Chowdeck Surpasses 2 Million Users, Doubling Its User Base in Just One Year
Chowdeck's User Milestone: Nigerian food delivery platform Chowdeck has surpassed two million users, achieving this milestone just a year after reaching one million, reflecting the growing necessity of digital food delivery in Nigeria.
Operational Challenges and Growth: Despite facing operational challenges in a competitive market, Chowdeck has improved its support system and efficiency, leading to a significant increase in daily order volume from 30,000 to over 40,000.
Big Black Friday Success: During the Big Black Friday event, Chowdeck processed N1.4 billion in transactions, with over 183,000 orders delivered, showcasing the platform's ability to handle high demand and support local vendors.
Impact of Digital Economy: Chowdeck's growth illustrates how local startups can thrive in Nigeria's digital economy by meeting the daily needs of consumers, driven by increased smartphone usage and a culture of convenience.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0000059 | 0.00000889 | 0.0000115 | 0.0000144 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000889 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000166 | 0.0000179 | 0.00002 |
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