Current Market Development
- Price Development: On May 2, 2025, BYD stock exceeded the 50-day line at a price of 44.12 EUR, indicating an upward trend. The last price was about 43.94 EUR.
- Long-term Trend: Since August 15, 2024, BYD stock has been in a long-term upward trend, with a value increase of approximately 75.03%.
- Support Level: The lower limit of 40 EUR has been solidly defended, which is seen as a sign of the continuing upward trend.
Company News
- Expansion Plans: BYD plans to build a new large factory in Hungary, emphasizing strategic expansion in Europe.
- Economic Outlook: The positive economic outlook for BYD, particularly in the Chinese market, contributes to analysts’ optimism, who predict a possible price increase above 50 EUR.
Comparison with BYD Electronic
- BYD Electronic: In contrast to BYD stock, BYD Electronic stock has been in a long-term downward trend since April 3, 2025, with a value loss of about 14.94%. However, BYD Electronic stock has recently exceeded the 20-day line.
Overall, BYD stock shows strong performance, supported by positive company news and market developments. This momentum makes it appealing for investors looking for growth.