China-based EV-maker XPeng Inc (NYSE:XPEV) faces bearish signals ahead of an Aug. 27 launch event for the Mona M03, a car model priced under RMB 200,000 (US$28,000).
The launch event comes on the heels of its second-quarter earnings report, scheduled for release on Tuesday, Aug. 20, before market hours.
Wall Street expects the manufacturer to report negative 18 cents in earnings per share and $1.1 billion in revenues as the company.
Let's look at what the charts indicate for XPeng stock and how the stock currently maps against Wall Street estimates.
Chart created using Benzinga Pro
XPeng Stock
XPeng stock is down over 50% year-to-date, and about 18% in the past month, despite excitement surrounding the launch event and its 10th anniversary celebration.
XPeng's stock currently faces strong bearish signals. The share price of $7.14 is trading below its 20-day and 50-day exponential moving averages (EMA), indicating a downward trend.
Chart created using Benzinga Pro
The MACD indicator at a negative 0.36 and the RSI at 41.99 suggest that the stock is closer to being oversold, though there is slight buying pressure as the price is just above its five-day EMA of $6.97.
Technically, the company remains under pressure with its stock trading well below the 200-day EMA of $9.62, pointing to potential further downside despite the upcoming launch. While the Bollinger Bands range between $6.26 and $9.23, the stock is trading near the lower band, reinforcing the bearish outlook.
Investors should closely watch the Mona M03 launch for any potential shifts in sentiment. They should also be mindful of how the Beijing-based company's recent organizational overhaul unfolds. XPeng, like its rival China-based EV-makers NIO Inc (NYSE:NIO) and Li Auto Inc. (NASDAQ:LI), is focusing on artificial intelligence.
Read Also: What's Going On With Chinese EV Manufacturer XPeng Stock Today?
XPeng Analysts See 26.23% Upside: The consensus analyst rating on XPeng stock stands at a Neutral currently with a price target of $16.21. The three most recent analyst ratings for XPeng stock, from BofA Securities, Citigroup and Macquarie, suggest an average price target of $9, implying a 26.23% upside.
XPEV Price Action: XPeng stock was trading at $7.13 at the time of publication.
8月27日上市发布会前夕，基于中国的电动汽车制造商小鹏汽车(XPEV)面临看淡信号，发布一款价格低于人民币20万元(约28000美元)的车型Mona M03。
发布会来得正是时候，此前公司已公布其二季度业绩报告，定于8月20日周二市场开盘前发布。
华尔街预计该制造商将报告每股盈利为-18美分，营收110亿美元。
让我们看看XPeng股票的图表信息，以及该股目前如何与华尔街的预测相比。
使用Benzinga Pro创建的图表
小鹏汽车股票
尽管市场对即将到来的上市发布会和其10周年庆典感到兴奋，小鹏汽车股票今年以来下跌超过50%，过去一个月下跌约18%。
小鹏汽车股票目前面临着强烈的看淡信号。7.14美元的股价正在交易其20天和50天的指数移动平均线(EMA)之下，表明股价正在向下趋势。
使用Benzinga Pro创建的图表
MACD指标为负0.36，RSI指标为41.99，表明该股票接近超售状态，尽管有少量的购买压力，因为股价略高于其5天EMA的6.97美元。
从技术上讲，尽管即将到来的上市发布会，小鹏汽车仍然面临压力，其股票交易明显低于9.62美元的200天EMA，这意味着可能会进一步下跌，尽管Bollinger带范围在6.26美元至9.23美元之间，该股票正在交易接近下限，进一步强化了看淡的前景。
投资者应密切关注Mona M03的发布，以及总部位于北京的公司的最近组织调整如何展开。像其竞争对手中国的电动汽车制造商蔚来股份和理想汽车一样，小鹏汽车也专注于人工智能。
阅读更多：小鹏汽车股票今日何以？
小鹏汽车分析师看涨26.23%：目前小鹏汽车的共识分析师评级为中立，目标价为16.21美元。来自美银证券、花旗集团和麦格理的三个最新的分析师评级表明，小鹏汽车的平均目标股价为9美元，意味着上涨了26.23%。
XPEV的股票价格为7.13美元。
