CHPT Should I Buy

Not a good buy right now for a beginner long-term investor who wants to deploy capital immediately. CHPT is showing an early momentum bounce (MACD improving) and options positioning is bullish-leaning, but the primary trend remains bearish (SMA200 > SMA20 > SMA5), and the business is still loss-making with ongoing cash burn concerns echoed by analysts. If you want long-term exposure, this is better treated as a watchlist name until the trend flips and losses narrow meaningfully.

Price/Trend: CHPT at 6.61 is below the pivot (6.764), indicating price is still trading on the weaker side of the near-term range. Moving averages are bearish (SMA200 > SMA20 > SMA5), which is consistent with a longer-term downtrend. Momentum: MACD histogram is positive and expanding (+0.0266), suggesting a short-term rebound attempt. RSI(6) ~40.8 is neutral-to-soft (not oversold), so there is not a strong mean-reversion buy setup. Levels: Support S1=6.451 then S2=6.257; resistance R1=7.077 then R2=7.271. With the stock below pivot and under bearish MAs, the path of least resistance remains sideways-to-down unless it can reclaim and hold above ~6.76–7.08. Pattern-based forward odds: Similar-pattern stats imply slightly negative bias near-term (about -1.44% next week) and only modestly positive over a month (+0.83%), reinforcing that this is not a clean long-term entry point today. Intellectia Proprietary Trading Signals - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock today.