![]() Investing in or trading crypto assets comes with a risk of financial loss. They do not establish financial, investment, or other advice. The views and opinions stated by the author, or any people named in this article, are for informational purposes only. The technical analysis suggests, CHPT stock is oversold so a relief is pending. The quarterly earnings are scheduled next week which decide the next direction of stock. ConclusionĬhargepoint stock price (NYSE: CHPT) already down by 20% in the current month. The RSI at 27 denotes oversold territory which is a matter of concern for the short sellers. The average price target represents 91.26 Increase from the current price of 6.29. The highest analyst price target is 17.00 ,the lowest forecast is 8.25. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The technical indicators like MACD slopes down indicates sellers are more active as compared to buyers. The average price target for ChargePoint Holdings is 12.03. If the broader market index and EV stocks begin to recover then Chargepoint shares may also participate. (NYSE:CHPT) has obviously rallied in the past few weeks, due to the 7.5B provision from the Inflation Reduction Act and the companys stellar FQ223 earnings call. So, a pullback rally or narrow-range consolidation is expected in September month. Is the Comeback possible in Chargepoint Stock?ĬHPT stock price fell for 4 consecutive weeks. The market capitalization stands at $2.46 Billion. ![]() But sadly sellers took over the control and dragged the prices to the previous low.Ĭhargepoint Stock price closed the previous session at $6.97 with an intraday decline of 1.27%. Buyers tried their best to hold the price above $9.00. However, the rally halted near $9.23 and prices entered consolidation. It rallied 27% approx and created hope for a bullish trend reversal. The higher the profitability score, the more profitable the company is. So, the pullback rally may trigger from the lower levels.Īt the end of June, Chargepoint stock took support near $7.30 and the price showed a minor bounce. ChargePoint Holdings Incs profitability score is 18/100. It showcases that the trend is in a downward direction and bears continued dominance on a higher level.Ĭhargepoint Holdings’ stock price has gone far away from the 50-day and 200-day EMA. It formed a bearish pattern and eroded the gains generated in the month of June.ĬHPT stock price faced rejection from the 50-day EMA and keeps on falling by forming lower lows. is expected to release its quarterly earnings on August 30, 2023.Ĭhargepoint stock price (NYSE: CHPT) fell 20% (approx.) in the current month and hit a 52-week low. ![]()
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