XPEV stock analysis

glimmzy
2023-08-28

The Xpeng $XPeng Inc.(XPEV)$ stock price gained 8.21% on Friday, 25th Aug 2023, rising from $16.20 to $17.53. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.20% from a day low at $16.40 to a day high of $17.58. The price has been going up and down for this period, and there has been a 7.68% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately $338.38 million.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.85 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 67.49% during the next 3 months and, with a 90% probability hold a price between $26.55 and $45.03 at the end of this 3-month period.

XPEV Signals & Forecast

The Xpeng stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.11 and $16.70. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, July 28, 2023, and so far it has fallen -25.05%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Xpeng stock

On the downside, the stock finds support just below today's level from accumulated volume at $14.98 and $13.78. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Xpeng finds support just below today's level at $14.98. If this is broken, then the next support from accumulated volume will be at $13.78 and $13.42.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.18 between high and low, or 7.20%. For the last week, the stock has had daily average volatility of 7.09%.

Our recommended stop-loss: $16.80 (-4.16%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 20 days ago.)

Trading Expectations (XPEV) For The Trading Day Of Monday 28th

For the trading day on Monday, 28th we expect Xpeng Inc to open at $17.17, and during the day (based on 14 day Average True Range), to move between $16.25 and $18.81, which gives a possible trading interval of +/-$1.28 (+/-7.29%) up or down from last closing price. If Xpeng Inc takes out the full calculated possible swing range there will be an estimated 14.59% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $19.46 (11.01%) than the support at $14.98 (14.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Xpeng Inc stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Xpeng stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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