Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>XPeng stock chart shows selling pressure and is heading toward the demand zone of 100 EMA.</a></li>
 <li><span>2</span> <a>Sellers gained momentum and looked aggressive in the past sessions.</a></li>
</ul>
<p>XPeng stock price has been struggling to break above the key resistance level and is stuck below it. Currently, XPeng stock needs more buyers to support an upward movement toward recovery. However, the trading volume is low, which indicates a lack of interest and momentum. At the same time, XPeng shares have broken below the 20 and 50-day daily moving averages, which are bearish signals.</p>
<p>XPeng stock price lost 8.81% last week; it fell by 10.73% in the month. Moreover, XPEV stock witnessed a gain of about 46.20% in the past six months and a gain of 75.24% over the past year.</p>
<p>Also, the XPEV share price dropped by around 51.83% year to date. These trends collectively show the recent weakness in the stock price.</p>
<p>Technical indicators highlight the corrective trend of XPeng stock price. Relative strength index (RSI) and moving average convergence divergence (MACD) both indicate the neutral trend in XPeng share price.</p>
<p>The price at present requires substantial support from the buyers in order to make a recovery as it is facing major resistance from the previous resistance points and multiple moving average levels. Buyers and sellers are giving each other a tough time.</p>
<p>The price may soon attempt to make a bullish recovery. However, as it is below the key EMA levels, the buyers will have to face multiple resistance levels in order to attain the target. Buyers are presently making continuous efforts to take charge of the trend.</p>
<p>On the daily charts, XPeng stock shows sellers’ dominance and slipped below neutrality, showing a negative outlook on the charts. Overall, the technical indicators and price action suggest that XPeng stock is neutral.</p>
<h2 class="wp-block-heading" id="strong-technical-evaluation-of-xpeng-stock-strong"><strong>Technical Evaluation of XPeng Stock</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/tgxmCQrbMTV5SUvYvv1OYYn5F_lnk0Ur-7CuqmTE9UvdQmICxeGDjpJiEnhsy1q5DHuMt5Xl9dUFSL5maBMX5Y1vrHT7TkxkGOrMFhCfhrhdhwlIKHSyIu6-k7-WNlgeTe0w1i1acDz7K2_a0jLIpZ0" alt="XPeng Stock: What to Expect With XPEV Stock in Oct-2023?">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p>At the time of publishing, XPeng stock (NYSE: XPEV) is trading below the 50 and 20-day exponential moving averages (EMAs), which are supporting the price trend.&nbsp;</p>
<p>The current value of RSI is 42.71 points. The 14 SMA is below the median line at 49.15 points, indicating that the XPeng stock is bearish.</p>
<p>The MACD line at -0.1971 and the signal line at -0.0493 are below the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the XPEV <a href="https://www.thecoinrepublic.com/2023/09/26/xpev-stock-price-falls-below-50-day-ema-is-the-price-discounted/" rel="noopener noreferrer nofollow">stock</a> price.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>XPeng stock (NYSE: XPEV) technical oscillators also support the mild bearish trend. The MACD, RSI, and EMA emphasize negative signs and imply neutrality in the XPEV stock price. XPeng price action suggests that the investors and traders are mildly bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p>
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3>
<p>Support Levels: The XPeng stock price may find support at $15.45 and $14.18, where it could bounce back or stabilize.</p>
<p>Resistance levels: The XPEV stock price may face resistance at $19.95 and $22.00, where it could reverse or consolidate.</p>
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

XPeng Stock: What to Expect With XPEV Stock in Oct-2023?

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