Xpeng Stock Forecast

Red day on Thursday for Xpeng
(Updated on Apr 25, 2024)

XPEV Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.16%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $7.12 and $8.26. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Xpeng stock

Xpeng finds support from accumulated volume at $6.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.165 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 4.52%.

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 Friday 26th

For the upcoming trading day on Friday, 26th we expect Xpeng Inc to open at $7.05, and during the day (based on 14 day Average True Range), to move between $6.66 and $7.50, which gives a possible trading interval of +/-$0.424 (+/-5.99%) up or down from last closing price. If Xpeng Inc takes out the full calculated possible swing range there will be an estimated 11.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.98 (1.41%) than the resistance at $7.42 (4.80%), 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?

Xpeng holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.279 Sell Candidate Unchanged

Predicted Opening Price for Xpeng Inc of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.