XPeng Q2 Earnings: Will New EV Launch Trigger Turnaround?
Portfolio Pulse from Surbhi Jain
XPeng Inc (NYSE:XPEV) is facing bearish signals ahead of its Mona M03 launch on Aug. 27, following its Q2 earnings report on Aug. 20. The stock is down over 50% YTD and is trading below key moving averages, indicating a downward trend. Analysts see a potential 26.23% upside with a price target of $9.
August 19, 2024 | 1:36 pm
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XPeng Inc is facing bearish signals with its stock down over 50% YTD and trading below key moving averages. Despite excitement around the Mona M03 launch, the stock is under pressure. Analysts see a potential 26.23% upside with a price target of $9.
XPeng's stock is trading below its 20-day, 50-day, and 200-day EMAs, indicating a strong bearish trend. The MACD and RSI suggest the stock is close to being oversold. Despite the upcoming Mona M03 launch, the technical indicators point to potential further downside. Analysts' price targets suggest a potential upside, but current market conditions are unfavorable.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100