- ChargePoint Holdings Inc’s CHPT stock price has been trading in an interesting pattern and might register its breakout with uptrend momentum.
- CHPT share price seems ready to recover above 20, 50, 100 and 200-days Daily Moving Average.
- ChargePoint Holdings Inc (NYSE: CHPT) runs the largest online network of independently owned EV charging stations running in 14 countries.
ChargePoint Holdings Inc’s CHPT stock price had an interesting roller-coaster ride over the daily time frame chart. Meanwhile, CHPT stock price at first declined through a falling wedge pattern but managed to break out of the falling pattern in January 2023. Which led the CHPT share price to be caged inside the horizontal price range while consolidating inside the symmetrical triangle pattern over the daily time frame chart. ChargePoint stock price might recover out of the symmetrical triangle pattern as it has initiated its bullish rally from the lower trendline on Monday’s trading session.
CHPT stock price was at $11.36 and has gained 4.80% of its market capitalization during Tuesday’s trading session. Trading volume can be seen at average showcasing the accumulation rate of buyers to push CHPT share price.
CHPT stock price has been increasing with a strong upside trend and might register its breakout from the symmetrical triangle pattern over the daily chart. ChargePoint stock price tried to break out of the symmetrical triangle pattern on 15 February but couldn’t sustain and got rejected from the upper trendline of the symmetrical triangle pattern.
However, sellers might raid CHPT stock price on the opening of Wednesday’ trading session. CHPT share price must start its recovery phase and avoid falling below the lower trendline of the symmetrical triangle pattern.
CHPT share price has dropped around 5.02% during last week and the quarterly report of ChargePoint Holdings Inc is also negative with a 2.99% drop. However, on the positive side CHPT stock price has gained around 1.25% in a month and also 17.60% year to date. This signifies the fact that analysts also claim that CHPT share price might recover maximum during 2023.
Technical Indicators Predicts Breakout of CHPT Stock Price?
សូចនាករបច្ចេកទេសបង្ហាញពីដំណាក់កាលនៃការបង្រួបបង្រួម CHPT stock price inside the symmetrical triangle pattern. Relative strength index showcases the struggle of CHPT share price inside the pattern. RSI was at 48 and is flat below neutrality.
MACD exhibits the sustainability issues of CHPT share price inside the pattern. The MACD line is trying to sustain and revert back towards the signal line for a positive crossover. Investors in ChargePoint Holdings Inc might look for a rally if CHPT starts gaining from the symmetrical pattern and register its breakout.
សេចក្តីសង្ខេប
ChargePoint Holdings Inc’s CHPT stock price had an interesting roller-coaster ride over the daily time frame chart. Meanwhile, CHPT share price at first declined through a falling wedge pattern but managed to break out of the falling pattern in January 2023. However, on the positive side CHPT share price has gained around 1.25% in a month and also 17.60% year to date. Technical indicators suggest the consolidation phase of CHPT share price inside the symmetrical triangle pattern. Investors in ChargePoint Holdings Inc might look for a rally if CHPT starts gaining from the symmetrical pattern and register its breakout.
កំរិតបច្ចេកទេស
កំរិតគាំទ្រៈ $ 11.10 និង $ 10.50
កំរិត Resistance: $ 12.80 និង $ 15.00
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់គោលបំណងផ្តល់ព័ត៌មានតែប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគ ឬជួញដូរគ្រីបតូ ឬភាគហ៊ុនកើតឡើងជាមួយនឹងហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/03/01/chargepoint-holdings-nyse-chpt-chpt-stock-price-may-break-out/