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XPeng
Ticker: NYSE:XPEV
Price: $44.10
XPeng News
Xpeng Inc (NYSE: XPEV) electric vehicle deliveries rose 112% on a year-over-year basis in 2020, the company said Sunday.
What Happened: The Guangzhou, China-based EV firm said total deliveries for the year ended Dec 31, 2020, reached 27,041 units.
The automaker’s mid-sized P7 sedan reached cumulative deliveries of 15,062 units after mass deliveries commenced in June. The company delivered 11,979 of its compact electric G3 sports utility vehicles.
For the fourth quarter, Xpeng recorded 12,964 EV deliveries, which is a 303% increase year-over-year and a 51% increase compared to the previous quarter.
Monthly deliveries stood at 5,700 units, which is a 326% increase on a year-over-year basis and a 35% increase over November.
Why It Matters: Xpeng is attributing increased deliveries to “increasing brand awareness, expanded sales, marketing and supercharging service initiatives across China.”
Xpeng said last week that it had partnered with Shenzhen-based Livox to deploy the latter’s lidar technology in the automaker’s new 2021 production model.
Business Summary
Xpeng Inc is a China-based company engaged in design, development, production and sales of smart electric vehicles. The Company’s primary products are a type of sport utility vehicle named G3 and a type of four-door sports sedan named P7.
The Company sells its vehicle products under the brand Xpeng. It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service.
Price Performance
Relative Valuation
Technical Indicators
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 57.09.
The projected lower bound is: 32.06.
The projected closing price is: 44.57.
Candlesticks
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.
Momentum Indicators
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
Stochastic Oscillator
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 68.2171. This is not an overbought or oversold reading. The last signal was a buy 2 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.18. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area.
MACD
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 21 period(s) ago.
Rex Takasugi – TD Profile
XPENG INC ADR closed up 1.270 at 44.100.
Open High Low Close Volume
45.400 47.690 43.480 44.100 6,746,044
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
Summary
Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of XPEV.N at a relatively equal pace (neutral).
