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.
總部位於中國的電動汽車製造商小鵬公司（紐約證券交易所代碼：XPEV）在8月27日Mona M03的發佈會之前面臨看跌信號，該車型售價低於20萬元人民幣（合28,000美元）。
發佈會是在計劃於8月20日星期二開盤前發佈的第二季度業績之後舉行的。
華爾街預計，該製造商每股收益將爲負18美分，公司收入爲11億美元。
讓我們來看看圖表對小鵬股票的看法，以及該股目前與華爾街估計的對比情況。
使用 Benzinga Pro 創建的圖表
小鵬股票
儘管發佈會及其十週年慶典令人興奮，但小鵬的股票今年迄今已下跌了50％以上，在過去一個月中下跌了約18％。
小鵬的股票目前面臨強烈的看跌信號。7.14美元的股價低於其20天和50天指數移動平均線（EMA），表明呈下降趨勢。
使用 Benzinga Pro 創建的圖表
MACD指標爲負0.36，相對強弱指標爲41.99，這表明該股接近超賣，儘管價格略高於其五天均線6.97美元，因此存在輕微的買盤壓力。
從技術上講，該公司仍面臨壓力，其股票交易價格遠低於200天均線9.62美元，這表明儘管即將上市，但仍有可能進一步下跌。雖然布林帶區間在6.26美元至9.23美元之間，但該股的交易價格在較低區間附近，這強化了看跌前景。
投資者應密切關注Mona M03的推出，以了解市場情緒是否有任何潛在的變化。他們還應該注意這家總部位於北京的公司最近的組織改革是如何展開的。小鵬汽車與其競爭對手中國電動汽車製造商蔚來公司（紐約證券交易所代碼：NIO）和理想汽車公司（納斯達克股票代碼：LI）一樣，專注於人工智能。
另請閱讀：中國電動汽車製造商小鵬股票今天怎麼了？
小鵬分析師認爲上行空間爲26.23％：分析師對小鵬股票的共識評級目前爲中性，目標股價爲16.21美元。美銀證券、花旗集團和麥格理對小鵬股票的最新三位分析師評級表明，平均目標股價爲9美元，這意味着上漲26.23％。
XPEV價格走勢：在發佈時，小鵬股票的交易價格爲7.13美元。
