Key Points
- The Xpeng stock declined about 75% from its high.
- The stock is up by 78 % this year and 122% in 3 months.
- Profit is declining year-on-year and the market is expecting a decline in revenue for the first time in the last 5 years.
Market capital of XPENG – $16.23 B
Current market price- $ 18.95
Technical Analysis on a 1-Day Time Frame
Xpeng stock price increased by 1.94% in a week but declined by (-0.42%) in a month. It indicates that the buyers are currently showing some strength in a shorter period and trying to move the price upward.
Currently, the price is trading above all the important EMAs i.e. 50, 100, and 200, which indicates that the price is in a bullish trend and buyers are active at lower levels to push the price upwards.
The XPEV share has seen a good downside from the level near to $24 but bounced from the 50 EMA. It indicates that the price is heavily bullish.
If we look carefully, the 1st resistance is present at the recent high near $23.6. The other two resistances stand at the $35.54 level and then at the $41.50 level.
If we talk about the support level then the EMAs i.e. 50, 100, and 200 will act as support which is currently present near the levels $16.11, $14.28, and $ 14.02.
Technical Analysis on a 1-Hour Time Frame
The XPEV stock price is trading above the supertrend level, which means the price is currently bullish at this level where the support is present currently at $18.07. Xpeng’s stock price is consolidating at higher levels means the price is in the markup phase. It can resume the upward move soon once it crosses the recent swing highs.
The RSI is currently standing at 54.75, which means the price is gaining some momentum on the buy side. It is also a bullish sign, before this the price was looking overbought but this consolidation helps the market to cool down the aggressive buying and absorb the supply.
Conclusion
The price showed good momentum from the $15 level, which means the buyers are present at those levels. Now, the stock price is consolidating at this level is a sign that the buyers are absorbing the supply.
All three Indicators i.e. Relative strength index (RSI), Exponential moving average (EMA), and Supertrend are showing bullish signs which is good for the buyers.
If the market breaches the lower level of $14.10, it can go back to the lower support zone of $13.
Past Performance
1 Week- 1. 94%
1 Month- 0.42%
1 Year- 15. 06 %
Technical Levels
- Resistance- $24 and $ 34
- Support – $13.22
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.