Technical Analysis Overview for $EH📊 Technical Analysis Overview
📈 Moving Averages
Short-Term (5–20 days): The 5-day and 20-day simple moving averages (SMAs) are at $16.91 and $16.02, respectively. With the current price above these averages, this suggests a short-term bullish trend.
Medium-Term (50–100 days): The 50-day SMA stands at $20.08, and the 100-day SMA is at $18.52. The current price below the 50-day but near the 100-day average indicates potential resistance and a neutral medium-term outlook.
Long-Term (200 days): The 200-day SMA is at $16.48. The current price above this average suggests a positive long-term trend.
🔄 Oscillators and Momentum Indicators
Relative Strength Index (RSI): At 48.11, the RSI indicates a neutral momentum, neither overbought nor oversold.
Moving Average Convergence Divergence (MACD): The MACD is at -0.83, suggesting a bearish signal.
Stochastic Oscillator: With a value of 87.85, this indicates the stock is in overbought territory, potentially signaling a forthcoming pullback.
📉 Support and Resistance Levels
Support Zones:
$16.64–$16.73: Formed by multiple trend lines and moving averages.
$14.48–$14.71: Identified through various time frame analyses.
$14.10 and $13.45: Based on horizontal and trend line analyses.
Stock Screener Tool
Resistance Levels:
$18.44: Short-term resistance.
$26.45: Mid-term resistance.
$25.56: Long-term resistance.
Analysts maintain a Buy rating for EHang, with a 12-month average price target of $26.50, suggesting a potential upside of approximately 41% from the current price.
📌 Summary
EHang Holdings Ltd. exhibits a mixed technical outlook. The short-term indicators suggest bullish momentum, while medium-term signals are neutral, and some oscillators point to potential overbought conditions. Investors should monitor these levels closely and consider waiting for a consolidation or pullback before making entry decisions.
