9868 trade ideas
$XPEV - Game Plan July 31st NYSE:XPEV - Game Plan July 31st
Xpeng's stock performance and forecast:
On Friday, July 28th, 2023, Xpeng's stock price rose by 15.68%, from $20.22 to $23.39, with fluctuations between $21.45 and $23.62.
The stock has gained for 3 consecutive days and is up by 66.83% over the past 2 weeks. Volume has increased along with the price, which is considered a positive technical sign, with 59 million shares traded for approximately $1.37 billion.
The short-term trend indicates a strong rising trend, and further rise is indicated.
Xpeng stock holds buy signals from both short and long-term Moving Averages, as well as a buy signal from the 3-month Moving Average Convergence Divergence (MACD).
Support levels are found just below the current price at $20.22 and $19.46, but breaking these levels may lead to a significant drop in the stock price.
The stock is extremely overbought on the RSI14 (84), but due to the trend break-up, the chance of a major correction due to high RSI is considered small.
For the upcoming trading day on Monday, July 31st, Xpeng Inc is expected to open at $22.82 and could move between $21.90 and $24.88.
Despite several positive signals, Xpeng Inc is not considered a strong buy candidate at the current level and is suggested to be a hold/accumulate candidate, awaiting further development.
$XPEV Betting On TechnologyAfter receiving an investment from leading car manufacturer Volkswagen AG (OTC: VLKAF), XPeng Inc. (NASDAQ: XPEV) has become one of the hottest EV stocks in the market at the moment. Through this deal, the company’s cash balance will be boosted substantially which could allow it to further develop its ongoing projects – including the development of a new MPV. Moreover, this deal could aid XPEV’s plans to expand its presence in Europe by utilizing Volkswagen’s distribution network. Given the benefits of this investment for the company, the XPEV stock forecast might be bullish for the long term.
XPEV Fundamentals
Volkswagen recently invested $700 million in XPEV for a 4.99% stake in the Chinese EV manufacturer. This investment is part of a joint plan to manufacture two midsized SUVs inspired by XPEV’s G9 crossover SUV. These SUVs will be sold in China under the Volkswagen brand and production is expected to start in 2026. This could prove to be extremely beneficial for XPEV’s sales and profitability prospects since the company will start receiving “technology service revenue” from Volkswagen starting next year.
In addition to receiving revenue from this deal, XPEV’s cash balance will drastically increase from $1.2 billion as last reported in Q1 2023 to nearly $2 billion. In this way, the company would be able to improve its production capabilities since it is currently developing a new MPV in addition to plans to launch facelifted versions of its P7, G3, and P5 models. Based on this, the XPEV stock forecast could be bright for 2023 as the newly released versions may boost the company’s sales this year.
Another benefit of Volkswagen’s investment in the company is that XPEV may utilize Volkswagen’s resources including its relationship with European distribution centers. Expanding in Europe has always been a target of the company and it is currently available in Nordic countries in Europe. That said, the company now may be able to enter more lucrative markets like Germany for example which would substantially boost sales given the impressive technology the company’s vehicles boast. Since this investment appears to be a turning point for the company, the XPEV stock forecast appears to be bullish in 2023 and beyond which could see the stock continue climbing over the coming months.
Technical Analysis
XPEV Stock is in a neutral trend as it recently entered a sideways channel between $19.93 and $25. Looking at the indicators, the stock is above the 200, 50, and 21 MAs which is a bullish indication. Meanwhile, the RSI is overbought at 82 and the MACD is approaching a bearish crossover.
As for the fundamentals, the recent $700 million investment from Volkswagen is a major catalyst for the stock since it might help the company expand its presence throughout Europe which would lead to drastic revenue growth.
Meanwhile, XPEV has an upcoming catalyst in its Q2 earnings set to be released on August 23 which could send the stock running if the company shows improvement in its bottom line results. With the RSI overbought and with 2 gaps near $20.3 and $15.6, investors could wait for the stock to cool down and consolidate before entering a long position ahead of the company’s Q2 earnings.
XPEV Forecast
With the recent investment it received from Volkswagen, the XPEV stock forecast appears to be bright for the long term given the benefits it is set to receive from this deal. The first significant advantage of this investment is the $700 million the company will receive in exchange for a 4.99% stake in it. Through these funds, the company would be able to further develop its ongoing projects including the development of a new MPV and launching facelifted versions of its P7, G3, and P5 models.
Another advantage is that the deal will boost the company’s sales starting next year as it is set to receive technology service revenue from Volkswagen. In this way, the company may inch closer to profitability due to this new revenue stream. Meanwhile, the most important benefit of this deal is that it might allow the company to expand its presence in Europe and enter lucrative markets like Germany by utilizing Volkswagen’s distribution network. For these reasons, XPEV stock could continue its run until its Q2 earnings in late August given the bullish sentiment surrounding the deal.
XPEV collaborating with VW = China EV on fire !XPEV is trending up. It is Chinese in the biggest EV market on the planet.
No import duties. Low-interest rates on debt and consumer auto loans here
as the government is doing the opposite as the US fed. Now the collaboration
with VW which has legacy excellence in manufacturing with XPEV whose
forte may be technology and autonomous driving innovation. On the 2H
chart, the stock price jumped fast and hard on the news catalyst. The
MACD launched signals over the histogram and the Volume Price Trend
screamed higher. This all spells momentum. While there is a risk of a downfall
reversal and drop as they saying goes make hay while the sun shines.
There may be shadows of short selling squeezing here. Time will tell. For
sure being late to the party is sometimes a waste of time. The real show
will be watching XPEV/ VW competing with both NIO and TSLA in China.
To the victor goes the spoils. Hold on as the ride will have some bumps.
XPEV, LONG TERM UPSIDE SHIFT HAS BEGUN!XPEV is registering massive net buying this past few weeks with positive volume surging +180% -- from an average of 15M to a whopping 42M. This conveys that buyers are definitely back in the scene -- in anticipation of the company's turn around in terms of fundamental and technical aspect.
On monthly data, Histogram has recorded it's first shifting lines after exactly 2 long years. Last one it did was on June 2021. This doesn't come very often so a definite trend shift has started to materialize.
Bubble up volume (bottom indicator) has become more frequent with two appearances this year, one in April and other one this month. Before this it took a year for these to appear. Interest on the stock is back and expect upside price valuation in the next coming days, weeks.
Monthly price shift has started -- and with more weight into it based on price upside volatility.
Spotted at 13.0
TAYOR
Safeguard capital always.
$XPEV Betting On TechnologyAs it looks to compete with Tesla, Inc. (NASDAQ: TSLA) in the competitive Chinese EV market, XPeng Inc. (NYSE: XPEV) appears to be in an excellent position to gain more market share thanks to its new EV – G6 – whose deliveries will begin this quarter. With specifications and software rivaling the Tesla Model Y, XPEV is well-positioned to grow its revenues substantially this year – making the XPEV stock forecast extremely bright in 2023.
XPEV Fundamentals
Rivaling Tesla
In April, XPEV revealed its new EV G6 SUV coupe (G6) which is notable since it could be considered a TSLA Model Y competitor. Both EVs’ dimensions are nearly identical with a difference of only a few millimeters. Additionally, G6 has 292 horsepower making it more powerful than the model Y SR, but slightly less powerful than the model Y SR+. With these similarities in mind, the G6 model could provide XPEV with substantial revenues due to its status as a cheaper model Y alternative.
As things stand a standard model Y costs around $41 thousand, while G6 costs around $31 thousand. This disparity in price provides the G6 model with a clear market advantage over model Y which can be seen in the G6 recording more than 25 thousand preorders within 72 hours of reservations opening.
Another advantage the G6 has over the TSLA model Y is range. Model Y boasts an estimated range of 330 miles, while the G6 has a significantly longer range of nearly 469 miles. Given its features, the G6 could prove to be a major competitor to Model Y which could allow XPEV to gain market share in China.
Not only the G6 would be a strong competitor to Model Y in China, but it could also be a competitor in the European market as there are a few hints in the standard of G6’s construction that indicate that it might be sold outside of China. The first and most notable hint is its rigidity, which allows it to meet the highest safety standard in Europe and North America. The second is that its chassis was tuned by a German professional team which indicates that the G6 was designed to compete with EVs in outside markets.
Self Driving
As things stand XPEV is poised to gain another major advantage over TSLA due to the fact that it is currently monopolizing autonomous driving in China. Recently, some of XPEV’s vehicles gained access to XPEV’s new X NGP navigational software through a wireless update. This feature is available for some P7s, P5s, and G9s which may increase the sales of these models since X NGP is the only Chinese semi-autonomous driving system with approval from Beijing’s transport authorities.
By expanding its autonomous driving capabilities into Bejing, XPEV’s X NGP is now available in Guangzhou, Shenzhen, Shanghai, and Beijing, with plans to expand it to dozens of cities within this year. Based on this, XPEV appears to be on the right track to deliver on its plan to make all of its autonomous driving functions available to drivers across China by 2024. Given that Tesla’s FSD software is not approved in any Chinese province, XPEV has a major edge over the EV giant as it can effectively control the autonomous driving market in China.
XPEV Financials
According to its latest Q1 report, XPEV’s $9.8 billion in assets – $1.2 billion of which are in its cash balance. On the other hand, XPEV has $4.8 billion in liabilities. In terms of revenues, XPEV reported $587.3 million in Q1. However, the company only reported a gross profit of $9.7 million due to its cost of revenues standing at a staggering $577.5 million. At the same time, XPEV reported $390.5 million in operating costs. In this way, XPEV operated at a net loss of $340.2 million.
Technical Analysis
XPEV stock is in a neutral trend and is trading in a sideways channel between its support at $8.85 and its resistance at $11.69. Looking at the indicators, the stock is trading above the 200, 50, and 21 MAs which are bullish indications. Meanwhile, the RSI is neutral at 63 and the MACD recently turned bearish.
As for the fundamentals, XPEV stock just unveiled its G6 model, which is a TSLA model Y competitor, and its X NGP navigational software was recently approved in Bejing which makes it available in 4 Chinese provinces. Given these significant feats, XPEV could be on track to realize substantial revenues in Q3 which could reflect on the XPEV stock price.
XPEV Forecast
As is, XPEV stock is poised to reach new heights as a result of a couple of developments. The first was the unveiling of the G6 EV which is set to become a competitor for TSLA’s model Y. The latter development X NGP’s approval in Bejing which makes it available for use in 4 Chinese provinces. Since Tesla’s FSD software is yet to be approved in any province, XPEV holds a major competitive edge against the EV giant in the Chinese market which could add to its market share – leading to greater revenues in the coming quarters. Thanks to these two impressive feats, the XPEV stock forecast could be extremely bullish in 2023 and beyond.
XPEV XPeng Options Ahead Of EarningsIf you haven`t bought XPEV here:
Then Analyzing the options chain of XPEV XPeng prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2023-7-21,
for a premium of approximately $0.68
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
XPeng negative picture could still be attractive to investorsXPeng Inc. (symbol ‘XPEV’) share price has been trading in a slight bearish momentum for the last 3 months without any signs of bullish reversal. The company’s earnings report for the fiscal quarter ending December 2022 is set to be released on Friday 17th of March, before market open. The consensus EPS for Q4 is $-0,05 compared to Q4 2022’s $-0,24.
‘The share is trading at its all time low since the day of joining the New York Stock Exchange in September of 2020 after losing more than 80% of its valuation in 2022. The profit and loss statement is not looking good with the company recording net losses for the last 4 years and resulting in negative P/E and PEG ratios. The company’s share is undervalued by more than 45% which despite the negative financials it might still be considered an attractive investment option for long term investors since it has the potential to grow and possibly reach its all time high of more than $70 in 2020.’ said Antreas Themistokleous at Exness. ‘Xpeng (XPEV) will join the Hang Seng TECH Index, according to the company on March 7. The company is also expected to join the Hang Seng China Enterprises Index by mid-month, replacing China Feihe.’
From the technical analysis perspective the price has been trading in a declining trading channel in the last 3 months and is currently between the 50 and 100 moving averages , also known as “dynamic area”. The $10 area is a strong resistance since it consists of the 50% of the Fibonacci , the 50 day moving average and also the psychological resistance of the round number.
A continuation to the downside could find some support around $$8,90 which is the 61.8% of the Fibonacci and also an inside support area since late January.
$XPEV: Bullish trend and the emergence of Chinese EV makersI had published a video idea discussing Chinese EV names, and China reopening as a possible bullish catalyst for demand in the EV sector and to keep an eye out for bullish setups in the Chinese EV stocks.
I think the time has come to scoop some $XPEV exposure here, the weekly trend is now confirmed as bullish so the move I was anticipating in my prior post can take place now.
It's an interesting turn of events how China has now emerged as a rapidly growing car manufacturing hub, and likely the most compelling competition for $TSLA in the EV front going forward, as everyone else is lagging behind big time or not as profitably participating in the EV transition. So, considering that, I think we should keep an eye on these names and try and capture swings in them going forward.
Best of luck!
Cheers,
Ivan Labrie.
$XPEV Betting On TechnologyAs one of the hottest Chinese EV manufacturers, XPeng Inc. (NYSE: XPEV) is considered to be one of the most promising EV stocks thanks to its innovative technologies that set it apart from its competition. Since Covid lockdowns in China significantly impacted the EV industry, XPEV reported underwhelming delivery numbers in 2022 – far below expectations. With China now opening up, XPEV stock forecast could be bullish especially with the company planning for 3 new launches in Q1.
XPEV Fundamentals
Deliveries
Considering the challenges facing the EV industry from supply chain woes to China’s Covid lockdowns, EV manufacturers including XPEV have suffered significantly in 2022 as they were not able to deliver on their delivery estimates. Despite this, the industry’s outlook in 2023 appears to be bright especially with China easing its lockdowns. With this in mind, XPEV recently announced its deliveries for December, Q4, and full year 2022.
In this update, XPEV announced delivering more than 11.2 thousand vehicles in December 2022. Based on these deliveries, XPEV was able to beat its Q4 delivery expectations of 21 thousand. Despite this, XPEV fell significantly short of its full year delivery estimates of 250 thousand vehicles as it managed to deliver only 120.7 thousand vehicles in 2022 as a result of the lockdowns that have affected the company’s production. However, many investors are increasingly bullish on XPEV stock forecast in 2023 as the company intends to launch 3 new vehicles in Q1. Considering the company’s vehicles’ impressive technologies, XPEV could be well-positioned to post record deliveries – aiding the company in its path to profitability.
Expanding In Europe
Looking to further expand in Europe, XPEV announced plans to open 4 XPENG Delivery and Service Centers in Norway, the Netherlands, Sweden, and Denmark in the first half of 2023 to aid its EVs in these markets. At the same time, XPEV intends to open additional locations in these markets by the end of 2023 to offer greater coverage in these markets. In light of these plans, XPEV has the potential to witness increased demand for its EVs in these markets which could help the company further expand its offerings in the European market. For this reason, XPEV stock could be one to buy at its current PPS in anticipation of these efforts to roll out.
Autonomous Driving Technology
One of XPEV’s most compelling assets is its groundbreaking autonomous driving technology. In its latest annual Tech Day, XPEV announced a number of impressive technical achievements related to its autonomous technologies. At the core of XPEV’s technologies, XNPG is designed to be its last step before autonomous driving is realized – offering driver assistance in different driving scenarios from highways to complex city roads. Moreover, XNGP achieved a technological breakthrough as it expands to areas not covered by high-precision maps. Since XNGP is China’s most advanced driver assistance technology, XPEV stock forecast appears to be bright for the future as the company could be set to become a global leader in autonomous driving.
In addition to XNGP, XPEV announced its next-generation neural network-based software architecture – XNet – on Tech Day. Unlike the first-generation architecture, XNet is based on an in-house developed neural network for visual recognition with human-like decision making capabilities. This neural network technology replaces complicated manual processing logic to achieve a self-evolving data-driven algorithm and is backed by Fuyao – the largest supercomputing center for autonomous driving in China.
With this in mind, Fuyao’s capabilities could increase the training efficiency of autonomous driving models by more than 600 times. In this way, the time for a model training could be reduced from 276 days to only 11 hours. Additionally, XNet uses only 9% of chip processing compared to 122% thanks to XPEV’s impressive deployment optimization. In light of this, many investors are bullish on XPEV stock forecast in the long-term as it continues developing its autonomous driving technologies.
With autonomous driving a major goal of the company, XPEV established China’s first fully closed-loop autonomous driving data system that includes data collection, labeling, training and deployment. This system is supported by Fuyao’s capabilities as well as a full auto-labeling system. Based on this, the system can address every detected corner case by utilizing a targeted data collection approach to acquire training data from XPEV’s vehicles. Considering XPEV’s AI capabilities, the company was able to reduce incident rates for its Highway NGP functionality by 95% – which is an impressive feat for the company’s autonomous driving efforts.
Robotaxi
As for its robotaxi development efforts, XPEV achieved a major milestone as its G9 SUV obtained intelligent connected vehicle road test permit – making it China’s first commercial vehicle to pass the government-led autonomous driving closed-field test. With this in mind, XPEV’s platform-based robotaxi development intends to generate cost benefits while ensuring product quality, safety and used experience. While it may take the company several years to fully realize its robotaxi ambitions, XPEV stock could be an opportunity at its current PPS in anticipation of further developments regarding this endeavor.
Flying Car
Meanwhile, XPEV is developing a flying car and brought the latest version of its full-electric vertical take-off and landing (eVToL) flying car to light at its Tech Day. Developed by XPEV’s affiliate XPENG AEROHT, the vehicle has been optimized to a new distributed multi-rotor configuration. At the same time, the vehicle’s system design complexity has been reduced to improve flight safety and reliability. On that note, the test vehicle of the new flying car has successfully completed its first flight and several single-motor failure tests. Given the company’s impressive portfolio of technologies under development, XPEV stock forecast appears to be bright for the long-term.
XPEV Financials
Looking into XPEV’s Q3 report, the company has $10 billion in assets including more than $4.4 billion in cash and cash equivalents which can be utilized by the company to further improve its technologies. XPEV also has $4.5 billion in liabilities – $3.2 billion of which are current liabilities. Based on this, XPEV appears to be in a strong financial position which reduces its potential to dilute its shareholders.
Meanwhile, XPEV reported $959.2 million in revenues and had a gross profit of $129.7 million. However, the company incurred $439.2 million in operating costs – leading the company to report a net loss of $334 million. Considering that the company is operating at significant losses, XPEV stock forecast could be bright for the future as the company anticipates to become operating profit positive by 2025 – making it one to hold onto for the long-term.
Technical Analysis
XPEV stock is currently trading at $8.95 and has supports near 8.15 and 6.18. Meanwhile, the stock shows resistances near 9.27, 10.44, 12.10. Since the company posted its Q3 report last November, XPEV stock rebounded significantly from near all-time lows despite posting underwhelming earnings. This rebound has been mainly due to investors’ optimism regarding the company’s future deliveries considering China’s decision to ease its Covid lockdowns. While the stock lost some of its momentum following its run in late November, XPEV appears to be consolidating at its current price level.
However, XPEV stock recently broke through a major support near $9.27 which has become a resistance level. Given that there is a gap on the chart near $7.37, XPEV’s recent price action could signal a further drop to fill the gap. At the same time, XPEV has gaps to the upside near $10 and $11.8. While the company has a number of catalysts this quarter – most notably the anticipated launch of 3 new vehicles, investors could wait for a confirmation of the trend before making a decision. If XPEV fails to break through its resistance, the stock could be headed for a retest of its support near $8.15 or fill the gap if it witnesses a strong selling activity. In that case, the $8 price level could be a good entry point for long-term investors.
Meanwhile, if bulls are able to send XPEV’s PPS past its resistance, investors could have a good entry near $9 since the company’s upcoming catalysts could trigger a major run. Given that XPEV has shown substantial runs on positive news, the stock could be poised to appreciate in value once its upcoming catalysts roll out. With this in mind, XPEV stock is a long-term hold for many investors thanks to the company’s potential as it continues developing its technologies. For this reason, XPEV’s current PPS could be an opportunity for long-term bulls on the company’s potential.
Considering the stock’s dip since the beginning of the year following its price cuts, accumulation is witnessing a slight downtick. Meanwhile, the MACD recently turned bullish following a crossover which could signal a run in the near term. The RSI is holding at 31 indicating that XPEV stock is oversold. Based on these indicators, entering a starter position at XPEV’s current PPS could be a profitable decision as the stock appears to be poised to run in the near future. XPEV has an OS of 856.7 million shares and a float of 518.3 million shares.
XPEV Forecast
With the company looking to move past its 2022 delivery woes, XPEV stock forecast appears to be bright for 2023 and beyond. Considering that the company intends to launch 3 new vehicles in Q1, XPEV could witness increased interest in its vehicles thanks to its advanced technologies. In this way, XPEV could be well-positioned to receive a major boost in its revenues this year. Meanwhile, the company expanding its presence in Europe is a positive catalyst for its future in the European market. Since the company is opening 4 delivery and service centers and plans to open more centers in Norway, the Netherlands, Sweden, and Denmark this year, XPEV could be poised to witness increased demand for its EVs in these markets.
While these endeavors have the potential to set the company for future growth, investors are more bullish on XPEV’s technologies – especially its autonomous driving technology. Meanwhile, XPEV’s development of robotaxi and flying vehicles are catalysts to watch as they play out in the coming years. As the full development of these technologies may take several years, XPEV stock could be one to buy at its current PPS as it has major potential to climb once these technologies are introduced.