HSAI Price Prediction Next Week
Analysis and Insights
News Impact Analysis:
Hesai Group (HSAI) has faced significant allegations from short seller Blue Orca Capital, accusing the company of misleading investors about its ties to the Chinese military and raising concerns over its financial disclosures. These allegations have led to a substantial drop in HSAI's stock price, with losses exceeding 10% over the past five days.
Technical Indicators Analysis:
- RSI (14): 49.32, indicating a neutral position, not overbought or oversold.
- MACD: 0.90 (positive), but the signal line is slightly negative (-0.13), suggesting potential bearish momentum.
- SMA: Trading below the 20-day SMA (18.85) but above the 50-day SMA (16.71), indicating short-term weakness.
- Fibonacci Levels: Pivot at 20.16, with key support levels at 16.98 and 15.01.
Price Target and Recommendation:
Given the bearish news sentiment and technical indicators, HSAI is expected to face continued selling pressure. The stock is likely to test the lower Fibonacci support level of 15.01 next week.
Recommendation: Sell HSAI as the combination of negative news and bearish technical signals suggests further downside.
HSAI Similar Chart Price Prediction
The price of HSAI is predicted to go up -1.5%, based on the high correlation periods with QH. The similarity of these two price pattern on the periods is 90.29%.
HSAI
QH
Down: -1.5%Similarity: 90.29%
