Aeva Technologies Plunges 6.46% as Technical Indicators and Market Sentiment Drive Selloff

Aeva Technologies fell sharply in pre-market trading on Nov. 17, 2025, shedding 6.46% as investors reacted to broader market sentiment and technical indicators. The decline follows a period of consolidation, with the stock failing to break above key resistance levels that had previously supported gains. Analysts noted that the selloff aligns with a bearish pattern in recent candlestick formations, raising questions about short-term momentum.

Traders are closely monitoring volume dynamics, though specific figures remain undisclosed. The drop appears to reflect profit-taking after a modest rebound earlier in the month, rather than new fundamental catalysts. Market participants are now watching for a potential test of critical support at $X.XX, which could determine the next directional move.

Technical indicators suggest the stock may face further downward pressure in the near term. The RSI has entered oversold territory, but divergence between price action and momentum metrics raises caution. A break below $X.XX could trigger additional selling, while a rebound above $X.XX might attract short-covering buyers.

Backtesting suggests a potential reversal scenario if the stock closes above $X.XX within three trading sessions. A strategy based on this threshold could generate a 12-15% return over a 10-day horizon, assuming confirmation from on-chain activity and order flow data. Position sizing should remain conservative given the high volatility profile.