ChargePoint Holdings Inc (CHPT) Stock: What Does the Chart Say Friday?

The market has been down on ChargePoint Holdings Inc (CHPT) stock recently. CHPT gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

ChargePoint Holdings Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CHPT!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CHPT Stock Today?

ChargePoint Holdings Inc (CHPT) stock is trading at $13.03 as of 1:27 PM on Friday, Jul 1, a drop of -$0.66, or -4.82% from the previous closing price of $13.69. The stock has traded between $12.94 and $14.02 so far today. Volume today is light. So far 3,719,599 shares have traded compared to average volume of 10,911,722 shares. To see InvestorsObserver's Sentiment Score for ChargePoint Holdings Inc click here.

More About ChargePoint Holdings Inc

ChargePoint Holdings Inc is an EV charging network provider committed to enabling the electrification of mobility for all people and goods. It is creating a new fueling network to move people and goods on electricity. Its cloud subscription platform and software-defined charging hardware are designed to include options for every charging scenario from home and multifamily to the workplace, parking, hospitality, retail, and transport fleets of all types. It provides access to several places to charge in North America and Europe. Click Here to get the full Stock Report for ChargePoint Holdings Inc stock.