Xpeng Stock Forecast
Strong day for Xpeng stock price on Tuesday rising 5.56% to $10.25
(Updated on Mar 28, 2023)
The Xpeng stock price gained 5.56% on the last trading day (Tuesday, 28th Mar 2023), rising from $9.71 to $10.25. During the last trading day the stock fluctuated 2.79% from a day low at $10.04 to a day high of $10.32. The price has risen in 8 of the last 10 days and is up by 29.42% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 15 million shares were bought and sold for approximately $149.42 million.
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The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.44 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.01% during the next 3 months and, with a 90% probability hold a price between $6.66 and $9.08 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
XPEV Signals & Forecast
Mostly positive signals in the chart today. The Xpeng stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.75 and $9.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 14, 2023, and so far it has risen 29.42%. 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 $10.11 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 $0.280 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 4.39%.
Our recommended stop-loss: $9.89 (-3.56%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (XPEV) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Xpeng Inc to open at $10.20, and during the day (based on 14 day Average True Range), to move between $9.65 and $10.85, which gives a possible trading interval of +/-$0.605 (+/-5.90%) up or down from last closing price. If Xpeng Inc takes out the full calculated possible swing range there will be an estimated 11.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.11 (1.37%) than the resistance at $10.64 (3.80%), 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 are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.544 Open Broker Account
Buy Candidate UpgradedPredicted Opening Price for Xpeng Inc of Wednesday, March 29, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 29, 2023 | Current price |
|---|---|
| $10.20 | $10.25 (Overvalued) |
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Trading levels for XPEV
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.48 | 2.28 % | |
| R2 | 10.38 | 1.23 % | ||
| R1 | 10.31 | 0.588 % | ||
| Current price: | 10.25 | |||
| Support | S1 | 10.10 | -1.50 % | |
| S2 | 10.03 | -2.14 % | ||
| S3 | 9.92 | -3.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.56 | 12.78 % | |
| R2 | 10.69 | 4.29 % | ||
| R1 | 10.64 | 3.80 % | ||
| Current price | 10.25 | |||
| Support | S1 | 10.11 | -1.37% | |
| S2 | 9.91 | -3.32% | ||
| S3 | 8.84 | -13.76% |
FAQ
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About Xpeng Inc
XPeng Inc. designs, develops, manufactures, and markets smart electric vehicles in the People's Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans under the P7 name; and family sedans under the P5 name. The company also provides sales contracts, maintenance, super charging, vehicle leasing, insurance agency, ride-hailing, technical support, automotive loan referral and auto financing, music subscription, and oth... XPEV Profile
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