CHARGEPOINT HOLDINGS INC (CHPT) Stock Technical Analysis
USA - NYSE:CHPT - US15961R3030 - Common Stock
Taking everything into account, CHPT scores 0 out of 10 in our technical rating. CHPT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CHPT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.06. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CHPT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.36
When analyzing the support we notice one important area.
- Support @10.46 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 11.06 to 11.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @11.61 from a trend line in the daily time frame.
- A resistance zone ranging from 11.95 to 12.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 12.35 to 12.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CHPT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHPT is down. |
| ChartMill Relative Strength | 10.95 | NEGATIVE | CHPT has a low relative strength, it was outperformed by 89.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHPT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.07 | NEUTRAL | The RSI value for CHPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests CHPT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.35 | OVERSOLD | The low Stochastics value suggests CHPT may be oversold. |
| Average True Range in percent/ATR (20) | 5.71 | HIGH VOLATILITY | The high ATR as a percentage value for CHPT suggests high volalility. |
| Average Directional Index/ADX (14) | 12.73 | NEGATIVE | The low ADX value for CHPT suggests a weak or negative trend. |
10.8
+0.33 (+3.15%)
CHARGEPOINT HOLDINGS INC / CHPT FAQ
What is the technical rating for CHPT stock?
ChartMill assigns a technical rating of 0 / 10 to CHPT.
Can you provide the trend direction for CHARGEPOINT HOLDINGS INC?
The current trend direction for CHARGEPOINT HOLDINGS INC (CHPT) is Bearish.
What is the RSI signal for CHARGEPOINT HOLDINGS INC (CHPT) stock?
CHARGEPOINT HOLDINGS INC (CHPT) has an RSI value of 46.0735. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CHARGEPOINT HOLDINGS INC?
The short term momentum for CHARGEPOINT HOLDINGS INC (CHPT) is negative.
What is the support and resistance level for CHPT stock?
CHARGEPOINT HOLDINGS INC (CHPT) has a support level at 10.46 and a resistance level at 11.06. Check the full technical report for our detailed analysis of CHPT support and resistance levels.