$xpev analysis
The Xpeng $XPeng Inc.(XPEV)$ stock price fell by -0.94% on Thursday, 10th Aug 2023 from $16.94 to $16.78. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.95% from a day low at $16.65 to a day high of $17.64. The price has fallen in 7 of the last 10 days and is down by -17.01% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 14 million shares were bought and sold for approximately $234.90 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 $16.32 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 92.34% during the next 3 months and, with a 90% probability hold a price between $31.40 and $48.36 at the end of this 3-month period.
XPEV Signals & Forecast
The Xpeng stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $18.12. On a fall, the stock will find some support from the long-term average at approximately $15.52. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 -28.26%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Xpeng stock
On the downside, the stock finds support just below today's level from accumulated volume at $14.80 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 $14.80. 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 $0.99 between high and low, or 5.95%. For the last week, the stock has had daily average volatility of 5.74%.
Our recommended stop-loss: $15.79 (-5.88%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (XPEV) For The Trading Day Of Friday 11th
For the trading day on Friday, 11th we expect Xpeng Inc to open at $17.02, and during the day (based on 14 day Average True Range), to move between $15.34 and $18.22, which gives a possible trading interval of +/-$1.44 (+/-8.57%) up or down from last closing price. If Xpeng Inc takes out the full calculated possible swing range there will be an estimated 17.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.80 (11.80%) than the resistance at $19.46 (15.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
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