Home
News
- 1 CHPT share price has recently seen a bounceback from $9 and may be on an upside trend
- 2 Technical indicators are showing a weak recovery for the stock price. It is up by 1.74% in the intraday session
ChargePoint Holdings is an American EV charging company with one of the world’s largest EV charging networks. The company has been getting a lot of attention from investors due to the growing demand for EVs and charging infrastructure. CHPT went public in MAR 2021 and had a volatile ride since then. The green energy initiatives by the governments are also helping a company like CHPT to grow and dominate the market. Charge Point has over 5K commercial and fleet customers which will grow more in the future. They have more than 225K places to charge on the Chargepoint network across North America and Europe. Wall Street is currently looking with optimism towards CHPT as they approach their next quarterly earnings. The company may post a loss as expected by various analysts in the next quarter.
Charge Point has a market cap of over $3.27 Billion and may reach to new highs in the future. The company has a negative EPS as the data given by yahoo finance. It is down by more than 50% from its 52-week high but can see a recovery soon.
Is CHPT Price Ready To Rise?
The weekly technical chart of the CHPT suggests a consolidated momentum in price.It has recently seen a bounceback from a crucial level.CHPT is currently trading near the value of $9.35 with a gain of 1.75% in the intraday session. The upside trend of CHPT can observe a halt near the value of $10.5.Meanwhile, a bounceback in the asset price can be seen from $9. It is trading below the 50 and 100 Daily Moving Averages. Meanwhile, 50 and 100 DMA of the asset price has seen a negative crossover. This can push the price to a new low in the future.
The RSI of CHPT is near 41 with a positive slope in it. The overall sentiment of the RSI is bullish for the future.
Summary
ChargePoint has been on a roller coaster ride for the past few weeks.CHPT stock price may see a recovery in the near future.
Technical Levels
Major Support:$9
Major Resistance:$10.35
Disclaimer:
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
