$XPEV Gaps Staying Open - Weekly Double TopLove myself a non Tesla EV Short. Thinking these gaps will stay open and the double top intact. Stop above first gap.
Trade ideas
XPeng Stock Soars 6% on Earnings Reports XPeng ( NYSE:XPEV ), a Chinese electric vehicle (EV) maker that focuses on artificial intelligence (AI) technology, reported better-than-expected results as deliveries of its electric vehicles jumped. The company's loss was slashed in half, and revenue was up 62.3% year-over-year. Delivery increases increased 19.7% due to lower prices and the launch of a new model. American depositary receipts (ADRs) of XPeng ( NYSE:XPEV ) surged after the company posted strong sales and slashed its losses on higher deliveries.
XPeng ( NYSE:XPEV ) reported a first-quarter loss of 1.37 billion Chinese yuan ($190 million), about a billion yuan less than a year ago. Adjusted loss per American depositary share (ADS) of CNY1.49 was narrower than estimates. Revenue soared 62.3% to CNY6.55 billion, also better than forecasts. Gross margin skyrocketed to 12.9% from 1.7% a year ago.
Vehicle deliveries were up 19.7% year-over-year to 21,821, helped by a March price cut and the introduction of its X9 model during the quarter. Co-President Dr. Hongdi Brian Gu said that the performance came “despite fierce market competition,” arguing that the company “has developed a unique approach to lift its profitability and international market potential by providing smart technologies.”
XPeng ( NYSE:XPEV ) expects current-quarter deliveries of 29,000 to 32,000, representing a 25.0% to 37.9% increase from a year earlier. It sees revenue in a range of CNY7.5 billion to CNY8.3 billion, a jump of 48.1% to 63.9% from Q2 2023. XPeng ADRs ( NYSE:XPEV ) shares surged 8% to $8.77 as of the time of writing but have lost more than a third of their value this year.
XPEV XPeng Options Ahead of Earnings If you haven`t bought the previous dip on XPEV:
nor sold before the last earnings report:
Then analyzing the options chain and the chart patterns of XPEV XPeng prior to the earnings report this week,
I would consider purchasing the 8.50usd strike price Calls with
an expiration date of 2024-5-24,
for a premium of approximately $0.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Close to the Alltime LowThere is not much to say. Neither the indicators nor the chart picture indicate an immediate rise.
And the monthly chart gives an impression of a complete loser from the very beginning.
The purchase of the development branch from DiDi in 2023 gave only a glimpse of hope.
But Xiaopeng is not a loser. The sales of cars are exploding.
If there was a hype I would think that there must be reasons for the continuing drop, some kind of bad news. But there was no hype but a steady fall.
And even if there are some bad news they can not eradicate the glorious success of the company for years.
Now we are reaching the alltime low of 2022 again which may provide some hard support to the share. Good time for the market to take reality into account.
XPEV Elliot Impulse Wave I think that NYSE:XPEV completed the Elliot WXYXZ correction wave in April 2024, which started in July 2023.
I think that the major Elliot wave, which I am currently showing with the red line, has started 3 impulse waves. I think that this 3rd impulse wave will make the 1st wave. This impulse movement can take NYSE:XPEV up to $13-$15.
Take Profit Point 1: $10.2
Take Profit Point 2: $13
Take Profit Point 3: $15
Invalidation Level: $6
Xpeng $8.24.Breaking up right now.Critical resistance here from previous high. Looks like it’s going higher quickly
XPeng: Knock Knock 🚪The XPEV share is currently trying again to establish itself below the $7.51 support level. We assume that it will succeed in doing so soon. The green wave (2) should lead to a sell-off to the blue Target Zone (coordinates: $5.31 - $3.01). There we expect the low of the protracted correction and thus a long-term trend reversal. Traders and (long-term) investors can take advantage of the price range to build up long positions.
hourly xpengNear ATL
At support
Hourly channel
diamond bottom
d point buy in
40% from d to gap fill
am bullish .
XPEV lost its little supportXPENG lost the little support it had.. The drop to 6.28-6.40$ is on its table... and i will be waiting :) kaching!
XPEV XPeng Options Ahead of EarningsIf you haven`t bought the dip on XPEV:
Then analyzing the options chain and the chart patterns of XPEV XPeng prior to the earnings report this week,
I would consider purchasing the 9.50usd strike price Puts with
an expiration date of 2024-3-22,
for a premium of approximately $0.51.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
XPEV: Reversal From February 2024XPEV: Reversal From February 2024
After the price completed a bullish harmonic pattern near 7.8 we can see a clear bullish price reaction.
This movement could be also the beginning of a new bullish trend.
7.8 price zone was tested at the begining of February and so far the price is only rising
indicating for further growth.
Targets on the chart 12.30 and 17.50 are the swing targets of the pattern and 14.35
is also a very important target where the price may face a strong resistance zone.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Xpeng probably found a bottom hereXpeng and VW group has made an agrement on building electric cars together.
With this in mind, and looking at the chart, we should see some momentum on xpeng in the coming weeks!
After serval retests of 8 dollars, it shuld be time to go back to 14-18 dollars next
XPEV in Bear TrendI dont see any signs of recovery
Until it breaks aways from this bear channel. I dont see any positive signs technically
Earnings coming soon and it looks like it will hit the bottom again or may be even go lower
if there is a miracle then it might reverse but that doesn't look like on the horizon technically!
STAY AWAY!!
XPEV Elliot Wave WXY CorrectionXPEV, at $23.62 in July 2023, may be in the Y wave of the Ellliot WXY Double Correction. Accordingly, it may end wave A, the first correction of the Y wave, around $11.5-12.3, which is the Anchored VWAP line, perform wave B, go up to around $15, and end the Elliot Double Correction wave with wave C between $8.5-10.
make or break time for XPEV 🍿XPEV breaking strong support/SMA supports, we are sitting right at trend support zone but one more red day and that is broken!
make or break time, bounce here and break of 14.55 sends us higher to 17.88-20.21🎯
boost and follow for more 💚thanks
XPEV - wave 3 or wave 5Grml, I just noticed that my post from 2 weeks ago for this got deleted by mods :/
Pretty much mentioned this level for a hold, which now gave a nice reaction for starters...
We'll have to see if it holds.
An alterantive count, which would have the low as the finish of wave 4 instead of a wave 2 (from 2 weeks ago):
Even more bullish view would see the correction not as a wave 4, but as a second wave 2. Too early to focus on that though.
XPEV Long SwingThis is a beautiful chart. The elasticity is consistent throughout the history of this asset.
The thesis is basically summed up by a golden pocket retrace.
The most recent structure of this market was a wedge that broke up, we have now re created, with the same range(y-axis) and nearing the exact same time (x-axis) as the previous wedge.
If this 2nd wedge breaks up again (the pink arrow that is duplicated on my chart displays this) we are looking to test the next high at about $30.
XPEV looking for end of downtrend on the daily. XPEV 200 day meets the down trend, small pop here, consistent with other pops along the downtrend. Hasn't been a follow through after a move yet.
XPeng G9 SUV earns 5-star safety rating from Euro NCAPChinese electric vehicle maker, XPeng Motors (NYSE:XPEV) announced Wednesday that the international model of their XPeng G9 SUV has received a five-star 2023 safety rating from Euro NCAP.
The five-star safety rating system by Euro NCAP is designed to assist consumers, families, and businesses in easily comparing vehicles and selecting the safest option suited to their requirements. These tests, mirroring real-life road dangers, set the benchmark in Europe for thorough automotive safety evaluations.
The XPeng G9's rating acknowledges its advanced body structure and extensive passive safety features, specifically engineered to safeguard passengers during collisions. These innovations collaborate to handle crash forces, diminish impact acceleration, and decrease the likelihood of injuries to occupants.
This achievement follows XPeng's five-star safety rating for the international model of the XPeng P7 in October, marking their second five-star rating this year.
Technical Analysis
Shares of XPEV are up 4.26% in mid-day trading.
The earnings estimate for the current quarter (Dec 2023) is -$0.46 per share, which is lower than the actual earnings of -$0.39 per share in the same quarter last year3. The revenue estimate for the current quarter is $1.89 billion, which is more than double the actual revenue of $733.4 million in the same quarter last year.
The growth estimates for XPEV are negative, with a projected decline of -7.5% in earnings for the current year (2023) and a projected decline of -5.74% in earnings for the next five years (per annum).
XPEV is facing some challenges in the market, despite its strong revenue growth. The stock price may continue to fluctuate in the near term, depending on the company’s performance and the market sentiment.
XPEV: Buy ideaBuy idea on XPEV as you see on the chart because we have the breakout with force the vwap indicator and also we have the breakout with force the resistance line by a big green candle with a large green volume.
XPENG 9868 BUYWelcome. According to my analysis of Xpeng stock. There is a good buying opportunity as the stock exits the sideways channel in which it has lived for a long time. The stock is emerging from negativity now, and large levels can be seen in the coming days
Not bullish hereKeep shorting until the double bottom at around $13-$14. Longer downtrend could last until $10-$11.
XPENG should find Support.VW Shares Purchase should show future Support.
Hype will settle, and then we go UP.
XPENG should find Support around the Area of Target.
I am still Long here to $40.
Will have to wait and see.
Only time will tell as markets are indecisive.
Regards Graham.
