RSI of the CHPT is near 53 suggesting its presence in the oversold zone.There is a downside slope which can push the asset price to a new high. Meanwhile, 100 DMA can act as a support of the price. It is currently trading above the 50 and Daily Moving Average. Resistance of the CHPT stock price can be seen near$20.Meanwhile the support of the asset price can be seen near $8. It is trading above the demand zone and can act as a support. On the daily chart it is trading near the value of $12.22 with a drop of 3.25% in the intraday session. The weekly technical chart of the CHPT suggests a consolidated trend in price. Various analysts are expecting a rise in the CHPT in the future.ĬHPT stock price may see a rally to $20 in mid of 2023 as per various analysts. The company has a strong brand reputation and a wide network of charging stations, which gives it a competitive advantage over its peers.ĬHPT has a market cap of $4.75 Billion with a negative EPS as per Yahoo Finance. The global transition towards electric system continues to grow year by year.
However, the company’s long-term growth potential remains strong. CHPT’s stock price has been impacted by factors such as supply chain disruptions and increased competition in the EV charging market. The company went public through a special purpose acquisition company (SPAC) merger in March 2021, and its stock price has seen significant fluctuations since then. It has been a topic of interest in the financial world in recent years, as the company has shown impressive growth and potential in the rapidly expanding EV market.
The company operates a network of over 115,000 charging ports across North America and Europe, serving both individual EV owners and commercial fleet operators. ChargePoint Holdings Inc (CHPT) Shares have been slipping and has seen a fall of more than 30% in the past few monthsĬHPT, or ChargePoint Holdings, Inc., is a leading provider of electric vehicle (EV) charging infrastructure solutions.
CHPT stock price has failed to recover and has been moving in a range for a long time.
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