Core Viewpoint - Meituan's stock performance has been disappointing recently, with a decline from a high of 136.1 HKD to a current price of 120.8 HKD, indicating a bearish trend in the market [1][3]. Technical Analysis - The technical signals for Meituan indicate a "sell" with 11 sell signals and 1 buy signal, suggesting a bearish outlook [1]. - Key support levels are identified at 111.6 HKD and 110.7 HKD, while the resistance level is at 126.7 HKD [3]. - The stock has broken below the 10-day moving average (MA10) of 123.9 HKD and the 30-day moving average (MA30) of 124.79 HKD, approaching the 60-day moving average (MA60) of 130.54 HKD [1]. Market Sentiment - Investors are cautious, as indicated by a low trading amplitude of 2.7% over the past five days, reflecting a lack of confidence in the market [1]. - The Relative Strength Index (RSI) has dropped to 42, nearing the oversold territory, yet the overall downward momentum remains strong [1][3]. Derivative Products - Bearish products have performed well during Meituan's decline, with UBS's bear certificate rising by 10% and other related products showing significant gains [3]. - Selected bullish products include call options from Bank of China and HSBC, with exercise prices at 133.1 HKD, offering leverage of 7.9-8.2 times [6]. - Bearish options include UBS and JPMorgan put options with exercise prices around 99.94 HKD, providing 4 times leverage [6]. Trading Activity - On the morning of the report, Meituan's stock price was at 120 HKD, down 0.75% from the previous close, continuing its weak performance [1]. - The trading volume for Meituan's related products indicates active market participation, with significant movements in both bullish and bearish certificates [5][9].

Core Viewpoint - Meituan's stock price is currently experiencing volatility, with mixed technical indicators suggesting uncertainty in its short-term direction [1][4][6]. Technical Analysis - As of the latest data, Meituan's stock closed at 126 HKD, with a daily increase of 0.56%. However, it has since dropped to 123.7 HKD, reflecting a decline of 1.83% [1]. - Technical indicators predominantly signal a "sell," with a strength rating of 15, indicating downward pressure on the medium to long-term trend. Multiple moving averages also suggest a strong sell signal [1]. - The Relative Strength Index (RSI) is at 37, indicating an oversold condition, while other oscillators show mixed signals, creating a divergence in market sentiment regarding Meituan's short-term performance [1]. Support and Resistance Levels - The first support level for Meituan is at 122 HKD, with a lower support at 113.1 HKD. The first resistance level is at 133.8 HKD, and a higher resistance at 142.5 HKD [4]. - The current stock price is positioned between these support and resistance levels, indicating a need for a directional decision in the short term. The system assesses the probability of an upward movement at 57%, with a recent five-day volatility of 7.1% [4]. Derivative Products Performance - On June 27, 2025, Meituan's stock fell by 2.63%, during which various derivative products showed significant gains, highlighting the leveraged nature of these instruments. For instance, HSBC's put option (16234) rose by 11%, while Morgan Stanley's bear certificate (66223) increased by 16% [4]. - The current market offers several noteworthy derivative products for investors. For those anticipating an upward breakout, options like the Bank of China call option (26428) with a leverage of 7.5 times and an exercise price of 140 HKD are available [6]. - Conversely, for those expecting a downward adjustment, UBS's put option (16119) offers a leverage of 5.3 times with an exercise price of 122.9 HKD [7]. Summary of Derivative Products - The following products are highlighted for their leverage and pricing: - Bank of China Call Option (26428): Leverage 7.5, Exercise Price 140 HKD [8]. - HSBC Call Option (27146): Leverage 7.8, Exercise Price 140.1 HKD [8]. - UBS Put Option (16119): Leverage 5.3, Exercise Price 122.9 HKD [9]. - UBS Bull Certificate (64717): Leverage 6.5, Redemption Price 111 HKD [9]. - Morgan Stanley Bull Certificate (50094): Leverage 7, Redemption Price 111.5 HKD [9]. - Societe Generale Bear Certificate (54322): Leverage 9, Redemption Price 139 HKD [9].

Core Viewpoint - The recent analysis indicates that Meituan's stock price is under pressure, with potential support levels identified at 126.2 and 118.5, while resistance levels are at 140.2 and 147 [3][4]. Technical Analysis - Meituan's stock has fallen below the 10-day moving average (138.05) and the 30-day moving average (139.79), suggesting bearish momentum [3]. - The Relative Strength Index (RSI) is at 40, nearing oversold territory, while the William and Stochastic indicators signal potential buying opportunities [3]. - Key support levels are identified at 126.2 (Support 1) and 118.5 (Support 2), with resistance levels at 140.2 and 147 [3]. Derivative Market Activity - The derivative market for Meituan has seen increased activity, particularly in put options and bear certificates, reflecting heightened market risk aversion [4]. - Notable performance includes Societe Generale's bear certificate (63108) and JPMorgan's put option (13412), which recorded increases of 37% and 40% respectively after a 5.74% drop in the underlying stock [4]. Options Overview - Call options such as HSBC's (26318) offer a leverage of 5.5 times with an exercise price of 150.1, while Morgan Stanley's call option (24041) provides a leverage of 9 times with a lower premium [7]. - On the bearish side, JPMorgan's put option (13412) has a leverage of 7 times with an exercise price of 118.9, and UBS's put option (13314) offers a leverage of 7.1 times with the same exercise price [9].