. Volkswagen AG Stock News & Technical Analysis - 28 November 2022

Volkswagen AG Stock News & Technical Analysis – 28 November 2022

Volkswagen AG Stock News & Technical Analysis – 28 November 2022

28 Nov 2022

Volkswagen is losing market share in its single-largest market, China.

Volkswagen AG Said that despite some sales gains in recent months, it expects its market share in China to be around 16% this year, down from 20% since 2019.

The German giant is also facing soaring energy costs, supply-chain issues, and delays in delivering in-house software resulting in a disrupted model-release schedule, reports the Wall Street Journal.

China has been Volkswagen’s cash cow for years, making the market-share erosion a particular concern.

The country accounted for 37% of the company’s new car sales last year and 15% of the pre-tax profit from its passenger-car business.

The company operates 40 manufacturing plants in China. The report noted VW was the biggest foreign investor in China last year, citing a study by Rhodium Group, a research institute.

The report further added that Volkswagen has also struggled to win over younger Chinese consumers who are especially attracted to pure battery electric vehicles replete with gadgets—advanced voice-control systems, self-parking, and driver assistance technology.


Daily Chart:

In daily chart Volkswagen AG is currently trading in down channel. Volkswagen AG is currently trading below 5 & 20 SMA.

RSI is in selling zone which indicates bearishness. And stochastic is suggesting down trend.

Volkswagen AG immediate support level is at 178.36 & resistance level is at 182.6.


Volkswagen AG is trading in down channel it, will follow downtrend until their trend reversal. So, remain bearish on Volkswagen AG.

TRADE SUGGESTION: Sell AT 178.36, TARGET AT 172.63, SL AT 182.20