Technical Analysis – 19 March 2025

Shares closed at a high since November 2024 with constructive volume. 20dEMA just crossed the 200dEMA.
MACD is positive, RSI is at an overbought level.
Long – Entry 7.10 Target 7.90 Stop 6.70

Shares closed higher above the 50dEMA with a surge in volume. 5dEMA just crossed the 20dEMA and is about to cross the 50dEMA.
MACD is positive, RSI is constructive.
Long – Entry 0.760, Target 0.820, Stop 0.730

Shares closed above the 50dEMA with rising volume. The 5dEMA crossed the 20dEMA.
Both RSI and MACD are constructive.
Long – Entry 510, Target 550, Stop 490

Shares closed at a 5-month high above the 5dEMA with a surge in volume. The 20dEMA crossed the 200dEMA.
MACD is positive, while RSI is at an overbought level.
Long – Entry 101 Target 109, Stop 97

Xpeng Inc (XPEV)

4Q24 Revenue: $2.21B, +23.4% YoY, miss estimates by $20M
4Q24 Non-GAAP EPADS: -$0.20, in-line with estimates
1Q25 Guidance: Expect deliveries of vehicles to be between 91,000 and 93,000, compared to 21,821 a year ago; expect total revenue to be between RMB15.0bn to RMB 15.7bn, representing a YoY growth of 140%.
Comment: XPeng reported earnings in line with market expectations, supported by strong vehicle deliveries and continued margin improvement. The company delivered 91,507 vehicles in Q4 2024, a 52.1% increase from 60,158 in the same period in 2023. With record-high deliveries and ongoing technology-driven cost reductions, XPeng’s vehicle gross margin improved to 10%, marking six consecutive quarters of growth. Looking ahead, XPeng issued a strong Q1 2025 outlook, citing sustained demand for its vehicles. Management emphasized that the company is well-positioned to expand its market share both in China and internationally. Earlier this year, XPeng officially entered the U.K. market as part of its broader European expansion. By the end of 2025, the company aims to establish a presence in 60 countries and regions. As of December 31, 2024, XPeng’s physical sales network comprised 690 stores across 226 cities. However, macroeconomic uncertainties persist, which could lead to higher production costs and softer consumer demand in the near term. 1Q25 recommended trading range: $19 to $26. Neutral Outlook.

小鹏汽车(XPEV)

24财年第四季营收：22.1亿美元，同比增长23.4%，低于预期2,000万美元。
24财年第四季Non-GAAP每股亏损：0.20美元，与预期持平。
25财年第一季指引：预计汽车交付量在91,000至93,000辆之间，去年同期为21,821辆；预计总营收在人民币150亿元至157亿元之间，同比增长140%。
短评：小鹏汽车发布的财报符合市场预期，得益于强劲的汽车交付量和持续的利润率改善。该公司在2024年第四季度交付了91,507辆汽车，较2023年同期的60,158辆增长了52.1%。凭借创纪录的交付量和技术驱动的持续成本削减，小鹏汽车的汽车毛利率提高至10%，实现了连续六个季度的增长。展望未来，小鹏汽车发布了强劲的2025年第一季度展望，理由是其汽车需求持续旺盛。管理层强调，该公司有能力在中国和国际市场上扩大其市场份额。今年早些时候，小鹏汽车正式进入英国市场，这是其更广泛的欧洲扩张计划的一部分。到2025年底，该公司计划在60个国家和地区建立业务。截至2024年12月31日，小鹏汽车的实体销售网络包括226个城市的690家门店。然而，宏观经济的不确定性依然存在，这可能导致短期内生产成本上升和消费者需求疲软。25财年第一季建议交易区间：19美元至26美元。中性前景。