XPeng: the bounce stalls, sellers retake control
XPeng closes flat (-0.4%) as sellers retake control of the tape
XPeng: the bounce stalls, sellers retake control
Our view last week
XPeng is in week 11 of a sell signal, up 21.5% since entry. The week just closed recovered 8.2%, the first gain after three straight down weeks, with volume back in balance between buyers and sellers. The decline isn't over, but it has lost drive: the price now works within a tight corridor between two close-by technical references.
This week's summary
XPeng shares closed the week nearly flat, -0.4%, after last week's 8.2% bounce: the rally stalled, and sellers took back control, with 80% of volume on the sell side and the last candle dominated to an extreme. The stock is still boxed into the same tight corridor between the 12.76 area and the 13.12 area, with the decline still in charge.
IQS Phase
74
in tension
Signal Strength
2
decline losing steam
Sizing
MINIMUM
Ranking
#136 / 137
US stocks
Trade P&L %
+21.79%
from signal to today
restricted Platinum content