Kandi (KNDI, $8.60) set to launch in the U.S. car market, shares soar 40%
Chinese electric car maker, Kandi Technologies Group, saw shares soar as high as +40% on Wednesday following an approval from the National Highway Traffic Safety Administration of U.S. to import two of its cars.
In fact, in the past year the automaker has witnessed a rise of more than 120%, hitting its highest on Wednesday of $8.53 a share.
The two models ready for shipping are Model EX3 and Model K22 cars. With this, the company is excited to bring its offerings to the American vehicle market. It expects that the balanced price and quality of these two models will become popular with American drivers.
However, Kandi is not an ‘all electric’ automaker like Tesla (TSLA) and Nio (NIO). It is a joint venture with Geely Group, which is one of China's largest automakers.
KNDI sees its Stochastic Oscillator climbs out of oversold territory
On May 28, 2025, the Stochastic Oscillator for KNDI moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 64 instances where the indicator left the oversold zone. In of the 64 cases the stock moved higher in the following days. This puts the odds of a move higher at over .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 12, 2025. You may want to consider a long position or call options on KNDI as a result. In of 88 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for KNDI just turned positive on June 11, 2025. Looking at past instances where KNDI's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where KNDI advanced for three days, in of 234 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
KNDI moved below its 50-day moving average on May 13, 2025 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where KNDI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
KNDI broke above its upper Bollinger Band on June 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for KNDI entered a downward trend on May 09, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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