Xpeng Stock – Xpeng Inc (XPEV): price Now Near $30.73; Daily Chart Shows Downtrend on 50 Day Basis
The Hourly View for XPEV
Currently, XPEV (Get Ratings)’s price is up $0.01 (0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
XPEV’s Technical Outlook on the Daily Chart
At the time of this writing, XPEV’s price is down $-0.63 (-2.02%) from the day prior. XPEV has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Xpeng Inc’s price action over the past 90 days can be seen via the chart below.
For XPEV News Traders
Investors and traders in XPEV may be particularly interested in the following story that came out in the past day:
NVIDIA Corporation (NASDAQ: (NVDA) ) shares are trading higher by 2.4% Thursday morning after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $700 to $750 per share. Intel Corporation (NASDAQ: INTC ) shares are trading lower by 0.5% after Raymond James downgraded the stock from Market Perform to Underperform. Chinese electric vehicle maker Xpeng Inc … Full story available on Fintech Zoom.com
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