XPeng Inc.

What is XPEV?

XPeng Inc. has become a proven leader in the rapidly growing Smart EV market, producing popular and environmentally-friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). Its Smart EVs offer attractive design and high performance, coupled with safety and reliability. Its Smart EVs appeal to the large and growing base of technology-savvy middle-class consumers in China. XPeng Inc. primarily targets the mid- to high-end segment in China’s passenger vehicle market.

Is XPEV a good pick?

XPeng is going through a period of accelerated growth due to the technology it is introducing in the automotive market. XPeng is achieving record sales figures in the last quarter due to its high technology in electric cars but in this sector there is still a lot to grow which is good for XPeng as they are betting on competing in a very complicated market but nevertheless the results obtained are being very favorable.

Technical analysis

From July 27, 2021, to August 04, 2021, the share price increased 32%, primarily because the Fed was keeping rates near zero and strong economic data. In the following two weeks, XPEV fell -20% due to the resurgence of regulatory fears in China. From August 17, 2021, to August 31, 2021, the share price recovered 18% to $42.50. From September 01, 2021, to October 04, 2021, it took a downward trend falling -21% after Evergrande, one of the world's largest real estate companies announced a crisis. On October 05, 2021, XPEV took a long bullish trend increasing in value an incredible 68% due to Xpeng announcing a series of innovations that will change the way we drive today, for a new technology system taking care of the environment, starting December 2021 the bullish trend stopped. From December 01, 2021, to December 20, 2021, the share price reduced -31% due to the tech sector in China falling and high inflation numbers but it recovered 33% after XPeng announced that it is working on a Robotaxi that disrupts the technology market. From January 03, 2021, to today the share price declined -9% to $46.66.

According to current technical indicators, the share price could increase 9% to $51.04 touching 0.236 resistance minimum but if it breaks the 0.236 resistance the stock price could reach a 20% increase in value to $56.45 price per share.