September 4, 2026 · Diaries
The Uncomfortable Chart: ChargePoint on Trend Watch
Workflow diary: Trend Watch listed ChargePoint at $6.25 while the composite technical opinion still read Sell. Eleven days later it was 45% higher.
Third diary entry. This one is about the charts you almost skip because they're ugly and every composite indicator says they'll stay ugly. ChargePoint on Trend Watch was one of those.
A listing that contradicted itself
On Monday, August 24, the Trend Watch list had 99 names. One of them was ChargePoint (CHPT) at $6.25. The row disagreed with itself. The proprietary Trend Watch indicator had flagged an active bullish trend turn, which is what gets a stock on the list in the first place. The composite technical opinion on the same row still read 40% Sell, and 50% Sell short-term.
That's not a bug. A composite opinion averages more than a dozen indicators across short, medium and long timeframes, and after a long decline the long-timeframe parts stay bearish for months. Trend Watch is built to react to changes in price structure before that average can. So a fresh turn on a beaten-down chart will often look exactly like this: the trend indicator flipped, the consensus still against it. If you wait for both to agree, you'll always be late.
The five-minute check
I opened the chart and it was as uncomfortable as expected: a low-priced stock in a long downtrend, with the first higher structure barely visible. I asked the AI chat next to the chart two things: how volume in the recent sessions compared to the month before, and what the news flow around the name looked like. Asking is about speed. The answers come with sources, so the five minutes include checking them. CHPT went on the watchlist with a note to myself: early and unconfirmed.
Eleven days later
| Date | Event | Price | Change |
|---|---|---|---|
| Mon Aug 24 | On Trend Watch, composite opinion 40% Sell | $6.25 | 0.0% |
| Fri Sep 4 | Where it stands as this entry is written | $9.08 | +45.3% |
The same August 24 list also had Swvl at $2.21. It's at $5.52 today, up 149.8%. I mention it for completeness, with a warning: at these prices, percentages are cheap. A $2 stock moves 10% on volume an index name wouldn't notice, and it falls just as hard.
The honest footnote
Low-priced stocks at early trend turns have the widest range of outcomes in the market. For every week like this CHPT one, the list has carried turns that failed within days, and this entry only exists because I picked a winner after the fact. The part that doesn't depend on the outcome is smaller: when an early trend indicator and a lagging composite disagree, that disagreement tells you something. The platform puts both on the same row, so you see the conflict before you know how it ends.
Related Resources
- Trend Watch Screener for the current list.
- How Trend Watch works for the methodology.
- BMNR Through Three Screeners for another early-turn case study.
This article is a retrospective review of historical data for educational purposes only. It is not investment advice, the examples were selected after the fact because they performed well, and screener appearances are data points, not recommendations.