English
Back
Open Account
港股窩輪Jenny
wrote a post · Apr 23 11:35

XPeng Motors breaks below key support, entering a technically weak region, with 61.4 yuan becoming the next defensive observation point.

$XPENG-W (09868.HK)$
On the previous day (the 22nd), the stock closed at 66.350. The price had earlier rebounded from a low of 60.350 and then rose to 81.400 before falling again, recently consolidating near 66 yuan. From a technical perspective, yesterday’s closing price was below the 5-day moving average at 68.750, the 10-day moving average at 67.975, and the 20-day moving average at 68.843, reflecting continued short-term weakness without clear signs of strengthening. Although the stock has been correcting from its highs for some time and is gradually approaching a more significant support zone, overall, it should still be viewed as consolidation after a pullback until it moves back above the short-term moving averages.
$XPENG-W (09868.HK)$ On the previous day (the 22nd), the stock closed at 66.350. The price had earlier rebounded from a low of 60.350 and then rose to 81.400 before falling again, recently consolidating near 66 yuan. From a technical perspective, yesterday’s closing price was below the 5-day moving average at 68.750, the 10-day moving average at 67.975, and the 20-day moving average at 68.843, reflecting continued short-term weakness without clear signs of strengthening. Although the stock has been correcting from its highs for some time and is gradually approaching a more significant support zone, overall, it should still be viewed as consolidation after a pullback until it moves back above the short-term moving averages. From the perspective of the new energy vehicle sector, on the previous day (the 22nd), the market generally pulled back, with only $LI AUTO-W (02015.HK)$ rising by 0.34%, while XPeng Motors, $NIO-SW (09866.HK)$ 、 $LEAPMOTOR (09863.HK)$ 、 $BYD COMPANY (01211.HK)$ , all recorded declines. Technical signals show significant divergence: despite the price decline, XPeng Motors' technical rating remains at 'Buy' with an accompanying 'Strong Buy' signal, indicating the system judges it has entered an oversold area and may be forming a bottom. However, Nio, Leapmotor, and BYD's technical signals are all 'Sell' or bearish, while Li Auto, although up, shows a 'Strong Sell' technical signal. This indicates that XPeng's weak pullback occurs within a broadly soft sector but with extremely oversold technical indicators...
From the perspective of the new energy vehicle sector, on the previous day (the 22nd), the market generally pulled back, with only $LI AUTO-W (02015.HK)$ Up 0.34% slightly, while XPeng Motors, $NIO-SW (09866.HK)$ 、 $LEAPMOTOR (09863.HK)$ 、 $BYD COMPANY (01211.HK)$ All recorded declines.
Technical signals show significant divergence: Despite the stock price drop, XPeng Motors' technical rating is 'Buy' with a 'Strong Buy' signal, indicating that the system judges it to be in an oversold region and may be bottoming out. However, Nio, Zero Run, and BYD’s technical signals are all 'Sell' or bearish. Although Li Auto has risen, its technical signal is 'Strong Sell'.
$XPENG-W (09868.HK)$ On the previous day (the 22nd), the stock closed at 66.350. The price had earlier rebounded from a low of 60.350 and then rose to 81.400 before falling again, recently consolidating near 66 yuan. From a technical perspective, yesterday’s closing price was below the 5-day moving average at 68.750, the 10-day moving average at 67.975, and the 20-day moving average at 68.843, reflecting continued short-term weakness without clear signs of strengthening. Although the stock has been correcting from its highs for some time and is gradually approaching a more significant support zone, overall, it should still be viewed as consolidation after a pullback until it moves back above the short-term moving averages. From the perspective of the new energy vehicle sector, on the previous day (the 22nd), the market generally pulled back, with only $LI AUTO-W (02015.HK)$ rising by 0.34%, while XPeng Motors, $NIO-SW (09866.HK)$ 、 $LEAPMOTOR (09863.HK)$ 、 $BYD COMPANY (01211.HK)$ , all recorded declines. Technical signals show significant divergence: despite the price decline, XPeng Motors' technical rating remains at 'Buy' with an accompanying 'Strong Buy' signal, indicating the system judges it has entered an oversold area and may be forming a bottom. However, Nio, Leapmotor, and BYD's technical signals are all 'Sell' or bearish, while Li Auto, although up, shows a 'Strong Sell' technical signal. This indicates that XPeng's weak pullback occurs within a broadly soft sector but with extremely oversold technical indicators...
This shows that XPeng's weak pullback is occurring in an environment where the sector as a whole is weak but technical indicators are extremely oversold. Its 'Strong Buy' signal contrasts sharply with the generally bearish technical picture of its peers. This usually means that its short-term rebound potential has begun to emerge, but it needs trading volume support to escape the drag of the overall sector.
In terms of market sentiment, investors are clearly leaning towards caution or even pessimism regarding XPeng. Some believe the share price has fallen significantly from its peak and are starting to watch whether mid-term buying opportunities will arise near 60 to 65 yuan; however, more voices are still focused on weakness, slow declines, breaking below the monthly line, and whether the auto sector's rebound has already ended. Some are also interested in short-term trading perspectives, wondering if levels like 65.5 yuan or 66.9 yuan are worth betting on for a rebound, but overall discussions indicate that the market has not yet regained confidence in this stock.
XPeng Motors (on the morning of the 23rd) saw its latest share price fall further to 62.55 yuan, clearly breaking below the previous key support level of 64.7 yuan, entering an even weaker zone with deteriorating technical patterns. Although various oscillation indicators (such as RSI entering the oversold area, with technical signals still indicating 'Strong Buy') show that short-selling momentum has been largely released, the need for technical recovery continues to accumulate, but the current trend is still dominated by bears.
The current share price is running below 64.7 yuan, which has turned from support into new overhead resistance. The next important support reference level below is around 61.4 yuan. The share price needs to first regain position above 64.7 yuan to preliminarily ease the short-term downtrend, while 67.98 yuan (MA10) remains the dividing line for judging whether the trend can make a substantive reversal. In terms of operations, blindly bottom-fishing at the current price is not advisable; one should patiently wait for clear stabilization signals to appear above 61.4 yuan and observe whether it can recover 64.7 yuan with increased volume.
Reply to some investors' views:
@天霸地霸duang If the auto sector's rebound comes to an end, it would indeed be unfavorable for XPeng, especially since it has now broken below multiple short-term moving averages, giving some basis to bearish views.
@龙666 If it really returns to near 60 yuan, it will approach a previously important low area.
@红色大喇叭 Such stocks are indeed waiting for the next stimulating topic, but before any news appears, the technical aspect will continue to focus on weak consolidation.
Based on the above analysis, the strategies for deployment can be divided into the following main approaches:
$CIXPENG@EC2705A.C (25535.HK)$$MBXPENG@EP2609A.P (24569.HK)$$BP#XPENGRC2803B.C (56514.HK)$
$XPENG-W (09868.HK)$ On the previous day (the 22nd), the stock closed at 66.350. The price had earlier rebounded from a low of 60.350 and then rose to 81.400 before falling again, recently consolidating near 66 yuan. From a technical perspective, yesterday’s closing price was below the 5-day moving average at 68.750, the 10-day moving average at 67.975, and the 20-day moving average at 68.843, reflecting continued short-term weakness without clear signs of strengthening. Although the stock has been correcting from its highs for some time and is gradually approaching a more significant support zone, overall, it should still be viewed as consolidation after a pullback until it moves back above the short-term moving averages. From the perspective of the new energy vehicle sector, on the previous day (the 22nd), the market generally pulled back, with only $LI AUTO-W (02015.HK)$ rising by 0.34%, while XPeng Motors, $NIO-SW (09866.HK)$ 、 $LEAPMOTOR (09863.HK)$ 、 $BYD COMPANY (01211.HK)$ , all recorded declines. Technical signals show significant divergence: despite the price decline, XPeng Motors' technical rating remains at 'Buy' with an accompanying 'Strong Buy' signal, indicating the system judges it has entered an oversold area and may be forming a bottom. However, Nio, Leapmotor, and BYD's technical signals are all 'Sell' or bearish, while Li Auto, although up, shows a 'Strong Sell' technical signal. This indicates that XPeng's weak pullback occurs within a broadly soft sector but with extremely oversold technical indicators...
For more market analysis, stay tuned to Jenny's daily updates on 'Hong Kong Stock Warrants'!
Reminder: This article does not constitute any investment advice.
This article is for reference only and does not constitute any investment advice. The market data, opinions, and analysis contained herein may change at any time without prior notice. We are not responsible for any loss or damage caused by reliance on the information in this article. Technical analysis only shows whether certain technical conditions are met; a comprehensive assessment of asset performance should be conducted using additional data. Decisions to trade should not be based solely on this article. Please note that past performance is not indicative of future results.
#HKStocks #Xiaopeng #AutoStocks #Real-TimeAnalysis #WarrantPick #WarrantGuide #DerivativesHedging #HKWarrantsJenny #Blue-ChipStocks #TechnicalAnalysis
$Hang Seng Index (800000.HK)$ $Hang Seng TECH Index (800700.HK)$ $Hang Seng China Enterprises Index (800100.HK)$
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
161K Views
Report
Comment (1)
Write a Comment...
1