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Technical analysis update: BMW (1st November 2021)BMW continues to grow since 20th August 2021. It currently trades around 87.50 EUR per share. Technical factors are neutral to bullish and because of that we would like to set short-term price target of 90 EUR per share. Technical analysis RSI has bullish structure. We will watch it closely and we will look for eventual crossover above 70 points. We expect such phenomenon to be accompanied by further rise in price. MACD is also bullish, however, it loses its momentum. Stochastic is bullish too; and ADX contains very low value which suggests neutral trend. Because of that we would like to see another confirmation of uptrend by price taking out short-term resistance and then lower bound of upward moving channel. Support and resistance Short-term resistance sits at 89.50 EUR while short-term support sits at 86 EUR. Major resistance lies at 96.39 EUR. Our last analysis on BMW from 10th May 2021: Here we correctly predicted end of correction and eventual resumption of uptrend. We also set 90 EUR price target which was subsequently reached. Disclaimer: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade. This content is not financial advice.
XETR:BMWLong
by Tradersweekly
9
Cup and Handle PlayHertz appeared to be filling the gap it created after briefly enjoying life as a meme stonk, but no. Instead it printed a textbook cup and handle, the likes of which I haven't seen on a real stock as opposed to making something up for demonstrative purposes. Even the nice cup and handles you see in the wild don't have this uniform volume profile through the cup. Then comes the news that Hertz is set to spend billions on 100,000 Teslas. This kind of spend usually pushes a stocks price down in the near term but today we saw a gap up over the 9MA which was previously acting as resistance and is now support. After filling today's gap we are looking at a potential green close, which is crazy considering the hurting rental company's expensive announcement. Looking for around $35 by end of next week.
H
by Keeegs
AutoWeb (USA: $AUTO) Is Our New Long-Term Growth Play 🚗AutoWeb, Inc. operates as a digital marketing company for the automotive industry in the United States. It assists automotive retail dealers and manufacturers to market and sell new and used vehicles to consumers through its programs. The company's products include new vehicle lead program, which allows consumers to submit requests for pricing and availability of specific makes and models; and used vehicle lead program, which allows consumers to search for used vehicles according to specific search parameters, such as price, make, model, mileage, year, and location of the vehicle. Its products and services also comprise WebLeads+ that offers various coupon options, which display marketing messages to consumers visiting the dealer's Website; and Payment Pro, a dealer website conversion tool that offers consumers real-time online monthly payment information, as well as sells fixed placement advertising across its Website to automotive advertisers. The company owns and operates automotive websites that offers consumers with the information and tools to aid them with their automotive purchase decisions; direct marketing platform that enables manufacturers to selectively target in-market consumers during the often-extended vehicle shopping process; and click traffic referral program, a pay-per-click advertising program that offer targeted offers to consumers based on make, model, and geographic location. The company was formerly known as Autobytel Inc. and changed its name to AutoWeb, Inc. in October 2017. AutoWeb, Inc. was founded in 1995 and is based in Tampa, Florida.
ALong
by Bullishcharts
1
Heromotors - Long setupExtremely Bullish charts on both daily and weekly timeframes HeroMotors is almost debt free with a good dividend yield of nearly 3%. Good ROE and consistent track record for paying healthy dividends From a technical standpoint, price is sitting on 200 Weekly Moving Average and right below the 200 Day Moving Average. Weekly MA will act as support and Daily may try and act like resistance zone RSI is peaking up and bullish undertone on both daily and weekly charts. Look for a break above 3000 for a potential target near 3600 levels. PLs do your own analysis before you take the trades
NSE:HEROMOTOCOLong
by LoveForCharts
AUTO/BTC buy opportunityHi followers, BINANCE:AUTOBTC showing signs of potential move up, buyers stepped in with high volume, higher low formed after long time of low volatility and kind of rounding bottom formation. Don't forget to manage your risk! 👌 Good luck and trade with care 🙏 If you like my content - 👍 Like, 💬 comment, 👆 follow and 👉 share! ❗❗❗ Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
ALong
by FradkinXBT
autofarm AUTO to min 2226$ in wave 3Hi everyone, autofarm RSI is warm and good upside and momentum is increasing also money flow gradually come in. Market cap increased well in the last month... All the stars seems to be aligned for a breakout to at least 2228$. Everything look in place for AUTOUSDT . Here are potential Wave 3 targets for AUTO if he can exit this Rising Channel : Exits : 161.8% - 2228$ (minimal target projection) 175% - 2326$ 200% - 2511$ 261.8% - 2968$ 161.8% log = 3577$ (potential) Wave 2 retracement was light which can contribute for a stronger wave 4 retracement later. Have a wonderful day ! Best to you. Crypto Mercy
ALong
by Crypto_Mercy
1
AUTOUSDT UPDATE🌟current situation of this chart is forming an "adam and eve" formation and is going to hit our first target, after that ATH is our next goal and after that the real price of this coin is set as last target 👉This idea has the confirmation of "advanced price action" 👍 👉Follow us and invite your friends too, this way we can share ideas and signal to anyone we care 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍 👉Tell us what's important for you in the market or what asset makes a difference in your investment basket 👍
ALong
by the-crypto-analyzer
3
2022 Might Be a Winning Year for XpengOn July 7, 2021, the company was listed on the main board of the Hong Kong Stock Exchange under the code '9868.' ● We estimate Xpeng's 2022 revenue to show the value of the stock. ● The methodology includes the forecast of sales of P7, G3&G3i and the upcoming P5 and SUV models. ● The results indicate that the stock is currently fairly priced. ● Risks primarily come from supply chain and market regulation, but remain controllable. With the current global chip shortage, most major auto OEMs have suffered from a lack of electronic supplies. Amid these concerns, China's EV sales are burgeoning, with light EV sales hitting 241,000, or 15% of total light vehicles sales in June, 2021. Among the country's EV pioneers, Xpeng (XPEV:NYSE) has recently presented some positive results: its half-year delivery number has surpassed last year's figure. This article presents a forecast of the company's EV sales in 2022 and evaluates its stock by analyzing each model of Xpeng and using the valuation multiples. Model-level breakdown ● P7 is Xpeng's hit product. Simplifying the modelling, we project the sales of P7 to increase by 184, 100 and 50 units month-on-month until 2023; 184 is the average monthly increase since the model's launch, while the incremental decrease is due to the upcoming P5 and 2022 SUV models. The average selling price will be around CNY 250,000, the same as in 2020. ● G3&G3i are the oldest models of Xpeng. The updated version G3i transformed into a more unified family design and attracted more sales. We estimate G3 and G3i will keep lifting sales volume by 46 per month during the same period. The average selling price will be around CNY 150,000 per unit. ● P5 will shoulder the company's expectations to become a family sedan. We estimate P5's first-month delivery number in October will be at around 1,000, referring to P7's data. Then the delivery figure will increase by 143 units per month, of which 100 will be at the cost of P7 sales declining, as the two models compete with each other, and 43 is organic growth. Based on the official price starting from CNY 160,00 to 230,000, we predict the ASP will be at CNY 190,000. ● Xpeng is planning to launch a new SUV model. The SUV has a family design 'X' logo that brings its length to 4,800 mm. The car design shares the same platform as the P7, the Edward platform. In addition, it will be equipped with premium specifications like XPilot 4.0 and air suspension. Some industry experts predict the price will be around CNY 300,000. We assume Xpeng will finish its launch day by September 2022. The first-month sale will be 300 units, which will increase by 145 units per month similar to the sales trajectory of NIO's ES6. ● Apart from EV sales, other services will account for 5% of total revenue. The 2022 EV sales won't be significantly impacted by the chip shortage. To sum up, Xpeng's 2022 revenue is projected to reach USD 4.3 billion (CNY 28 billion). Specifically, the company will sell 122,253 vehicles to make USD 4.1 billion topline, and USD 0.25 billion will be from other services. According to the Street's expectations, the stock is priced at 16, 8.8, 5.6, 4, 2.9 forward PS ratios by 2025. We select 9x as the 2022 multiples. Thus, the market cap will be USD 38.7 billion, around 10% up from the market cap on July 27, 2021. Risks Although the expectations for Xpeng are rather bright, the whole industry is facing the chip shortage problem – that is also the biggest threat to Xpeng. For NEV companies, production is challenging while orders are packed. Through our research, we found that most auto stakeholders in China expect the imbalance to last through 2021, affecting the global light-vehicle sales by 2.5-5.0%, but recover slightly in 2022. The edtech sector's regulatory update drove the recent sell-off in Chinese concept stocks. However, this crackdown won't be a long-term issue for EV innovators like Xpeng. According to Bloomberg, the government's motivation is to cut family workloads to turn the declining birth rates up. On the other hand, the 'Made in China 2025' scheme supports EV development radically. So the policy will rather play a positive role in the new energy vehicle market in the long term. Conclusion Up to the present, Xpeng has been on the right track, leveraging business through unified family designs, new stores opening, capacity boost and charging facilities build-up. The company's 2022 revenue would be a realistic basis for stocks to start . The most significant potential risk at present is the capacity problem caused by supply chain shortages. Investors should keep an eye on this topic in the company's upcoming Q2 earnings conference.
NYSE:XPEVLong
by EqualOcean
Li Auto Delivered Record 7,713 Units in June, Up 320.6% YOYLi Auto delivered a record 7,713 units of the Li ONE, the company's only model, in June. That's up 320.6 percent from a year ago and 78.4 percent from May, according to data released Friday by the company. Li Auto added more than 10,000 new orders in June, an all-time high, the company said. In the second quarter of 2021, Li Auto delivered a total of 17,575 units, up 166.1 percent year-over-year and 39.7 percent from the first quarter. Li Auto's second-quarter deliveries were a single-quarter high and exceeded the upper end of its previous guidance figures. This article was first published by Phate Zhang on CnEVPost, a website focusing on new energy vehicle news from China.
NASDAQ:LI
by EqualOcean
1