Hesai's 15-minute chart triggers MACD death cross, Bollinger bands narrowing.

Hesai's 15-minute chart has triggered a MACD Death Cross and Bollinger Bands Narrowing at 10/02/2025 13:15. This indicates that the stock price is likely to continue its downward trajectory, with a diminishing magnitude of price fluctuations.

Hesai Group (NASDAQ: HSAI) has seen significant technical indicators suggesting a potential downward trend in its stock price. As of October 2, 2025, at 13:15, the 15-minute chart for Hesai Group triggered a MACD Death Cross and Bollinger Bands Narrowing. These indicators point to a likely continuation of the stock's downward trajectory with diminishing price fluctuations.

The MACD Death Cross occurs when the MACD line crosses below the signal line, indicating a potential change in the stock's momentum from bullish to bearish. Bollinger Bands Narrowing, on the other hand, suggests that the stock's price volatility is decreasing, which can be a sign of a potential trend change.

Hesai Group's stock price has been trading around its fair value estimate, with a current share price of US$28.3, which is close to the estimated fair value of US$26.00 based on a 2-stage free cash flow to equity model Calculating The Intrinsic Value Of Hesai Group (NASDAQ:HSAI)^[1]. Despite this, the stock's technical indicators suggest a potential downward movement, which investors should consider.

Investors should also be aware of the company's financial health and risks. Hesai Group has been experiencing diluted shareholder value and has been trading at an expensive P/S ratio compared to its estimated fair value. Additionally, the company's annual earnings are forecast to grow faster than the American market, presenting an opportunity but also a potential threat if the market does not meet expectations.

In conclusion, while Hesai Group's stock price appears to be around fair value, the recent technical indicators suggest a potential downward trajectory. Investors should carefully assess the company's fundamentals and risks before making any investment decisions.