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- 1 LI stock price decreased by 6.65% over the past week and increased by 1.29% over the past 24 hours.
- 2 Li Auto Inc. ( NYSE: LI) stock’s 52-week price range is $12 – $47.
The Li Auto stock recently publicized its Q2 earning report on August 8th, 2023, the reported earnings gave a positive surprise by 46.79% from the estimated earnings. Moreover, the reported revenue also gave a positive surprise by 6.29% from the estimated revenue.
Li Auto has a debt-to-equity ratio of 15.8%, as reported by Simply Wall St. This implies that it has less debt than equity, which is the difference between Li Auto’s total assets and total liabilities. Li Auto’s debt is $7.79 Billion, while its equity is $49.24 Billion.
Li Auto experienced an incline in its earnings at a rate of 40.3% per year on average, according to Simply Wall St., a financial website. The auto industry’s average annual earnings growth is 24.3%. Therefore, Li Auto’s earnings are higher than the industry average.
Moreover, Li Auto Inc. (LI) stock market capitalization is $40.03 Billion and the total revenue is $6.725 Billion. Moreover, the stock’s basic EPS is $0.26 and the price-to-earnings ratio is 177.69.
Technical Analysis of LI Stock Price in 1-D Timeframe
The price action shows that Li Auto Inc. ( NASDAQ: LI) stock price was in an uptrend from the last three months increasing by 40.08%. On June 1st, the stock took support on the demand zone around $19.53 with liquidity, and faced rejection after reaching a high of $47.33 and the price fell.
At the time of writing, Li Auto stock (LI) is trading at around $40.82 and facing the nearest resistance around $45.88 and most probably Li Auto stock might decline more as selling pressure is high and drop back to the liquidity demand zone.
Therefore, If Li Auto fails to maintain the current level. The LI price could continue to drag downwards and hit the nearest support levels around $38.17 and $36.07.
However, if the stock price sustains the current level and the Li Auto price increases, then it might reach the nearest resistance levels of $45.88 and $47.36.
At the time of publishing, Li Auto Inc. (NASDAQ: LI) is trading below the 20-day exponential moving average (EMA), which declines the Li Auto price (LI) trend.
Furthermore, a 50-day EMA is supporting the price if more selling volume rises in Li Auto stock then the price might capture supporting EMA by making lower highs and lows.
Hence, the Li Auto price is anticipated to fall downwards as EMA’s are showing a bearish outlook over the Li Auto Inc. daily time frame chart.
The current value of RSI is 51.89 points. The 14 SMA is above the median line at 64.51 points which indicates that Li Auto stock is in bearish territory and the RSI took rejection from 14 SMA and is headed towards an oversold zone indicating bearishness.
The MACD line at 1.01 and signal line at 1.68 are above the zero line and both lines have crossed each other. A bearish crossover is noticed in the MACD oscillator which expresses bearishness for the Li Auto stock price.
Summary
Li Auto Inc (NASDAQ: LI) stock, highlights that the investors and traders of the stock price are negative over the daily time frame(1-D). The price action also gives bearish views at the time of publishing. The technical analysis tools of Li Auto stock price also support bearishness. The EMA, RSI, and MACD highlight downward signals and indicate that a downtrend may continue in Li Auto stock price.
Technical Levels
- Support levels: The nearest support levels for Li Auto stock price are $38.17 and $36.07.
- Resistance levels: The nearest resistance levels for the Li Auto stock price are $45.88 and $47.36.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
