DiDi Stock Price: Chinese Rental Car Company with Over 550 Million Users and Tens of Million Drivers in Beijing
DiDi stock price today is 12.49 USD with a volume of 233,531,419. At the same time, its chart fluctuates between 11.58 USD – 12.63 USD. DiDi stock price was a maximum of 18.01 USD and a minimum of 11.58 USD within 52 weeks. Average volume of the stock is 191,191,327, and it is ranked 60.242B in the MarketCap listings. DiDi stock price’s target point at the end of 1 year is 24.99 USD.
Summary of DiDi Stock Price
DiDi stock price fell 19.58% from $15.53 to $12.49 on the last day. This is the 3rd day after 2 consecutive days of falling. During the day, the stock fluctuated 9.07%, rising from a one-day low of $11.58 to a daily high of $12.63.
The price has fallen in 2 of the past 10 days. This period fell by 11.67% for the total. Volume increased in contrast to price performance on the last trading day. The opposite movement of volume and price is a bad technical analysis result. The risk is increased and can be an early warning signal.
Volume increased by 123 million shares on the last trading day as prices fell. It will be important to observe the DiDi stock price for the next few days as the risk will increase. In total, 224 million shares were traded for approximately $2.80 billion.
The stock is below a broad, bearish trend in short-term trading. We can normally consider this as a very good buying opportunity. If DiDi stock price can break the lower trend base at $12.39, we could face a stronger bearish first. If we evaluate the current short-term trend, the stock could drop 10.28% over the next 3 months. It can also cost between $11.12 and $13.67 at the end of this 3-month period.
DiDi Global Inc.
DiDi Global Inc is a mobility technology platform. The previous name of the company was Xiaoju Kuaizhi Inc. It changed its name to DiDi Global Inc in June 2021. They founded DiDi Global Inc in 2012 and are headquartered in Beijing, China.
The platform is responsible for ride-hailing and other services in the People’s Republic of China, Brazil, Mexico and internationally. It offers ride-hailing, taxi-hailing, chauffeur, hitchhiking and other shared mobility services. In addition, it offers enterprise business travel solutions, auto solutions including rental, refueling and maintenance and repair services, electric vehicle rental, bike and e-bike sharing, urban transportation, food delivery, and financial services.
Analysis of DiDi Stock Price
When we examine the DiDi stock price chart, there is hardly any positive signal. We got a sell signal from a pivot high on November 30. It could see further declines until a new bottom pivot. Volume rose yesterday despite falling prices. Contrary movements in volume and price can act as an early warning and increase risk.
When we look below the current level, we cannot see support from the accumulated volume. If it goes this way, it seems that the stock will perform badly in the coming days. Analysts’ recommended stop-loss for this stock is $0.62.
DiDi stock price generally does not have much volatility. This low volatility and good liquidity reduce the risk of the stock. During the last day, the stock has moved between the maximum and minimum at $1.05 and 9.07%. Last week, this fluctuation rate was 11.58%.
Should You Buy DiDi Stock Price?
DiDi stock price seems to have negative signals overall. Normally we can treat this as a sell signal. However, contrary to our predictions, there is hope for a return for this stock. Therefore, instead of selling this stock right now, we can wait a little longer. We’ll examine the DiDi stock price a bit more over the next few days and ultimately decide whether to HOLD or SELL. During an investment, it is important to take the right steps by waiting and observing instead of making a decision immediately. Remember that investing is a matter of patience.