Xpeng Inc. (XPEV) stock market capitalization is $13.73 Billion and the total revenue is $3.988 Million. Moreover, the stock’s basic EPS is -$1.66 and the price-to-earnings ratio is -10.1. Xpeng Inc. (XPEV) experienced a decline in its earnings at a rate of -25.7% per year on average, according to Simply Wall St., a financial website. The Auto industry’s average annual earnings growth is 24.3%. Therefore, XPEV earnings are much lower than the industry average.
Moreover, Xpeng Inc (XPEV) stock has performed well in the last month, increasing by 7.56% and surging by 65.61% in the last six months. Xpeng Inc (NYSE: XPEV) stock has a positive year-to-date return of 47.22% and a one-year negative return of 31.06%. The average volume is 30.608 Million and the current volume is 19.395 Million where the current selling volume is below average volume.
Technical Analysis of XPEV Stock Price in 1-D Timeframe
The price action shows that Xpeng Inc. ( NYSE: XPEV) stock price was in an uptrend from the last three months increasing by 72.93%. On July 1st, the stock took support on the demand zone around $7.75 where liquidity was present, and faced rejection after reaching a high of $23.62 and the price fell.
At the time of writing, Xpeng stock (XPEV) is trading at around $15.65 and facing the nearest resistance around $17.48 and most probably Xpeng stock might decline more as selling pressure is high and drop back to the liquidity demand zone.
Therefore, if Xpeng fails to maintain the current level. The XPEV price could continue to drag downwards and hit the nearest support levels around $15.04 and $13.53.
However, if the stock price sustains the current level and the Xpeng price increases, then it might reach the nearest resistance levels of $17.48 and $19.03.
At the time of publishing, Xpeng Inc. (NYSE: XPEV) is trading below the 20-day exponential moving average (EMA), which declines the Xpeng price (XPEV) trend.
Furthermore, a 50-day EMA is supporting the price if more selling volume rises in Xpeng stock then the price might capture supporting EMA by making lower highs and lows.
Hence, the Xpeng price is anticipated to fall downwards as EMA’s are showing a bearish outlook over the Xpeng Inc. daily time frame chart.
The current value of RSI is 45.84 points. The 14 SMA is above the median line at 54.89 points which indicates that Xpeng stock is in bearish territory and the RSI took rejection from 14 SMA and is headed towards an oversold zone indicating bearishness.
The MACD line at 0.3112 and signal line at 0.9233 are above the zero line and both lines have crossed each other. A bearish crossover is noticed in the MACD oscillator which expresses bearishness for the Xpeng stock price.
Summary
Xpeng Inc. (NYSE: XPEV) indicates that the traders and investors of the stock price are bearish on the 1-D time frame. The price action shows a bearish outlook at the time of publishing. The technical analysis tools of Xpeng stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in Xpeng stock price.
Technical Levels
- Support levels: The nearest support levels for Xpeng stock price are $15.04 and $13.5.
- Resistance levels: The nearest resistance levels for the Xpeng stock price are $17.48 and $19.03.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
Source: https://www.thecoinrepublic.com/2023/08/18/xpeng-stock-price-prediction-can-xpev-rise-again-to-20-or-fall/