Auto

Show

Resistance

Daily

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Li Auto Inc. (NASDAQ: LI) stock price declined 3.16% in the last week and currently trades at $38.59 (press time).&nbsp;</a> </li> 
 <li> <span>2</span> <a>LI stock price fell below the 50-day exponential moving average.</a> </li> 
 <li> <span>3</span> <a>The daily chart shows the formation of a bullish flag pattern.</a> </li> 
</ul> 
<p>The price analysis of Li Auto Inc. (NASDAQ: LI) stock highlights the weakening short-term strength in the trend. The LI stock price shows volatility, delivering a neutral to mild bearish trend in the short term.</p> 
<p>The daily chart shows the formation of a bullish flag pattern in Li Auto stock and that the price is respecting the upper and lower boundaries of the channel pattern. The LI share may have entered a short-term correction phase after a rally over the last two quarters.<br><br>2023 has been very fruitful for the LI stock investors. The stock has gained 77.3% year-to-date. The stock price persisted in a bullish trend and maintained above the 50-EMA for the last 2 quarters. The price might gain more if more buyers successfully break above the bullish channel.</p> 
<p>The analysts offering a price projection for 1 year in Li Auto Inc. have a bullish outlook. The analysts observe a potential of 87.7% which could take the price to a high of $72.2. On the other hand, the bearish outlook stands at a drawdown of 9.47% from CMP which could drag the price to a low of $34.94.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="552" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634-1024x552.png" alt="How Will Li Auto (LI) Stock React to the Jump in Car Sales in China?" class="wp-image-170061" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634-1024x552.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634-300x162.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634-768x414.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634-750x404.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634-1140x614.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-634.png 1450w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: barchart.com 
  </figcaption> 
 </figure> 
</div> 
<p>LI stock option-chain analysis states that the current implied volatility in the market is 49.96% with an increment of 0.03% in the last trading session. The at-the-money strike price has 1010 open contracts on the PUT side and 188 open contracts on the CALL side highlighting the dominance of buyers at the current level.</p> 
<h2 class="wp-block-heading" id="strong-li-auto-stock-price-shows-weakness-over-daily-chart-strong"><strong>Li Auto Stock Price Shows Weakness Over Daily Chart</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="456" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-1024x456.png" alt="How Will Li Auto (LI) Stock React to the Jump in Car Sales in China?" class="wp-image-170062" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-1024x456.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-768x342.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-1536x684.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-750x334.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635-1140x508.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-635.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Li Auto 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The LI stock currently trades at $38.59 with a 0.52% gain on Wednesday. The price shows volatility over the daily chart and is struggling to sustain above the 50-EMA.&nbsp;</p> 
<p>&nbsp;Analysts are suggesting that LI share price is losing buyers’ momentum. The price currently follows a parallel channel pattern and has entered a short-term correction. The breakout of the channel may align the short-term trend with the long-term and the price could consequently reach new highs. The option chain data also shows the buyers dominating at the lower levels.</p> 
<h3 class="wp-block-heading" id="strong-rsi-and-macd-indicators-show-volatility-and-indecisive-trend-strong"><strong>RSI and MACD Indicators Show Volatility and Indecisive Trend</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="457" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-1024x457.png" alt="How Will Li Auto (LI) Stock React to the Jump in Car Sales in China?" class="wp-image-170063" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-1024x457.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-300x134.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-768x343.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-1536x685.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-750x335.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636-1140x509.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-636.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  <figcaption class="wp-element-caption">
    Source: Li Auto 1D. NYSE By <a href="https://www.tradingview.com/x/3wB4g70u/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>The technical indicators opinion rating including RSI and MACD for the stock indicates a 40% “buy” with the weakest short-term outlook on maintaining the current trend.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p><a href="https://www.thecoinrepublic.com/2023/09/20/li-auto-nasdaq-li-price-at-make-or-break-level-what-next/" target="_blank" rel="noopener noreferrer nofollow">LI stock price</a> currently trades at $95.79 with a 2.66% gain last week. The breakout or breakdown of the descending triangle pattern may further determine the trend.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $37.79 and $34.90</li> 
 <li><strong>Resistance Levels:</strong> $41.01 and $44.54.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

How Will Li Auto (LI) Stock React to the Jump in Car Sales in China?

목차

Thecoinrepublic.com

2023년 9월 21일에 게재된 다른 기사

Help Desk is closed from 28th September to 1st October

Tether Freezes Remitano Funds: Is Your Crypto Safe? USDC Launches on Near Protocol, Kangamoon P2E...

Web3 Gains Popularity Among OnlyFans and Patreon Creators Over Payment Worries

Hoskinson and XRP Community Clash Over Allegations of SEC Bribery

Mt. Gox Trustee Announces One-Year Extension for Repayment Deadline

ChatGPT Picks THORChain, Fantom and Tradecurve Markets for Q4 of 2023

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!