Xpeng Inc. (NYSE:XPEV) and
Li Auto Inc. (NASDAQ:LI) all recently reported first-quarter sales, and all three companies reported growth in sales and deliveries.
Here s a technical look at Nio, XPeng and Li Auto stock.
Nio Daily Chart Analysis: The daily chart above shows Nio stock is trading in a channel and may potentially be forming a head-and-shoulders pattern.
The stock is trading in a channel (red) between $30 and $60. These are levels the price has struggled to cross in the past.
The chart also looks to be forming what technical traders call a head-and-shoulders pattern. This bearish reversal pattern may move the stock back downward for a time.