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A very red day for Meituan stock price after a -5.96% fall in the Wednesday trading session
(Updated on Jun 03, 2026)
The Meituan stock price fell by -5.96% on the last day (Wednesday, 3rd Jun 2026) from $21.48 to $20.20. During the last trading day the stock fluctuated 2.59% from a day low at $20.11 to a day high of $20.63. The price has been going up and down for this period, and there has been a -4.49% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -442 thousand shares and in total, 71 thousand shares were bought and sold for approximately $1.43 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.46% during the next 3 months and, with a 90% probability hold a price between $19.57 and $24.72 at the end of this 3-month period.
MPNGY Signals & Forecast
There are mixed signals in the stock today. The Meituan stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $21.16. On a fall, the stock will find some support from the short-term average at $20.03. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 02, 2026, and so far it has fallen -5.96%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Meituan stock
Meituan finds support from accumulated volume at $19.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.520 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: $18.92 (-6.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MPNGY) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Meituan to open at $20.31, and during the day (based on 14 day Average True Range), to move between $19.75 and $20.65, which gives a possible trading interval of +/-$0.90 (+/-4.54%) up or down from last closing price. If Meituan takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.57 (3.12%) than the resistance at $21.48 (6.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Meituan stock A Buy?
Meituan holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold candidate.
Current score:
-0.649
Hold/Accumulate
Downgraded
Predicted Fair Opening Price
Predicted fair opening price on June 4, 2026 - $20.31 ( 0.561%).
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MPNGY Performance
Trading levels for MPNGY
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20.83 | 3.14% |
| R2 | 20.63 | 2.15% |
| R1 | 20.51 | 1.54% |
| Price | 20.20 | |
| S1 | 20.11 | -0.422% |
| S2 | 19.99 | -1.03% |
| S3 | 19.79 | -2.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.72 | 17.43% |
| R2 | 22.84 | 13.07% |
| R1 | 21.48 | 6.34% |
| Price | 20.20 | |
| S1 | 19.57 | -3.12% |
| S2 | 19.39 | -4.01% |
| S3 | 18.80 | -6.93% |
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