Will ChargePoint Jump soon?Charge Point Is approaching a Discount price? Is Charge Point on sale? It is between 25% and 50% away from previous highs.Longby PortfolioBuildersClub2
ChargePoint: Bullish Bat w/Bullish Divergence at SupportChargePoint is sitting at the PCZ of a Bullish Bat that aligns with a Hard Support Floor if this Bat performs I think it will not only make it back to the top of the Harmonic but that it will also make a run for the top of the Macro range up at HKEX:19 - HKEX:20Longby RizeSenpaiUpdated 113
$CHPT EV Charging Network GiantChargePoint Holdings, Inc. (NYSE: CHPT) is a goliath in the EV charging space with it operating the largest online network of independently owned charging stations in the US. Despite the company’s status as a leader in the EV charging space, CHPT stock has fallen 70% since its IPO. However, the CHPT stock forecast could improve as the company expands throughout Europe and develops its partnership with the automotive juggernaut, Mercedes, to expand across the US as well. CHPT Fundamentals Chargepoint already operates the largest network of independent EV charging stations in the US, putting it at the forefront of the EV revolution. Since 2017, the company has steadily expanded its charging station network from 42.9 thousand, reaching 225 thousand this year. Specializing in key verticals such as commercial, fleet, and residential, CHPT positions its charging stations in frequently visited areas or locations with high traffic such as apartment complexes, public libraries, parks, hotels, stores, and other businesses. Thanks to this, 80% of CHPT’s customer base included 2021’s Fortune 50 companies. Meanwhile, demand for EVs is rising around the world, causing the number of EVs on the road to jump from 22 thousand to more than 2 million over the last decade. The International Energy Agency expects that the sale of EVs will reach 60% of total automotive sales by 2030 which is a tailwind for EV stocks like Lucid Group, Inc. (NASDAQ: LCID), Polestar (NASDAQ: PSNY), and Mullen Automotive Inc. (NASDAQ: MULN),. But as new policies promoting the use of EVs are rolled out across Europe and the USA, investors should also keep in mind the EV charging stocks which will also see swelling demand in the coming years. CHPT stands to directly benefit from the $7.5 billion allocated to building a nationwide charging network and the transition of government and corporate vehicles to EVs. Rather than trying to select the EV company with the greatest potential to dominate the market, investing in companies developing charging technology like CHPT may offer more upside because its products can be utilized by any EV. As the EV market continues to expand, demand for EV charging spaces will too which is why CHPT stock could have the most to gain from the EV revolution. As is, EV adoption is expected to rapidly increase as the EPA proposes limits to tailpipe emissions, potentially causing 67% of new vehicles sold in the US to be electric by 2032. At the same time, the European Parliament voted to support a ban on the sale of diesel and petrol vehicles starting in 2035 which would substantially increase demand for EVs across Europe. Considering that CHPT operates in the US and Europe, policymakers’ rising interest in protecting the environment could signal a shift in the CHPT stock forecast over the coming years. Competition However, the EV charging space is highly competitive with many companies offering the same services as CHPT. While CHPT faces competition from Tesla, Electrify America, and Blink, CHPT has an edge thanks to its network of 27,000 stations offering nearly 50,000 individual charging ports across the US. This gives it approximately 70% of North America’s publicly available AC charging market. For comparison, Blink has 1,606 EV stations for a total of 5 thousand public chargers in the USA and Electrify America offers 800 charging stations with 3,500 individual chargers. On the other hand, Tesla boasts a network of around 16,822 Superchargers and Tesla destination chargers. Some of these can be used by other types of vehicles with an adapter but considering that not all drivers own this adapter its not exactly comparable. Based on this, CHPT does have significant market share based on how widespread its network is alone. Despite this, CHPT does face a disadvantage. Most of CHPT’s chargers are level 2 AC chargers which take around 8 hours to fully charge a vehicle. According to its 2022 annual report, CHPT offers 18,900 direct current fast charging ports of which only 1,867 appear to be in the USA. Blink offers DC fast charging stations which take only 30 minutes to charge a vehicle and Electrify America’s network mainly utilizes these fast chargers. However, Tesla clearly has the edge when it comes to fast charging since it can charge up to 200 miles in only 15 minutes using its Superchargers. For this reason, CHPT is working with Mercedes-Benz and MN8 Energy – one of the US’ biggest renewable energy producers – to offer more DC chargers in the US and Canada. At the beginning of the year the three companies began working on more than 400 charging hubs which would offer over 2500 CHPT DC fast charging ports. While CHPT must close the gap between itself and its competitor’s fast charging capabilities, its latest decision could help position in it to compete in the EV charging space long-term – ultimately improving the outlook for CHPT stock. European Expansion CHPT is focused on expansion in both markets since the company has also entered a joint venture with the French fleet managing and car leasing company, ALD automotive, for expansion in Europe. Through this partnership, the companies will create an electric Mobility Service Provider focused on services for corporate fleets. This new EV charging business is expected to start operating in Q4 2023 and will provide corporate fleets not only with charging solutions but payment and reimbursement reports as well. The JV could encourage wider adoption of CHPT’s network and app since fleet drivers will gain access to CHPT’s network of more than 485 thousand charging ports across Europe. As CHPT continues to gain market share in Europe, CHPT stock could benefit from the additional users brought on by this expansion. CHPT Financials According to CHPT’s annual report, as of January 2023 the company had HKEX:1 billion in assets, including HKEX:264 million in cash and cash equivalents, HKEX:105 million in short term investments and HKEX:30 million in restricted cash. CHPT has FWB:725 million in liabilities, FWB:284 million of which are current liabilities. Looking into CHPT’s revenues, the company reported $448 million in revenues. Finally the company’s operating expenses totaled $427 million and it reported HKEX:345 in net losses. Technical Analysis CHPT stock is trading in a sideways channel between $9.05 and $11.40. Looking at the indicators, CHPT stock is currently trading beneath the 21, 50, and 200 MAs on the hourly timeframe – a bearish sign. The stock also broke through its $9.02 support. There was recently a death cross of the 50 and 200 MAs which is another sign that CHPT stock may continue to decline. CHPT stock reached an all time low of $8.10 in December 2022 and may retest this low as bearish market sentiments affect growth stocks in the EV ecosystem. However, the RSI is currently oversold at 30 and the MACD is bearish. Therefore CHPT stock may bounce slightly as the indicator recalibrates. Fundamentally, CHPT stock has had no other catalysts besides its announced JV with ALD automotive. However. if the EPA’s proposed restriction on tailpipe emissions is approved that could be a catalyst for not only EV stocks but charging companies like CHPT as well. Looking at the options flow for premiums over HKEX:50 ,000 expiring in April, there has been some bullish activity with a whale buying calls with a strike of HKEX:10 on April 5th. However, bearish premiums make up 54% of the activity. CHPT Forecast With the US and Europe continuously pushing towards EV adoption, CHPT stands to benefit from greater demand for its services. However, CHPT stock has been impacted by the company’s unprofitability with expectations that profitability is still years away. Despite this, the CHPT stock forecast could be set to improve as the company blamed the affects of supply-chain limitations for some of its turmoil in Q4. As supply chain conditions improve for certain hardware products, things could normalize for the company going forward. Additionally, CHPT has achieved impressive growth in key areas such as increasing its sales by 93% YoY and bringing in 70% of its billings from existing customers. This means that CHPT’s current customers are satisfied with its services, creating a strong customer base for the company’s continued growth. For these reasons, analysts are optimistic about CHPT stock giving it a median price target of HKEX:16 and an overall buy rating. Based on future cash flow estimates, CHPT stock is currently trading below its fair value which also indicates the stock’s upside potential. If CHPT is able to accelerate its sales growth, the CHPT stock forecast could continue to improve. Considering that demand for EVs is likely to surge by the start of the next decade, CHPT’s decision to partner with Mercedes Benz and MN8 to increase its number of DC chargers will help strengthen its position against competitors. CHPT’s partnership with ALD automotive will also increase the company’s grip on the European market – potentially putting it on track for better sales growth in the future.by Penny_Stocks_Today4
CHPT Long Good evening everyone, I am seeing a lot of bullish flow on $CHPT. There's also the following conditions: 1)Open gap at 12.99 zone, 2)Currently making higher lows, 3)TTM squeeze green on daily chart which means a 5-day move coming. I wouldn't be surprised if we close this gap next week. Currently holding 4/14 calls. Longby junjunms112
POTENTIAL $CHPT 10.50 02/24/23 PUT Currently seeing a lot of bearish momentum to the downside on the Daily Chart, Appeared to break through a key level to the downside I have charted which is (11.38) as for indicators go I see a MACD crossover and RSI about to break the 50 level. Although after scaling down to a shorter time frame I do see some potential for the price to retrace to the upside only temporarily though before making its next leg down. A move past anywhere from 11.50-11.84 would invalidate my setup based on the bullish momentum. Price Per Contracts are currently: 0.37 on Close Friday Feb 10th/22Shortby DrayInvesting0
Bias more on upside for CHPT28th Jan 2023 CHPT may ride with the current bullish trend in the EV sector. Resistance: 15/19 Support: 9 Longby probabilityta0
CHPT Bullish BiasCHPT has now bounced back from a very strong Fib channel of 0.5 The next level is also broken and looks a momentum is building up to continue to make double top This gives us an opportunity to ride the Bull trend Entry : 11.10 SL : 10.49 TP1 : 11.71 TP2 : 12.27 Bearish Indications is a chart pattern called rising wedge If the price falls below 10.50 then it can be short sell to make some gains Longby vortexTradingSolutions1
2023 New Year Long Opportunity - $CHPTI'm looking for a long opportunity on NYSE:CHPT in 2023. Before 2022, it's all-time low was $9.38, and it tested and closed above this level twice. Once in the second and again in the fourth quarter of 22'. In the most recent quarter, Chargepoint also tested and closed above the trend line from that all-time-low of Q1 2020 and Q2 2021 (dashed line) This leaves me to believe, $CHPT will be a good long term opportunity for this year.Longby jeanius_tech1
CHPT | Things Are Charging Up | LONGChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.Longby DivergenceSeeker115
Long entry breakoutBased on the stock individually I see a big upside potential, this should be done in conjunction with the overall market sentiment (SPY, etc... ) and fundamentals. Longby PickStockWinners4
Canada announced partnership with Charge Point. Charge Point wanCanada announced partnership with Charge Point. Charge Point want to deliver Europe and North America with charge points for EV. This is already being done, and more importantly the numbers they had shown the partners were that the suspected total investments would grow to 60 BILLION dollars in 2030 and 192 BILLION in 2040. Imagine several country's teaming up with Charge Point, country's who have tight relations with the WEF. Please understand that this is a long term investment one to ten years max, could be less? Longby ZILATRADES5
CHPT - Bearflag ? Got sold hard into the supply and trying to base below 200DMA. Good ER didn't do much good, but 14 is the volume shelf, if it can build there, It has better chance of breakout to the upside soon. below 14, will continue to fade to 11 and 8.5 Longby CheelooTraderUpdated 1
CHPT ChargePoint Holdings Options Ahead Of EarningsLooking at the CHPT ChargePoint Holdings options chain, i would buy the $17 strike price Calls with 2022-9-2 expiration date for about $0.33 premium. Looking forward to read your opinion about it. Longby TopgOptionsUpdated 449
CHPT short ideaHey all, feeling bearish on EV's here. Here's my short idea on CHPTShortby MichaelEugen1110
Defined Risk Strategy on CHPTThe Biden administration approved the first $900 million (of $5 billion) in spending for EV charging infrastructure, sending stocks like QS, BLNK, FSR and CHPT soaring with the announcement and then neutralizing today. The 50 and 100 EMA's crossed, which some might say is a buy signal, but the RSI tops are sloping slightly down -- uncertain if it will trend down briefly. Here's how I'm defining my risk, sacrificing a bit of upside for downside protection. This makes up to 22% (35% annualized) while also cushioning ChargePoint from a fall of up to 46% (to below $9.81, through 5/19 next year) before my investment breaks even. Hedged options: Buy 1 $18 call Sell 1 $22 call Sell 2 $10 puts Exp 5/19/23 Capital Required: $1994.64Longby oliveinvest4
Blackout coming on CPHTTrade thesis is pretty straightforward on this one: ✅Rising wedge ✅Bearish divergence on the daily chart ✅Lower risk area for a short here with a defined stop ✅Macro bearish environment Shortby anAirdrop0
D & W IS BROKEN this is a long-term trade 1st tp 27.93 2nd 35.81 and 3rd is on the chart.Longby zalov334
CHPT: Intraday Bullish EngulfingCHPT: Intraday Bullish Engulfing identified on 65m chart. Clean breakout post Credit Suisse coverage initiation in the premarket session. KL's to watch are 15.60, 15.87, 16.00; Breach and > 16.00 is on watch for a gap fill. Downside KLs 14.87, 14.61, 14.00: Breach and <14.00 is on watch for a gap fill// Bias: Neutral to Bullish short term, Beta: 1.96 ATR: 4.21, IV: 83.22%by GroundNinja6
I’ve been short selling every popThe trends your friend and current monetary policy makes everything bearish This trend is pretty defined. I wait for resistance on a one minute chart before entering. Under the 1 day 200 Ema Shortby r0oarimali0n2
CHPT big upsideCHPT broke a trendline in July of this year that started in January 2021, after a large push up the stock has regressed back to the trendline and bounced off nicely. With earnings for CHPT only 8 days away, depending on the results I believe this could be the start of a huge rise in the stock. AGAIN, be weary of buying anything before or after earnings. However, based on positive recent publicity and the stock trend, things are looking very good for CHPT. If you have the risk appetite I would be a buyer and long-term holderLongby myfye13115
ChargePoint posting higher lows? ChargePoint Holdings Short Term We look to Buy at 15.89 (stop at 14.18) Preferred trade is to buy on dips. Previous resistance at 16.00 now becomes support. We have a 38.2% Fibonacci pullback level of 15.15 from 8.50 to 19.27. The sequence for trading is higher highs and lows. Our profit targets will be 20.95 and 21.71 Resistance: 19.20 / 20.99 / 26.73 Support: 16.00 / 12.00 / 8.50 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses. Longby Saxo4
Charge Up After the Break Point on ChargePoint Holdings Inc.!Charge Up After the Break Point on ChargePoint Holdings Inc.! I strongly believe ChargePoint Holdings Inc. is "charging up" after the break of the upper trendline! If we hold above the break through the bottom of the week, I will enter a swing trade on CHPT. The following patterns were identified prior to the break of the upper trendline-"Double Bottom" inside "Falling Wedge" *This is not financial advice. Loved and Blessed, MrALtrades00Longby MrALtrades00222