Haoxin Holdings shares fall 11.16% after hours amid post-IPO volatility and bearish technical indicators.

Haoxin Holdings (HXHX) fell 11.16% in after-hours trading amid liquidity constraints and bearish technical signals following its 26.5% intraday rally. The stock’s sharp post-IPO volatility reflects thin trading volumes (1.09M shares, 43.96% turnover) and a 29.2% discount to its 20-day moving average, exacerbating price swings. Technical indicators—RSI at 12.65 (oversold), bearish MACD (-0.165), and a bearish engulfing pattern—suggest the intraday surge was a short-term rebound rather than a sustained trend. Sector-wide pressures from U.S.-China tariff uncertainties and cold chain margin risks further weigh on sentiment, while historical backtests show intraday surges in HXHX typically reverse within 30 days. The after-hours decline aligns with this pattern, signaling caution as liquidity limitations amplify distribution-driven price action.