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published in Blogs
Jul 23, 2023

Upward Trend for $CHPT: Swing Trading Strategy Offers 7.93% Returns

Swing Trader: Deep Trend Analysis (TA) Generates 7.93% for CHPT

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.

Related Ticker: CHPT

CHPT in +16.47% Uptrend, rising for three consecutive days on February 14, 2025

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where CHPT advanced for three days, in of 234 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CHPT's RSI Oscillator exited the oversold zone, of 35 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 61 cases where CHPT's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that 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.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on January 17, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on CHPT as a result. In of 77 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 January 13, 2025. 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 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

CHPT moved below its 50-day moving average on January 08, 2025 date and that indicates a change from an upward trend to a downward trend.

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 February 14, 2025. 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 (2.338) is normal, around the industry mean (12.572). P/E Ratio (0.000) is within average values for comparable stocks, (36.860). 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 (19.519).

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.

Notable companies

The most notable companies in this group are Home Depot (NYSE:HD), Lowe's Companies (NYSE:LOW), AutoZone (NYSE:AZO), Tractor Supply Co (NASDAQ:TSCO), Ulta Beauty (NASDAQ:ULTA), Best Buy Company (NYSE:BBY), Bath & Body Works (NYSE:BBWI), Five Below (NASDAQ:FIVE), RH (NYSE:RH), Advance Auto Parts (NYSE:AAP).

Industry description

The specialty stores sector includes companies dedicated to the sale of retail products focused on a single product category, such as clothing, carpet, books, or office supplies. A specialty store could face intense competition from big-box departmental chains, and therefore offering an adequate collection of the product type it specializes in is key in maintaining/growing its market.

Market Cap

The average market capitalization across the Specialty Stores Industry is 9.05B. The market cap for tickers in the group ranges from 4.65K to 380.15B. HD holds the highest valuation in this group at 380.15B. The lowest valued company is SIMPQ at 4.65K.

High and low price notable news

The average weekly price growth across all stocks in the Specialty Stores Industry was 1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 1%. JZXN experienced the highest price growth at 31%, while FTEL experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Specialty Stores Industry was -12%. For the same stocks of the Industry, the average monthly volume growth was 30% and the average quarterly volume growth was 68%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 47
P/E Growth Rating: 51
Price Growth Rating: 57
SMR Rating: 69
Profit Risk Rating: 74
Seasonality Score: -43 (-100 ... +100)
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A.I.Advisor
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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

Profile
Fundamentals
Details
Industry
N/A
Address
240 East Hacienda Avenue
Phone
+1 408 841-4500
Employees
1650
Web
https://investors.chargepoint.com
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