Xpeng Stock Forecast
Xpeng stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 17, 2024)
The Xpeng stock price gained 3.78% on the last trading day (Wednesday, 17th Apr 2024), rising from $7.15 to $7.42. During the last trading day the stock fluctuated 5.27% from a day low at $7.21 to a day high of $7.59. The price has fallen in 6 of the last 10 days and is down by -0.13% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 16 million shares were bought and sold for approximately $120.62 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.13 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.88% during the next 3 months and, with a 90% probability hold a price between $6.28 and $8.63 at the end of this 3-month period.
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XPEV Signals & Forecast
There are mixed signals in the stock today. The Xpeng stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.67 and $8.65. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Xpeng stock
Xpeng finds support from accumulated volume at $7.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.380 between high and low, or 5.27%. For the last week, the stock has had daily average volatility of 4.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XPEV) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Xpeng Inc to open at $7.41, and during the day (based on 14 day Average True Range), to move between $6.94 and $7.90, which gives a possible trading interval of +/-$0.481 (+/-6.48%) up or down from last closing price. If Xpeng Inc takes out the full calculated possible swing range there will be an estimated 12.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $7.39 (0.40%) than the resistance at $7.68 (3.50%), 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?
Xpeng holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.621 Sell Candidate Upgraded
Predicted Opening Price for Xpeng Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $7.41 ( 0.180%) | $7.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPEV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.79 | 4.94 % | |
| R2 | 7.64 | 2.99 % | ||
| R1 | 7.55 | 1.78 % | ||
| Current price: | 7.42 | |||
| Support | S1 | 7.26 | -2.14 % | |
| S2 | 7.17 | -3.34 % | ||
| S3 | 7.03 | -5.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.20 | 23.99 % | |
| R2 | 7.81 | 5.26 % | ||
| R1 | 7.68 | 3.50 % | ||
| Current price | 7.42 | |||
| Support | S1 | 7.39 | -0.404% | |
| S2 | 7.20 | -2.96% | ||
| S3 | 7.15 | -3.64% |
FAQ
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