKP stock price was $120.99 and low was $112.01.
- 90 day high was $121.50 and low was $108.59.
- 52 week high for Check Point Software Technologies Ltd. - $132.76 and low - $98.57.
Check Point Software Technologies Ltd. is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Check Point Software Technologies Ltd. with a 90% probability to be traded between $106.89 and $118.27 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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 $117.27. On a fall, the stock will find some support from the long-term average at approximately $115.26. 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. A buy signal was issued from a pivot bottom point on Wednesday July 17, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 52 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Check Point Software Technologies Ltd. finds support from accumulated volume at $114.18.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.93 (1.66%) between high and low. For the last week, the stock has had daily average volatility of 1.70%.
Our recommended stop-loss: $110.09 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.70 %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 further development.
|CHKP $116.08 ($-0.80 -0.68%)|
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