As we notice that electrification is coming at a very fast pace in our lives, it would be good to study and make a plan on tolerated shares on the topic of electrification. In today's article we will talk and do technical analysis on 5 stocks and where we can buy them.
You can buy the specific shares from freedom24 and take advantage of the zero commission offered by the platform link here https://freedom24.com
XPeng (XPEV) | Guangzhou Xiaopeng Motors Technology Co Ltd, doing business as XPeng Motors, commonly known as XPeng, is a Chinese electric vehicle manufacturer.
NIO (NIO) | NIO is a Shanghai-based Chinese multinational automotive company specializing in the design and development of electric vehicles. The company is known for developing battery swap stations for its vehicles as an alternative to conventional charging stations.
lucid (LCID) | Lucid Group, Inc. is an American electric vehicle manufacturer based in Newark, California. The company was founded in 2007.
Rivian (RIVN) | Rivian Automotive, Inc. is an American electric vehicle and automotive technology company founded in 2009. Rivian builds an electric sports utility vehicle and truck on a "skateboard" platform that may underpin future vehicles or be adopted by other companies.
Li Auto (LI) | Li Auto Inc., also known as Li Xiang, is a Chinese electric vehicle manufacturer based in Beijing, with production facilities in Changzhou.
|XPEV||XPeng Inc.||$ 26,89|
|NIO||NIO Inc.||$ 20,68|
|LCID||LucidGroup, Inc.||$ 21,48|
|RIVN||Rivian Automotive, Inc.||$ 34,13|
|LI||Li Auto Inc.||$ 36.06|
XPeng | A few words and technical analysis.
The stock XPeng it's a pretty attractive stock and I like it quite a bit, The last half has corrected 58% and the buy levels I would look at the DCA strategy would be around $20. I would also see how the stock reacts on the OBV indicator around 56.338M. However, with the DCA method you can buy every month at a certain point.
For the first quarter of 2022 XPENG stock reported an increase of vehicle deliveries up 159% and revenue up 152%. My target for this stock in 2023 is to approach the $45 level again.
XPeng | Technical analysis
Η NIO is a Chinese multinational automobile manufacturer based in Shanghai specializing in the design and development of electric vehicles. NIO would have been one of the first shares, however, several things did not go very well and as a result the stock fell considerably.
Investors' biggest fear was a possible delisting from the US stock markets. In addition, the increase in cases in China had negatively affected car deliveries.
It should also be noted that NIO plans to expand to over 25 countries by 2025 which could skyrocket sales of electric cars. As of December 2021, NIO reported cash and equivalents of $8,7 billion.
As we look at the NIO chart we see the big 80% decline since late 2021 and it has found support at the $13 support. The first observation I see is that to have a better confirmation that the price of NIO will go up I would like to break the 200 ema which is in white line, now if someone wants to do DCA the levels I would look at would be $13. The goal for the stock in 2023 is to reach the $60 level again.
NIO | Technical analysis
LCID | A few words and technical analysis.
The stock lucid is another electric vehicle stock that has fallen quite a bit in recent months along with the rest of the market. Lucid Group, Inc. is an American electric vehicle manufacturer based in Newark, California. The company was founded in 2007.
The positive news for the company is that it recently received an order from the government of Saudi Arabia to purchase up to 100.000 vehicles. The company also accepts online orders from 17 countries. It's also worth noting that lucid reported cash and equivalents of $5,4 billion.
as we look at the stock what we see is a pretty big drop and it has found some pretty strong support at the $16 levels. What I would expect to get a better picture of the stock I would expect it to break the 200 ema white line. Anyone interested in doing DCA In the stock $17 levels are good enough to build positions. Price target is the level of the descending line at $50.
Lucid | Technical analysis
Rivian stock fell from a high of $179 to as low as $27. Scouting I think is a pretty big opportunity for one to accumulate shares. She herself Goldman Sachs mentioned that Rivian is one of the companies that could pass Tesla in the long run.
Rivian has too 17 billions of dollars in cash and equivalents from March 2022. This tells us that the company can continue very strongly in the next 12 to 24 months.
It should also be noted that the company obtained a large increase in orders with the delivery truck from Amazon is an item that could provide long-term revenue projection
Our technical analysis shows that the stock has corrected -88% from its highs of $179 and has now moved out of the downtrend and into a form of sideways movement. The levels I would look to buy are $20, now anyone looking to do DCA the zone between $34 and $20 is a good level to pick up shares.
Rivian | Technical analysis
Li car | A few words and technical analysis.
Li Auto Inc., also known as Li Xiang, is a Chinese electric vehicle manufacturer based in Beijing, with production facilities in Changzhou.
lil Auto outperformed other Chinese stocks. For the first quarter of 2022 the company reported operating cash flow of $289,3 million and as of March 2022 Li Auto reported cash and equivalents of $5 billion, these are very good figures because it will be able to have a lot of flexibility for investment and the expansion of new stores.
As we look at the chart it is one of the best we have seen today the stock is in a sideways pattern although it has given a very good confirmation that it has broken the $33 zone but if it loses it the levels I would expect to buy it will be in the bullish line around $20. Now anyone who wants to do DCA scouting would wait to see how the price will react because it is quite high.
Li Auto | Technical analysis
If you were interested in any of the stocks we showed you can buy them from the freedom 24 link here https://freedom24.com
🚨 This particular article is not an inducement to buy, I'm just saying my own opinion about the shares, in investments there is a great risk of losing money, always do your research because I'm not a financial advisor. 🚨