$CHPT's Prosperity: +5.64% Weekly Gain with Trader Robot
In the world of AI-driven trading, where algorithms and bots take center stage, the Swing Trader: Deep Trend Analysis (TA) AI trading robot has been making waves. Last week, this bot factory managed to secure a remarkable gain of +5.64% while trading CHPT (ChargePoint Holdings, Inc.). This achievement has sparked considerable interest among traders and investors.
Bearish Trends in CHPT
CHPT has been experiencing a challenging time lately, with its stock value taking a substantial hit. On October 20, 2023, it marked its third consecutive day of decline, amounting to an overall loss of -8.33%. This prolonged downward trend is typically interpreted as a bearish signal, raising concerns among investors. It is essential to keep a close watch on this stock as the data shows that when CHPT declines for three consecutive days, history suggests further declines in the following month.
A comprehensive analysis of similar situations involving CHPT reveals that in 202 out of 234 cases, the price continued to decline in the subsequent month, signifying an 86% likelihood of a continued downward trend. This indicates a concerning trend that traders and investors should take into account when strategizing their positions in CHPT.
Earnings Report and Market Capitalization
To gain a broader perspective on CHPT's performance, it's crucial to examine its earnings report and market capitalization. The last earnings report on September 06 unveiled a rather grim picture, with earnings per share coming in at -34 cents, significantly missing the estimate of -12 cents. With 18.67 million shares outstanding, the current market capitalization stands at 1.07 billion dollars.
Market Capitalization in the Specialty Stores Industry
To contextualize CHPT's market capitalization, we can compare it to the industry average. The average market capitalization across the Specialty Stores Industry is 6.42 billion dollars. This industry encompasses a wide range of companies, with market caps varying from as low as 48 million dollars (e.g., CALI) to as high as 286.43 billion dollars (e.g., HD). It is important to note that CHPT's market cap of 1.07 billion dollars is relatively modest in comparison to industry peers.
Price Performance in the Specialty Stores Industry
Understanding how CHPT compares to its industry peers in terms of price performance is essential. The average weekly price growth across all stocks in the Specialty Stores Industry stands at -1%. Over a month, the industry reports an average price growth of -4%, while the average quarterly price growth is at 8%. Notably, SSUNF demonstrated the highest price growth at 56%, while NVVE experienced a significant decline of -58%.
Volume Trends in the Specialty Stores Industry
Examining trading volumes can provide valuable insights into a stock's liquidity and investor sentiment. Across all stocks in the Specialty Stores Industry, the average weekly volume growth is reported at 41%. Over a month, the average volume growth rises substantially to 236%, indicating heightened trading activity. However, over the course of a quarter, the industry shows a negative average volume growth of -33%, suggesting a decrease in trading interest during this period.
In summary, the recent performance of CHPT and the Swing Trader: Deep Trend Analysis (TA) AI trading robot's successful 5.64% gain have captured the attention of traders and investors. The bearish trend in CHPT, paired with a disappointing earnings report, paints a challenging picture for the company. Additionally, the market capitalization of CHPT appears relatively modest compared to its industry peers. Understanding these dynamics, as well as the price and volume trends in the Specialty Stores Industry, is crucial for informed decision-making in the world of AI-driven trading.
CHPT in -5.04% downward trend, sliding for three consecutive days on December 16, 2024
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where CHPT declined for three days, in of 327 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 18, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CHPT as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for CHPT turned negative on December 16, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for CHPT crossed bearishly below the 50-day moving average on December 19, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
CHPT broke above its upper Bollinger Band on December 09, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
CHPT moved above its 50-day moving average on December 20, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CHPT advanced for three days, in of 225 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CHPT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.338) is normal, around the industry mean (12.393). P/E Ratio (0.000) is within average values for comparable stocks, (36.657). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.650). CHPT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.034). P/S Ratio (1.349) is also within normal values, averaging (19.235).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CHPT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
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General Information
a blank check company, which formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, and reorganization
Industry SpecialtyStores