Equity

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Chargepoint stock price (NYSE: CHPT) rose 3.91% ahead of Earnings.</a> </li> 
 <li> <span>2</span> <a>CHPT stock price regains $7.00 and recovery is continued.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Chargepoint Holdings Inc. will report the quarterly earnings on September 6, 2023.</a> </li> 
</ul> 
<p>Chargepoint Holdings Inc. CHPT stock price fell 17.32% in August and hit a 52-week low at $6.65. It declined by forming lower lows candles and attempted to break the crucial support of $7.00. Luckily buyers are active and succeed in defending it.&nbsp;</p> 
<p>Chargepoint stock price (NYSE: CHPT) was in a downtrend for quite a long time and EMAs had gone far away. So, one powerful attempt for trend reversal is pending which might be visible after Earnings.&nbsp;</p> 
<p>Previously, CHPT share tried multiple times to break the 50-day EMA hurdle. But it got rejected due to the presence of strong sellers. Presently, the buyers are preparing for the next attempt in which the probability of success is high.&nbsp;</p> 
<p>CHPT stock price is recovering ahead of earnings which showcases the confidence of bulls. If they succeed in breaking the 50-day EMA then the short-term trend will reverse in the favor of bulls.&nbsp;</p> 
<p>Chargepoint stock price (CHPT) closed the previous session at $7.44 with an intraday rise of 3.91%. The market capitalization stands at $2.63 Billion.</p> 
<h2 class="wp-block-heading" id="strong-will-chpt-stock-turn-bullish-after-earnings-strong"><strong>Will CHPT Stock Turn Bullish After Earnings?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/60ya_BnVBYsKwxfWDnVyDN_oLK4j3BxBbpaatT0AMVqObYcCgW1D8NwqVmzCXde-yXv6QdWduabPJhyUKW-0mWPBZTcl-Nc-j7B-TiW9wPUDCsDa1PpTqRGXOynDXWn3435dyeKk0W7qj579kR5smkg" alt="Chargepoint Stock: Will CHPT Stock Price Break $8 After Result?"> 
  <figcaption class="wp-element-caption">
    NYSE: CHPT daily chart by <a href="https://www.tradingview.com/x/YJNcR4eh/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>CHPT stock price took support near $6.68 and formed a Doji candle. Later, slowly prices recovered and regained the $7.00 level.&nbsp;</p> 
<p>Chargepoint Holdings Inc. scheduled the quarterly earnings on September 6, 2023. Equity analysts estimated an EPS of -0.134 and revenue of $153.247 Million.&nbsp;</p> 
<p>If the company succeeds in meeting the estimates then <a href="https://www.thecoinrepublic.com/2023/08/22/chargepoint-stock-will-chpt-stock-take-u-turn-after-earnings/" rel="noopener noreferrer nofollow">Chargepoint stock </a>might react positively and the possibility of $8 breakout will increase. However, if the company misses the estimates then $6.68 support will be at risk.&nbsp;</p> 
<p>The technical analysis suggests <a href="https://www.thecoinrepublic.com/2023/08/22/chargepoint-stock-will-chpt-stock-take-u-turn-after-earnings/" rel="noopener noreferrer nofollow">CHPT</a> share is near the demand zone and it might turn bullish after earnings.</p> 
<h3 class="wp-block-heading" id="strong-will-the-trend-reverse-upward-in-chargepoint-stock-strong"><strong>Will the Trend Reverse Upward in Chargepoint Stock?</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp; 
 <div id="tradingview_b896a"></div> &nbsp;&nbsp; 
 <div class="tradingview-widget-copyright"> <a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a> 
 </div> &nbsp;&nbsp; 
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp; 
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NYSE:CHPT",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_b896a"

}

  );

  </script> 
</div>  
<p>Chargepoint stock price (NYSE: CHPT) formed a bullish engulfing candle on a weekly time frame. If buyers succeed in giving the follow-up momentum then a surprising rally in September month is possible.&nbsp;</p> 
<p>The MACD curve in the CHPT stock displayed a positive crossover. It indicates bulls are active and returning back to track.&nbsp;</p> 
<p>The RSI at 48 slopes upward denoting strength as well as confidence of bulls. The supertrend sell line is placed at $7.73 so if breakout happens then supertrend will turn bullish.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Chargepoint Holdings Inc. CHPT stock price fell 17.32% in August and formed a bearish pattern.&nbsp;</p> 
<p>However, the downfall in Chargepoint stock seems to have taken a halt and prices are recovering ahead of earnings. The technical analysis suggests, an $8.00 breakout in CHPT share is possible after earnings.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5> 
<ul> 
 <li>Resistance levels: $8.00 and $9.21</li> 
 <li>Support levels: $6.68 and $6.50</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Chargepoint Stock: Will CHPT Stock Price Break $8 After Result?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 3, 2023

Chiliz: What is Fan Token, Its Future and Related Benefits

Asia's weekly TOP10 crypto news (Aug 28 to Sep 3)

Starbucks (SBUX Stock) Near To Breakout, Will it Surpass $100?

Web3: Five Key Characteristics of the Decentralized Internet

Bitcoin Halving 2024: Strategies for Miners Amid Shifting Dynamics

XRP Lawyer Praises Ripple Community’s Role in Shaping SEC Case Trajectory

Join our free newsletter for daily crypto updates!