Check Point Software Technologies (NASDAQ: CHKP) STOCK RECOMMENDATION
| Idea | BUY |
| Buy Range | 212 – 217 |
| Target | 225 – 228 |
| StopLoss* | below 209 |
| Duration | 14-15 Trading Days |
| Potential Returns | 4% – 5% |
| Idea | Buy Range | Target | StopLoss* | Duration | Potential Returns |
| BUY | 212 – 217 | 225 – 228 | below 209 | 14-15 Trading Days | 4% – 5% |
* Once the first target hit, reset the StopLoss at your buying price.
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Check Point Software Technologies (NASDAQ: CHKP) STOCK OVERVIEW
Check Point Software Technologies Ltd. specializes in IT security products and services globally. It provides a multi-layered security framework, covering cloud, network, mobile, endpoints, and IoT solutions. The Check Point Infinity Architecture safeguards against advanced cyber threats across various platforms. The company also offers security gateways and software for small to medium businesses, along with cloud security solutions for applications and APIs. Check Point Harmony ensures secure remote access for users. Additionally, it provides customer support, professional services for product implementation, and training on its offerings. Established in 1993, the company is based in Tel Aviv, Israel.
| Stock Data | |
| NASDAQ Symbol | CHKP |
| Sectoral Index | Software |
| 52 Weeks High | 226.025 |
| 52 Weeks Low | 145.75 |
Check Point Software Technologies (NASDAQ: CHKP) - RELATIVE STRENGTH
Relative Performance - Last 1 Year
CHKP — NASDAQ —
Check Point Software Technologies (NASDAQ: CHKP) - DAILY TECHNICAL ANALYSIS
- The stock price is exhibiting a long-term uptrend.
- After being rejected at $210, the price sharply declined and entered a consolidation phase.
- This consolidation phase formed a Rounding Bottom pattern.
- With a recent breakout above this level, the stock is well-positioned for a continued upmove.
Check Point Software Technologies (NASDAQ: CHKP) - RSI
- Current RSI of this stock is 70.3, which indicates the strength of buyers.
Check Point Software Technologies (NASDAQ: CHKP) - EMA Cross
- The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.
Check Point Software Technologies (NASDAQ: CHKP) - ADX & DI
- Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
CONCLUSION - Check Point Software Technologies (NASDAQ: CHKP) STOCK PRICE FORECAST
Based on our stock trading advice in USA, Check Point Software Technologies stock price target will be USD 225 – USD 228 in the next 14-15 trading sessions.
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