ChargePoint Holdings Inc. (CHPT) has been spotlighted recently in financial news due to its encouraging performance, exhibiting a notable upward trend. This comes after the stock price broke its lower Bollinger Band on June 22, 2023, a move indicative of a potential future price increase.
This predictive method, known as the Bollinger Band analysis, is a statistical procedure that uses standard deviations to forecast price trends. When a stock's price breaks through its lower Bollinger Band, it signifies an unusual price movement that often precedes a reversal to the upside.
In the case of CHPT, we can anticipate the price jumping back above the lower band and heading toward the middle band. Traders should consider this as a possible buy signal, or they may explore potential call options. In a robust 82% of cases (18 out of 22) where CHPT's price broke its lower Bollinger Band, the stock price rose further in the following month. This percentage is derived from historical data and serves as a strong indicator of a continued upward trend.
It's also worth mentioning the impressive return on investment that CHPT is generating. The Deep Trend Analysis (TA) suggests that the stock offers a promising return of 7.93%. This return rate places CHPT as an attractive investment opportunity, particularly for swing traders who can capitalize on these short-term price fluctuations to generate profits.
The upward trend of CHPT, backed by strong analytical data, makes this stock a compelling consideration for savvy traders. Through careful trend analysis and strategic investing, traders may be able to seize this lucrative opportunity and optimize their portfolio performance.
CHPT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 23 cases where CHPT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
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 demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CHPT advanced for three days, in of 181 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Momentum Indicator moved below the 0 level on September 07, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on CHPT as a result. In of 61 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 September 07, 2023. 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 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where CHPT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for CHPT entered a downward trend on September 18, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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 (7.027) is normal, around the industry mean (12.178). P/E Ratio (0.000) is within average values for comparable stocks, (24.016). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.702). CHPT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.036). P/S Ratio (3.337) is also within normal values, averaging (83.113).
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 78, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a blank check company, which formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, recapitalization, and reorganization
A.I.dvisor indicates that over the last year, CHPT has been loosely correlated with EVGO. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if CHPT jumps, then EVGO could also see price increases.