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Stock Charts AI Power Rank: 8.7
Power Rank trend -> Rising
10/08/2024 10:44:00 EST
Li Auto Inc (LI)
Industry: Auto Manufacturers
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, LI has been trading in a range between $29.90 and $18.88 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
LI is trading between resistance at $29.20 about 5% to the upside and support at $21.27 -24% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $46.21, about a 66% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Li Auto Inc $LI entered a Green zone 21 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $53.86, a potential upside of 76.53% from the recent price of 30.51. The stock is trading 52.21% (potential upside) below its 52 week high of $46.44 and 74.94 % (potential downside) above its 52 week low of $17.44 - based on the recent price.
Company Summary
Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles.
News
| Why LI, GDS, and PDD Stocks Are Moving Today Chinese stocks are capturing attention today as investors react to recent stimulus measures by the Chinese government alongside a strong U.S. jobs report. Interestingly, despite positive analyst upgrades, PDD Holdings (PDD, Financial) experienced a dip of 1.96% in its stock price, currently trading at $151.24. Source: GuruFocus Mon, 07 Oct 2024 12:00:51 -0400 Sentiment: Positive |
| Li Auto and GDS Holdings Are Rising Today, While PDD Holdings Is Falling Analysts are now conflicted on Chinese stocks after an epic run over the past few weeks. Source: The Motley Fool Mon, 07 Oct 2024 11:57:00 -0400 Sentiment: Negative |
| Li Auto Inc. Sponsored ADR (LI) Exceeds Market Returns: Some Facts to Consider Li Auto Inc. Sponsored ADR (LI) reachead $29.29 at the closing of the latest trading day, reflecting a +1.61% change compared to its last close. Source: Zacks Investment Research Fri, 04 Oct 2024 18:51:24 -0400 Sentiment: Neutral |
| LI Stock Rises on Chinese Stimulus and Strong Deliveries Stocks of several Chinese companies have experienced notable movement this week, primarily spurred by China's expanded stimulus plans. Li Auto (LI, Financial) recorded a price increase of 0.24%, reflecting investor optimism in the broader economic context. Source: GuruFocus Fri, 04 Oct 2024 14:25:46 -0400 Sentiment: Positive |
| Chinese EV and Solar Stocks Soared This Week Can stimulus save the Chinese economy? Source: The Motley Fool Fri, 04 Oct 2024 14:21:05 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 46.44 52 Week Low: 17.44 Beta: 0.968 50 Day MA: 21.0615 200 Day MA: 26.1736 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.518 Qtr Revenue Growth YOY: 0.106 Forward PE: 13.8696 Trailing PE: 22.2701