BYD shares: decision! – Financial trends

Despite a slight decline of -0.16% on Friday, shares of Chinese electric car maker BYD managed to end the week with a strong gain of around 4.3%. Although this gain is not enough to speak with certainty about a new trend, it suggests that a review of the stock may be underway.

The state of competition between China and the United States

The dispute over supremacy in the electricity market between China and the United States is a topic that concerns investors and market observers alike. However, recent discussions in this area do not seem to be as disturbing as before, which may have a positive effect on companies such as BYD.

BYD sales forecast

BYD stock chart

BYD itself has ambitious plans and expects sales to increase by around 20% in the new year. If these expectations are met and geopolitical tensions between China and the US do not escalate, this could mean further gains for stocks.

Analyst expectations and technical view of charts

Market analysts are interested in the perspectives of Share in BYD they believe and predict an increase in the stock price to more than 30 euros. However, the target is currently on the key technical chart mark around 25 euros. Investors and analysts are placing their hopes on the stock to be able to overcome this threshold and thus pave the way for further growth of the price.

In summary, BYD continues to send positive signals despite minor setbacks. Company forecasts and assessments of market experts indicate possible price growth. The future of the stock may look bright, as long as geopolitical developments do not cause unexpected turbulence.