Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>CHPT stock price is trading below the key moving averages showcasing bearishness on the daily time frame.</a> </li> 
 <li> <span>2</span> <a>Chargepoint Holdings Inc. stock price in the grasp of bears; dominating from the higher levels.</a> </li> 
</ul> 
<p>Chargepoint stock price has been driving downward throughout the year. Stock prices faced resistance from the higher levels and formed lower lows. This shows that the bears have been in control and the stock has lost its momentum. The stock has also broken below the key moving averages, which indicates further weakness.</p> 
<p>The technical analysis suggests that the stock is oversold and could bounce back from the lower levels. However, the stock needs to show some signs of strength and reversal before confirming a pullback rally.</p> 
<p>If the buyers succeed in defending the current support then the possibility of a bounce back will increase. However, if the sell-off continues and CHPT stock drops below lower levels more downfall is possible.</p> 
<p>Buyers tried multiple times to break the higher range and expand upward. However, due to the strong presence of sellers, prices faced rejection. It shows sellers are still active on higher levels.&nbsp;</p> 
<p>The performance of the stock was lackluster throughout the year, it gave a negative return of 17.27 in a week, a 40.84% negative return in the month, and a 64.39% negative return in 3 months. The stock gave a negative return of 66.36% in the span of 6 months and Year-to-date it gave a return of -69.25% which shows the prolonged downtrend in the CHPT stock price.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-when-downfall-of-chpt-stock-will-stops-strong"><strong>Technical Analysis: When Downfall Of CHPT Stock Will Stops?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1273" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642.png" alt="ChargePoint Stock Driving Downward: When CHPT Free Fall Stops?" class="wp-image-177585" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642.png 1273w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642-1024x464.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-642-1140x517.png 1140w" sizes="(max-width: 1273px) 100vw, 1273px">
  <figcaption class="wp-element-caption">
   Source: Chargepoint.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div> 
<p>The ChargePoint price is trading below the downward-sloping 50-day and 200-day EMA showcasing a downtrend. However, the Chargepoint price has gone far away from the EMAs.&nbsp;</p> 
<p>The MACD generated a negative crossover and the histogram is also red indicating bearishness. The current value of RSI is 23.73 points. The 14 SMA is above the median line at 24.57 points, indicating that the Chargepoint <a href="https://www.thecoinrepublic.com/2023/10/18/chpt-stock-nyse-chpt-surged-7-are-shortsellers-trapped/" target="_blank" rel="noreferrer noopener">stock </a>is bearish.</p> 
<h2 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-chpt-stock-strong"><strong>Weekly-Time Horizon Analysis: CHPT Stock</strong></h2> 
<p>Chargepoint Holdings Inc. stock has shown sellers’ strength on the weekly charts. Moreover, the price traded below the key EMAs, which shows further weakness in the stock. The RSI curve is near the oversold region at 23, and a negative outlook was noted, indicating bearishness in the stock. The MACD indicator also persisted to form red bars, and a bearish crossover was stressed, which signals corrective moves.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Chargepoint Holdings Inc. stock (NYSE: CHPT) technical oscillators also support the bearish trend. The MACD, RSI, and EMA emphasize negative signs and imply that the downtrend may continue in the CHPT stock price. CHPT price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $2.50 and $2.00, where it could bounce back or stabilize.</p> 
<p>Resistance levels: $5.00 and $7.56, where it could reverse or consolidate.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

ChargePoint Stock Driving Downward: When CHPT Free Fall Stops?

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