Summary
Xiaomi Corporation's stock (XIACY) has shown strong technical buy signals and significant price appreciation, gaining 19.25% since the Trend Seeker buy signal on 12/2.
The company operates in multiple segments, including smartphones, IoT products, internet services, and smart electric vehicles, with a market cap of $110 billion.
Barchart's technical indicators show 100% buy signals, a 152.31% gain in the last year, and the stock is above its 20, 50, and 100-day moving averages.
Despite a strong buy rating from a Wall Street analyst with a $24 price target, MorningStar considers the stock 29% overvalued.
The Chart of the Day belongs to Chinese consumer electronics selling mobile phones and their EVs are outselling Tesla in China - Xiaomo (XIACY) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 12/2 the stock gained 19.25%.
XIACY Price vs Daily Moving Averages:
Xiaomi Corporation, an investment holding company, provides hardware and software services in Mainland China and internationally. It operates through Smartphones, IoT and Lifestyle Products, Internet Services, and Others segments. The Smartphones segment sells smartphones. The IoT and Lifestyle Products segment offers smart TVs, laptops, AI speakers, and smart routers; various IoT and other smart hardware products; and lifestyle products. The Internet Services segment provides advertising services and internet value-added services; and engages in the online game and fintech businesses. The Others segment offers hardware repair services for its products; installation services for certain IoT products; and sells materials and other products. The company engages in the wholesale and retail of smartphones and ecosystem partners' products; sale of smart hardware; development and sale of software, hardware, and television; procurement and sale of smartphones, ecosystem partners' products, and spare parts; procurement of raw materials; and operation of retail stores. It is also involved in the provision of advertising and promotion services; internet services; investment; commercial factoring activities; e-commerce business; sale of e-books; electronic payment technology services; technical services; and integrated circuit chip design services, as well as smart electric vehicle business. Xiaomi Corporation was incorporated in 2010 and is headquartered in Beijing, the People's Republic of China.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 175.44+ Weighted Alpha
- 152.31% gain in the last year
- Trend Seeker buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 13.50% in the last month
- Relative Strength Index 58.43%
- Technical support level at $21.61
- Recently traded at $21.80 with 50 day moving average of $19.65
Fundamental Factors:
- Market Cap $110 billion
- P/E 35.24
- Revenue expected to grow 30.29% this year and another 20.17% next year
- Earnings estimated to increase an additional 24.68% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- A Wall Street analysts issued a strong buy opinion on the stock
- His price target is $24 for a 10% gain
- MorningStar thinks the stock is 29% over valued
- 3,640 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
I really enjoy and solicit your feedback. If you find Chart of the Day helpful please click the envelope in the upper right corner and leave a comment. Constructive criticism is also appreciated
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
