Vsee 48 hour Technical analysis

**VSee Health's 48-Hour Technical Analysis** 1. **Significant Price Decline**: Over the past 48 hours, VSee Health (VSEE) has experienced a substantial price drop of 22.94%. This indicates a bearish trend in the short term. |Ticker|Name|Interval Percentage Change|Date|code|market_code| |---|---|---|---|---|---| |VSEE.O|VSee Health|-22.941176470588236|20240805-20240807|VSEE|186| 2. **Technical Indicators**: - The Relative Strength Index (RSI) is at 50.72, suggesting that the stock is neither overbought nor oversold. This could imply a balanced buying and selling pressure. - The Moving Average Convergence Divergence (MACD) is at 0.56, which could be interpreted as a positive signal, as a positive MACD indicates the potential for price increases. - The KDJ indicator is at 33.29, which is typically considered oversold. This could suggest that the stock may be undervalued and could potentially rebound. |Ticker|Name|RSI|MACD|KDJ|Date|code|market_code| |---|---|---|---|---|---|---|---| |VSEE.O|VSee Health|50.7233||33.2912|20240806|VSEE|186| |VSEE.O|VSee Health||0.5568||20240807|VSEE|186| 3. **Moving Averages**: - The 5-Day Moving Average is $3.25, which is below the 10-Day Moving Average of $3.01 and the 20-Day Moving Average of $4.15. This indicates a bearish trend in the short term. - The 20-Day Moving Average is above the 10-Day and 5-Day Moving Averages, suggesting a potential upward trend in the medium term. |Ticker|Name|5-Day Moving Average|20-Day Moving Average|10-Day Moving Average|Date|code|market_code| |---|---|---|---|---|---|---|---| |VSEE.O|VSee Health|3.2376|4.1529|3.0033|20240807|VSEE|186| 4. **Support and Resistance Levels**: The current support level is $3.51, and the resistance level is $3.62. The proximity of the support level to the current price suggests that there could be limited downside risk. |Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Date|code|market_code| |---|---|---|---|---|---|---| |VSEE.O|VSee Health|3.5089|3.6197|20240806|VSEE|186| 5. **Fund Flow**: There was a net fund flow of $1.33 million, indicating investor interest and potential buying pressure. However, the absence of extra-large and block order data limits insights into the intensity of this flow. |Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Net Fund Flow (Block Order)|Date|code|market_code| |---|---|---|---|---|---|---|---| |VSEE.O|VSee Health|1330751||1330751|20240806|VSEE|186| |VSEE.O|VSee Health||||20240807|VSEE|186| In conclusion, while the 48-hour price decline and bearish short-term indicators are concerning, the positive MACD and the proximity of the stock price to the support level suggest potential for a rebound. Investors should monitor the stock closely for any signs of a breakout above the resistance level or a confirmation of a trend reversal.