XPeng Vs. NIO: Can Tech, Development Flip The Tables Forward Of Q3 Earnings? – XPeng (NYSE:XPEV), NIO (NYSE:NIO)

The battle of China’s electrical car (EV) giants heats up this week as XPeng Inc. XPEV and NIO Inc. NIO put together to disclose their third-quarter earnings.

XPeng experiences after the bell on Tuesday, whereas NIO follows early Wednesday. Right here’s what the charts and improvements sign forward of those essential experiences.

XPeng: AI Ambitions Meet Bullish Indicators

XPeng is driving excessive on a wave of tech innovation, unveiling the AI-defined P7+, the futuristic AEROHT flying automotive, and the Kunpeng Tremendous Electrical System boasting record-setting charging speeds.

These bulletins come as XPeng inventory developments reasonably bullish, displaying vital shopping for stress.

Chart created utilizing Benzinga Professional

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From a technical standpoint:

• XPeng inventory trades at $13.23, above its 20-day SMA ($12.42), 50-day SMA ($11.54) and 200-day SMA ($9.01) — all bullish indicators.
• Nevertheless, the inventory is beneath its eight-day SMA ($13.70), hinting at short-term promoting stress.

With analysts projecting a 3rd quarter income of $1.38 billion and an EPS lack of 27 cents a share, XPeng’s AI-driven technique and technical setup level to potential upside post-earnings.

NIO: Bearish Setup Regardless of Shopping for Stress

NIO’s inventory, in stark distinction, is mired in a bearish pattern.

Chart created utilizing Benzinga Professional

Buying and selling at $4.71, NIO inventory sits beneath all key transferring averages:

• The eight-day SMA ($4.79), 20-day SMA ($5.07) and 50-day SMA ($5.55) all counsel bearish momentum.

Nonetheless, the inventory has seen shopping for stress not too long ago, which may trace at a possible reversal if earnings impress. Analysts anticipate third-quarter income of $2.54 billion and an EPS lack of 30 cents a share.

The Verdict

XPeng’s bullish technical indicators and innovation narrative place it because the front-runner for investor consideration this week, whereas NIO’s bearish setup leaves it with extra to show.

As each firms face earnings, the battle may set the tone for the subsequent part of China’s EV wars.

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