Hesai's 15min chart sees MACD Death Cross, KDJ Death Cross triggered.

Hesai's 15-minute chart has recently exhibited a MACD Death Cross and KDJ Death Cross at 09:45 on September 17, 2025. This technical indicator suggests that the stock price may continue its downward trajectory, with the momentum shifting towards a more bearish outlook. As such, there is a potential for further decreases in the stock price.

Hesai Group, a leading Chinese producer of LiDAR systems for Advanced Driver-Assistance Systems (ADAS) and autonomous vehicles, celebrated its Hong Kong listing on September 16, 2025. The company offered 17 million Class B shares priced at HKD 212.8, raising HKD 4.2 billion (US$ 533 million) China’s Hesai Group lists shares on HK exchange^[1].

The stock's performance on the first day of trading was promising, with the share price rising by 7% China’s Hesai Group lists shares on HK exchange^[1]. However, recent technical indicators suggest a potential downturn. On September 17, 2025, at 09:45, Hesai's 15-minute chart exhibited a MACD Death Cross and KDJ Death Cross, indicating a shift in momentum towards a bearish outlook LiDAR maker Hesai surges on Hong Kong stock market debut^[2].

The MACD (Moving Average Convergence Divergence) and KDJ (Keltner Channels) indicators are widely used by traders to identify trend reversals. A MACD Death Cross occurs when the MACD line crosses below the signal line, signaling a potential change in the trend from bullish to bearish. Similarly, a KDJ Death Cross indicates a potential shift in the trend towards a bearish outlook LiDAR maker Hesai surges on Hong Kong stock market debut^[2].

Hesai Group's strong fundamentals and robust growth prospects have been evident in its recent financial performance. The company delivered 547,900 LiDAR systems in the first half of 2025, a 276% increase over the same period last year China’s Hesai Group lists shares on HK exchange^[1]. It has secured more than 120 series production programmes from 24 automakers, with deliveries scheduled for 2025–2027 China’s Hesai Group lists shares on HK exchange^[1].

However, the recent technical indicators suggest that investors should be cautious. The MACD and KDJ Death Crosses indicate a potential shift in the stock's momentum, which could lead to further decreases in the stock price. Investors should monitor the situation closely and consider their risk tolerance before making any investment decisions.