Xpeng Stock Surges 4.61% With Bullish Technicals Targeting 24.96 Resistance

Candlestick Theory
Recent price action in Xpeng shows a double-bottom formation around $20.01-$20.10 (September 10–11, 2025), establishing strong support. The September 25 candle closed at $22.25 (near its high of $23.275) with a long lower wick, signaling rejection of prices below $21.72 and bullish conviction. Resistance is evident at the August 26 peak of $24.96 and the $23.50 swing high (September 25). Consecutive bullish candles closing above $21.84 suggest potential upside continuation if $22.00 support holds.
Moving Average Theory
Xpeng trades above all key moving averages—50-day ($21.15), 100-day ($20.40), and 200-day ($19.60)—reflecting a bullish multi-timeframe trend. The 50-day MA crossed above the 100-day MA in late August, reinforcing upward momentum. The recent bounce off the 50-day MA (tested September 23–24) confirms its role as dynamic support. The ascending 200-day MA underpins the long-term uptrend, while the price-MA alignment suggests sustained bullish control.
MACD & KDJ Indicators
The MACD (12,26,9) recently generated a bullish crossover, with the histogram turning positive, signaling accelerating upward momentum. KDJ shows the %K (85) and %D (80) in overbought territory but holding above 70, supporting near-term strength. This KDJ-MACD alignment suggests bullish continuity, though overbought KDJ levels warrant monitoring for potential consolidation. No bearish divergence exists currently, as both indicators align with the price uptrend.
Bollinger Bands
Volatility expanded sharply on September 25 as price surged to touch the upper band ($23.50), following a two-week band squeeze near $21.00. This breakout from consolidation indicates strong bullish momentum. While proximity to the upper band hints at short-term overbought conditions, the expansion validates bullish conviction. Support now rests at the 20-day moving average/mid-band ($21.45). Further upside may test $24.00 if volatility persists.
Volume-Price Relationship
The 15.8 million shares traded on September 25 (the highest volume in three weeks) confirm the 4.61% breakout, indicating robust buying pressure. Volume surged 223% above the prior session, supporting trend sustainability. Conversely, the September 24 gain of 0.38% occurred on below-average volume, reflecting weak participation. This volume divergence resolved bullishly with the high-volume follow-through, reinforcing buyer dominance.
Relative Strength Index (RSI)
The 14-day RSI (65) has risen steadily from oversold lows of 30 (September 10) but remains below overbought territory (>70). This indicates room for further upside before technical exhaustion. The RSI ascent aligns with price gains, showing no bearish divergence. Historically, RSI values above 70 (seen in August) preceded minor pullbacks, but current levels suggest moderate bullish momentum without immediate reversal risks.
Fibonacci Retracement
Using the August 26 high ($24.96) and September 10 low ($20.01), key retracement levels are identified. The 61.8% level ($23.35) aligns with the September 25 high of $23.275, acting as immediate resistance. The 50% level ($22.48) was breached on September 25, now offering support. The 38.2% level ($21.54) converges with the 50-day MA, strengthening its significance. Confluence exists between the 61.8% Fib and Bollinger upper band ($23.35–$23.50), marking a critical breakout zone for continued upside.
Synthesis
Confluence is observed in Xpeng’s bullish trajectory, supported by moving average alignment, volume-backed breakout, and Fibonacci/momentum indicators targeting $23.35–$23.50. The MACD-KDJ agreement reinforces upside potential, though Bollinger Band and KDJ overbought readings suggest near-term consolidation risk below $24.00. No significant indicator divergences exist, with $21.50–$22.00 forming critical support. The technical structure favors continued upward momentum toward the $24.96 swing high, contingent on sustaining above $22.00.