ChargePoint Holdings Flashes Improved Technical Strength

In a welcome move, ChargePoint Holdings (CHPT) saw its Relative Strength Rating improve from 70 to 76 on Wednesday.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the last 52 weeks compares to other publicly traded companies.

Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their largest runs. See if ChargePoint Holdings can continue to rebound and clear that threshold.

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ChargePoint Holdings is now considered extended and out of buy range after clearing a 10.22 buy point in a first-stage flat base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.

ChargePoint Holdings reported negative growth for both the top and bottom lines last quarter. ChargePoint Holdings is expected to report its next quarterly numbers on or around May 28.

ChargePoint Holdings earns the No. 28 rank among its peers in the Energy-Alternative/Other industry group. Ameresco (AMRC) and Amyris (AMRS) are also among the group’s highest-rated stocks.

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