CHECK POINT SOFTWARE TECHNOLOGIES - Daily - Technical analysis published on 11/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 115.45 USD
My targets
119.28 USD (+2.26%)
126.75 USD (+8.67%)
My analysis
CHECK POINT SOFTWARE TECHNOLOGIES is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 115.45 USD. The next resistance located at 119.28 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 126.75 USD. After this resistance, buyers could then target 131.57 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHECK POINT SOFTWARE TECHNOLOGIES rating 116.64 USD. The price registered an increase of +0.31% on the session and was traded between 115.96 USD and 116.67 USD over the period. The price is currently at +0.59% from its lowest and -0.03% from its highest.115.96
116.67
116.64
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of CHECK POINT SOFTWARE TECHNOLOGIES indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 109.41 | 112.61 | 115.45 | 116.64 | 119.28 | 126.75 | 131.57 |
Change (%) | -6.20% | -3.46% | -1.02% | - | +2.26% | +8.67% | +12.80% |
Change | -7.23 | -4.03 | -1.19 | - | +2.64 | +10.11 | +14.93 |
Level | Major | Major | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 114.55 | 114.98 | 115.63 | 116.06 | 116.71 | 117.14 | 117.79 |
Camarilla | 115.98 | 116.08 | 116.18 | 116.28 | 116.38 | 116.48 | 116.58 |
Woodie | 114.66 | 115.04 | 115.74 | 116.12 | 116.82 | 117.20 | 117.90 |
Fibonacci | 114.98 | 115.39 | 115.65 | 116.06 | 116.47 | 116.73 | 117.14 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 107.97 | 109.49 | 112.46 | 113.98 | 116.95 | 118.47 | 121.44 |
Camarilla | 114.19 | 114.60 | 115.01 | 115.42 | 115.83 | 116.24 | 116.66 |
Woodie | 108.69 | 109.85 | 113.18 | 114.34 | 117.67 | 118.83 | 122.16 |
Fibonacci | 109.49 | 111.21 | 112.27 | 113.98 | 115.70 | 116.76 | 118.47 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 98.63 | 101.91 | 107.16 | 110.44 | 115.69 | 118.97 | 124.22 |
Camarilla | 110.06 | 110.85 | 111.63 | 112.41 | 113.19 | 113.97 | 114.76 |
Woodie | 99.62 | 102.40 | 108.15 | 110.93 | 116.68 | 119.46 | 125.21 |
Fibonacci | 101.91 | 105.17 | 107.18 | 110.44 | 113.70 | 115.71 | 118.97 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 70.07 | |
MACD (12,26,9): | 1.8800 | |
Directional Movement: | 12.67 | |
AROON (14): | 78.57 | |
DEMA (21): | 115.52 | |
Parabolic SAR (0,02-0,02-0,2): | 112.65 | |
Elder Ray (13): | 1.96 | |
Super Trend (3,10): | 111.08 | |
Zig ZAG (10): | 116.60 | |
VORTEX (21): | 1.2000 | |
Stochastique (14,3,5): | 94.72 | |
TEMA (21): | 116.84 | |
Williams %R (14): | -2.12 | |
Chande Momentum Oscillator (20): | 4.43 | |
Repulse (5,40,3): | 1.3000 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1900 | |
Courbe Coppock: | 11.93 |
MA7: | 115.76 | |
MA20: | 112.28 | |
MA50: | 110.57 | |
MA100: | 111.41 | |
MAexp7: | 115.55 | |
MAexp20: | 113.24 | |
MAexp50: | 111.51 | |
MAexp100: | 111.77 | |
Price / MA7: | +0.76% | |
Price / MA20: | +3.88% | |
Price / MA50: | +5.49% | |
Price / MA100: | +4.69% | |
Price / MAexp7: | +0.94% | |
Price / MAexp20: | +3.00% | |
Price / MAexp50: | +4.60% | |
Price / MAexp100: | +4.36% |
News
The latest news and videos published on CHECK POINT SOFTWARE TECHNOLOGIES at the time of the analysis were as follows:
- Cybersecurity Breaches Pave The Way For Proactive Cybersecurity Solutions in 2019: VirtualArmour International (CSE:VAI)(OTCQB:VTLR), Patriot One Technologies, Check Point Software Technologies and FireEye Inc.
- Research Report Identifies Cabot Microelectronics, Check Point Software Technologies, Aon plc, Acadia Healthcare, Advanced Micro Devices, and Nevsun Resources with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- New Research Coverage Highlights Star Bulk Carriers, Check Point Software Technologies, NetEase, CURO Group, America First Multifamily Investors, and Banco Latinoamericano de Comercio Exterior, S.A. — Consolidated Revenues, Company Growth, and Expectations for 2018
- Check Point Software Technologies Reports 2016 Fourth Quarter and Full Year Financial Results
- Locky Ransomware Attackers Take Christmas Vacation, Shows Check Point Research
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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