XPeng's EV Glory Faces Technical Trouble: Can Volkswagen Collaboration Drive A Comeback?

XPeng Inc.-ADR XPEV has been the darling of the Chinese EV market, posting a 66% gain over six months. However, technical signals suggest the stock's momentum may be stalling.After a December delivery surge and ambitious plans with Volkswagen AG VLKAF VLKPF, XPeng's stock has slipped 12% in the past month, and the charts are raising red flags.XPEV Stock Chart’s Technical Breakdown Chart created using Benzinga ProXPEV stock, at $12.39, is lagging behind its 20-day ($12.55) and 50-day ($12.52) simple moving a ...