(CHKP) Long-term investment analysis

November 30, 2024, 4:42 PM ET, BY Joseph H. – Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer term trading plans for CHKP

• Buy CHKP near 174.61 and target a stop loss of 190.29 at 174.11 Details

The technical summary data tells us to buy CHKP at 174.61 with an upside target of 190.29. This data also tells us to set a stop loss at 174.11 to protect ourselves from excessive losses in case the stock starts moving against the trade. 174.61 is the first support level below 182, and fundamentally any test of support is a buy signal. In this case the support 174.61 would be tested, so a buy signal would be present.

• Short CHKP just below 190.29, target 174.61, stop loss at 190.84 Details

Technical summary data suggests a bearish move for CHKP as it approaches the 190.29 level with a downside target of 174.61. However, we should have a stop loss at 190.84. 190.29 is the first resistance level above 182, and basically any test of resistance is a short signal. In this case, if resistance 190.29 is tested, a short signal is present.

Swing trading plans for CHKP

• Buy CHKP just above 185.1, target 190.29, stop loss at 184.57 Details

If 185.1 starts to break out higher, the technical summary data tells us to buy CHKP just above 185.1 with an upside target of 190.29. The data also tells us to set a stop loss at 184.57 in case the stock turns against the trade. 185.1 is the first resistance level above 182, and basically any break above resistance is a buy signal. In this case, 185.1, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short CHKP slightly near 185.1, target 179.41, stop loss at 185.63. Details

Technical summary data suggests shorting CHKP if it tests 185.1, with a downside target of 179.41. However, we should have a stop loss at 185.63 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 185.1 is tested, there would be a short signal. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Day trading plans for CHKP

• Buy CHKP just above 182.85, target 185.1, stop loss at 182.42 Details

If 182.85 starts to break out higher, the technical summary data tells us to buy CHKP just above 182.85 with an upside target of 185.1. The data also tells us to set a stop loss at 182.42 in case the stock turns against the trade. 182.85 is the first resistance level above 182, and basically any break above resistance is a buy signal. In this case, 182.85, the initial resistance, would break to the upside, giving a buy signal. Because this plan is based on a resistance break, it is called a long resistance plan.

• Short CHKP slightly near 182.85, target 180.21, stop loss at 183.28. Details

Technical summary data suggests shorting CHKP if it tests 182.85, with a downside target of 180.21. However, we should have a stop loss at 183.28 in case the stock starts moving against the trade. Basically every resistance test is a short signal. In this case, if resistance 182.85 is tested, a short signal is present. Since this plan is a short plan based on a resistance test, it is called a short resistance plan.

Check the timestamp of this data. Updated AI generated signals for Check Point Software Technologies Ltd. (CHKP) available here: CHKP.

CHKP ratings for November 30:

AI generated signals for CHKP

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Technically, Check Point Software Technologies Ltd. (NASDAQ: CHKP) offers opportunities for traders who watch how the stock price fluctuates over time.

Warning:

This is a static report. The following data was valid at the time of publication, but support and resistance levels for CHKP change over time, so the report should be updated regularly. Real-time updates are provided to subscribers. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when CHKP tests support, buy signals emerge and resistance is the target. Conversely, if resistance is tested, it is a sign to control risk or sell, and support would accordingly be the downside target. In any case, the trigger point serves as both an ideal place to enter a position (avoid trading in the middle of a trading channel) and a risk control layer.

Swing Trades, Day Trades and Longer Term Trading Plans:

This data is refined to distinguish trading plans for day trading, swing trading and long-term investment plans also for CHKP. All of this is offered below the overview table.