Efficiency Pays Off: Tickeron's Robot Factory Boosts $CHPT by 3.02%
One such tool that has garnered attention is the AI trading robot known as Swing trader: Volatility Balanced Strategy (TA). This robot, developed in our esteemed factory, recently demonstrated its prowess by generating a notable 3.02% gain while trading CHPT (ChargePoint Holdings) over the previous week. While CHPT experienced a downward trend, the robot's performance and insightful analysis provide valuable insights for traders and investors alike.
Bearish Momentum and Potential Declines: Over the course of three consecutive days, CHPT witnessed a decline, which is commonly interpreted as a bearish sign. This decline has caught the attention of market observers, prompting them to keep a close watch on this stock for possible future declines. Historical data reveals that in 176 out of 207 instances where CHPT declined for three days, the price continued its descent within the following month. These findings indicate that the odds of a sustained downward trend in CHPT are approximately 85%.
Earnings Report Analysis: Understanding a company's financial performance is crucial in evaluating its investment potential. In the case of CHPT, the last earnings report, released on June 01, delivered earnings per share (EPS) of -23 cents, falling short of the estimated -18 cents. This underperformance may have contributed to the market sentiment surrounding the stock.
With 3.07 million shares outstanding, CHPT currently holds a market capitalization of approximately 3.09 billion dollars. While market capitalization provides a rough estimate of a company's value, it is important to consider other fundamental and qualitative factors when assessing investment opportunities.
Despite CHPT experiencing a bearish trend and disappointing earnings results, the AI trading robot, Swing trader: Volatility Balanced Strategy (TA), showcased its capability by generating a commendable 3.02% gain during the previous week. Traders and investors should remain cautious and monitor CHPT closely, as historical data suggests a high likelihood of continued downward movement in the stock.
CHPT in -8.00% downward trend, falling for three consecutive days on April 18, 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 280 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 April 10, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CHPT as a result. In of 69 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 April 11, 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
The Aroon Indicator for CHPT entered a downward trend on April 16, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
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.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHPT advanced for three days, in of 200 cases, the price rose further within the following month. The odds of a continued upward trend are .
CHPT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 slightly worse than average 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 (12.709). P/E Ratio (0.000) is within average values for comparable stocks, (35.640). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.536). CHPT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (1.349) is also within normal values, averaging (87.325).
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 77, 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