By Mill Chart
Last update: Sep 18, 2023
Our stockscreener has identified a possible breakout setup on LI AUTO INC - ADR (NASDAQ:LI). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:LI for potential opportunities.
Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.
Overall LI gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, LI is showing a nice and steady performance.
For an up to date full technical analysis you can check the technical report of LI
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NASDAQ:LI has a 8 as its setup rating, indicating its current consolidation status.
LI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for LI in the last couple of days, which is a good sign.
One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.
This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.
Every day, new breakout setups can be found on ChartMill in our Breakout screener.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
LI AUTO INC - ADR
NASDAQ:LI (9/22/2023, 7:10:20 PM)After market: 39.26 -0.02 (-0.05%)
Chinese electric vehicle sector rallies on hopes of stable US-China business relations and positive data from Europe. Read more.
Chinese electric vehicle (EV) stocks are up on Friday as investors react to reports of changing regulations in the country.
/PRNewswire/ -- Cheche Group Inc. (NASDAQ: CCG) ("Cheche" or the "Company"), China's leading auto insurance technology platform, today announced a successful,...
Short sellers are betting against auto stocks as the UAW strike extends on. This could end up triggering a squeeze higher.
Some headlines in the financial press are scary, but Li Auto's outstanding EV delivery data should provide comfort to LI stock investors.
Here are the three EV stocks to buy now that are ready for a breakout. Add them to your portfolio before they become expensive.
Power up your investment portfolio and take home big gains with these seven undervalued EV stocks to buy today.
Here are three of the top EV stocks long-term investors need to consider now as ways to play the electrification trend.
Emerging market stocks are certainly worth looking into for any investor that wants to diversify their portfolio. Here are three to know.
Based on good technical signals, LI AUTO INC - ADR is potentially setting up for a breakout.
Long-term investors who want to build out a well-diversified portfolio will want to snag these hypergrowth stocks with huge possibility.
Here are three of the top EV stocks long-term investors should think about buying in this uncertain macroeconomic environment.