Xpeng Inc (XPEV): Price Now Near $38.65; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for XPEV

At the time of this writing, XPEV (Get Ratings)’s price is up $0.21 (0.53%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as XPEV has now gone up 5 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

XPEV ranks 7th in terms of today’s price percentage change out of Automobiles and Trucks stocks.

XPEV’s Technical Outlook on the Daily Chart

At the time of this writing, XPEV’s price is up $0.61 (1.6%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as XPEV has now gone up 4 of the past 5 days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows XPEV’s price action over the past 90 days.

XPEV

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