CHARGEPOINT HOLDINGS INC (CHPT) Stock Technical Analysis
NYSE:CHPT • US15961R3030
Taking everything into account, CHPT scores 1 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.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CHPT is a bad performer in the overall market: 92% of all stocks are doing better.
- CHPT is part of the Electrical Equipment industry. There are 91 other stocks in this industry, of which 74% are performing better than CHPT.
- CHPT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CHPT has a been trading in the 5.53 - 6.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
CHPT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
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6.24
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.57 to 6.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.35 from a trend line in the daily time frame.
- Resistance @8.23 from a trend line in the weekly time frame.
- Resistance @9.04 from a trend line 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 | NEUTRAL | NEUTRAL | The short term trend for CHPT is neutral. |
| ChartMill Relative Strength | 8.7 | NEGATIVE | CHPT has a low relative strength, it was outperformed by 91.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHPT is above the rising 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) | 49.12 | NEUTRAL | The RSI value for CHPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests CHPT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.12 | NEUTRAL | The Stochastics value for CHPT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for CHPT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.47 | NEGATIVE | The low ADX value for CHPT suggests a weak or negative trend. |
6.3
-0.26 (-3.96%)
CHARGEPOINT HOLDINGS INC / CHPT FAQ
What is the technical rating for CHPT stock?
ChartMill assigns a technical rating of 1 / 10 to CHPT.
What is the current trend direction of CHARGEPOINT HOLDINGS INC (CHPT) stock?
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 49.1159. This indicates that the stock is currently neutral.
What is the MACD signal for CHPT stock?
The MACD indicator for CHARGEPOINT HOLDINGS INC (CHPT) has a value of 0.104345, indicating a bearish trend.
What are the support and resistance levels for CHARGEPOINT HOLDINGS INC (CHPT) stock?
CHARGEPOINT HOLDINGS INC (CHPT) has a resistance level at 6.57. Check the full technical report for our detailed analysis of CHPT support and resistance levels.