CHKP Check Point Software Technologies Ltd Chart, History Price & Graph

Key Takeaways

• CHKP remains in a broader downtrend after a sharp decline from 52-week highs near 233.78, recently testing lows around 130.93.
• Price has staged a short-term bounce, trading around 138 with momentum indicators showing buy signals.
• RSI(14) at 57.6 suggests improving momentum, while MACD(12,26) at 0.45 confirms bullish crossover.
• Key support at 130.93-131.00, immediate resistance near 138.60 pivot and 142.00 zone.
• Price below 200-day MA at 142.78, indicating ongoing bearish bias on longer timeframes.
• 1-month performance down approximately 7%, with heightened volatility near recent lows.

Trend Analysis

Check Point Software Technologies Ltd. (CHKP) has been in a pronounced downtrend over the past year, declining over 33% from 52-week highs above 233. The stock broke below key long-term rising support around 156 on the weekly chart, accelerating the sell-off. Year-to-date, shares are down roughly 27%, reflecting broader pressure in the cybersecurity sector amid shifting market dynamics. Shorter-term, the price action shows a falling trend channel, with recent lows marking a potential pivot bottom on April 23. However, failure to reclaim higher moving averages keeps the bias bearish until proven otherwise.

Support and Resistance Levels

Critical support holds at the 52-week low of 130.93, tested during the April 23 session, with secondary support at 131.00-132.00 based on recent lows. Pivot analysis reveals a classic pivot at 138.60, with S1 at 138.22, R1 at 138.88, S2/S3 near 137.94/137.56, and R2/R3 at 139.26/139.54. Stronger resistance clusters around 142.00-142.78, aligning with prior highs and the 200-day MA. A sustained break above 142 could target 145-150, while a drop below 131 risks further downside toward prior consolidation zones.

Moving Averages

Short-term moving averages are mixed but leaning supportive. The 5-day SMA sits at 138.61 (sell), 10-day at 137.00 (buy), 20-day at 135.05 (buy), and 50-day at 137.32 (buy). Longer-term, the 100-day SMA at 138.40 (sell) and 200-day at 142.78 (sell) cap upside. Exponential MAs show similar alignment, with price above the 20-day EMA (136.80) but below the 200-day EMA (143.25). The death cross between shorter and longer MAs earlier confirmed bearish momentum, though recent price action above the 50-day suggests stabilization.

Momentum Indicators

Momentum has shifted positively in the near term. RSI(14) at 57.6 generates a buy signal, recovering from oversold levels near 35 earlier in April. MACD(12,26) at 0.45 with a bullish crossover supports rebound potential. Stochastic(9,6) at 89.9 indicates overbought conditions, suggesting caution for extended rallies. ADX(14) at 37.2 signals strong trend strength, while CCI(14) at 81.8 remains in buy territory. These readings point to short-term bullish divergence amid the downtrend.

Recent Price Action and Volume

Over the last 30 days, CHKP declined about 7%, with a sharp drop to 130.93 on April 23 amid elevated volume exceeding 1.3 million shares. The subsequent bounce to 138-140 saw increasing participation, with daily ranges expanding to 3-5%. Last quarter, shares fell over 20% from February levels around 178-180, breaking multiple supports. Average volume hovers at 1.28 million, with spikes on downside moves indicating distribution, though recent upticks show accumulation near lows.

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Technical Outlook and Key Levels to Watch

Traders eye a potential short-term rebound if 138.60 pivot holds, targeting resistance at 142.00-145.00 for trendline retests. A failure here could see retests of 131.00 support, with breakdowns risking deeper correction. Monitor RSI for overbought divergence above 70, MACD for histogram weakening, and volume for confirmation on moves. Broader downtrend persists below 150, with bullish reversal requiring closes above 200-day MA at 142.78.

Disclaimer

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