To The Moon

$BYD Co., Ltd.(BYDDY)$

$12.96 (-0.92%): Downtrend Drifting Toward Support — Bulls Need a Hold Above $12.5–13 to Avoid Deeper Slide

BYD Company Limited (BYDDY) closed at $12.96, slipping 0.92% on the day. Volume came in at ~203k shares vs ~2.46M average, showing a weak, low-conviction session.

The ADR now trades roughly 35% below its 52-week high near $20.05, with YTD performance still positive but steadily eroding as sentiment toward China EVs cools and global macro worries linger.

Technical Overview:

• Price remains below both EMA-20 ($13.05) and EMA-50 ($13.58), confirming an established short-term downtrend with a prior “death-cross” structure still in force.

• MACD (12,26,9) stays negative with a shallow but slightly improving histogram – momentum is still bearish but downside pressure is no longer accelerating.

• RSI (14) around 46 sits in the lower-neutral zone, suggesting the stock is not yet oversold and could still drift lower before dip-buyers step in.

Price Levels to Watch:

• Immediate resistance: $13.50–14.00 (EMA cluster + recent breakdown area)

• Next target zone on strength: $15.00–15.50 (late-summer consolidation shelf)

• Support: First at $12.50, then deeper at $12.07; major longer-term support near the 52-week low around $10.60

Fundamentals & Valuation:

BYDDY trades at a P/E (TTM) of ~64.8x, well above the S&P 500’s ~25x and at a rich premium to most global auto peers, embedding strong growth expectations despite the current price war in EVs.

Beta near 0.47 signals lower volatility than the broader market, while a small forward dividend (~1.4% yield) offers modest income but doesn’t fully compensate for valuation risk.

For long-term holders, the core story (EV scale, batteries, buses) is intact, but the ADR’s multiple leaves limited margin for macro or policy shocks.

Outlook:

The current setup tilts bearish-to-neutral in the near term. As long as price stays below $13.50, rallies are likely to be viewed as relief bounces within a broader downtrend.

A decisive close back above $14 with expanding volume and a MACD bull cross would be the first sign that downside momentum is exhausted and a base is forming toward the $15–16 band.

Conversely, repeated failures under $13 coupled with rising volume would increase the odds of a retest of $11–11.50 and potentially the 52-week lows.

Risk & Disclaimer:

BYDDY is exposed to China macro risk, FX and ADR liquidity, EV price-war pressure, and policy/regulatory headlines. The stock can move sharply on sector news, subsidy changes, or geopolitics.

This commentary is based on latest TradingView and Yahoo Finance daily close data and is intended for technical insight only — not investment advice.

Always combine technicals with your own fundamental research and risk tolerance before trading.

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