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Meituan

Meituan technical analysis

3690.HKConsumer Cyclical Updated daily

Technical analysis of Meituan (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.

What is Meituan

Meituan (3690.HK) is a Chinese technology-driven retail company headquartered in Beijing, founded in 2003. It offers a broad range of digital services including food delivery, hotel and travel booking, bike sharing, and e-commerce platforms. The company operates primarily in China, Hong Kong, Macao, and Taiwan, organized into two segments: Core Local Commerce and New Initiatives.

Description generated automatically from public sources; it may be inaccurate or out of date.

Meituan: latest session data

Closing values for September 3, 2026, computed on the last 12 months of prices.

Close81.75
Change+5.28%
RSI (14)47.6
MACD-2.227
ADX27.0
Volatility (ATR)4.09%
Volume vs 20-avg126%
12-month high96.45
12-month low63.65

Moving averages

21 sessions

84.14

−2.84%

50 sessions

83.41

−1.98%

200 sessions

87.28

−6.33%

Session levels

s2

76.22

Support

s1

76.93

Support

pivot

78.22

Pivot

r1

78.93

Resistance

r2

80.22

Resistance

How to read it

In the September 3, 2026 session Meituan closed higher at 81.75 , +5.28% versus the previous session.

The price sits below every moving average observed: −2.84% against the 21-session average, −1.98% against the 50 and −6.33% against the 200.

The 14-period RSI reads 47.6, in neutral territory.

MACD stands at -2.227 against a signal line at -1.680: the histogram is negative (−0.548).

ADX reads 27.0, indicating a marked directionality.

Levels computed on the latest session place supports at 76.93 and 76.22 and resistances at 78.93 and 80.22 , around a pivot of 78.22.

The average daily range (ATR) is 3.341 , or 4.09% of price.

Turnover was 55.9M shares, 126% of the 20-session average.

Over the last twelve months the price ranged between 63.65 and 96.45 , and today stands −15.24% from the period high.

Measures computed on closing prices. They describe the past; they are not forecasts.

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How Montbon’s technical analysis works

Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.

Elliott Waves

Wave counting to frame the price structure.

MTF moving averages

Moving averages across timeframes to read the trend.

0–100 score

A technical summary of the setup, updated daily.

Read the full Montbon Score methodology →

FAQ about Meituan

How is a stock like Meituan technically analyzed on the Hong Kong Stock Exchange?

Technical analysis of Meituan (3690.HK) involves studying price and volume charts on the Hong Kong Stock Exchange, identifying support and resistance levels, trends, and recurring chart patterns. Tools such as moving averages, RSI, and MACD are commonly used to assess price momentum and direction over time.

What timeframes are commonly used in the technical analysis of a stock like Meituan?

Technical analysts typically observe multiple timeframes simultaneously: the daily chart for medium-term trends, the weekly chart for a longer-term perspective, and the 1-hour or 4-hour charts for shorter-term trading. A multi-timeframe approach helps contextualize technical signals and identify key price levels.

What are Elliott Waves and how do they apply to a stock like Meituan?

Elliott Wave Theory is a technical analysis method that interprets a stock's price movements as repetitive wave sequences, consisting of five impulse waves in the direction of the main trend and three corrective waves. Applied to Meituan, this theory allows analysts to hypothesize cyclical structures within the price chart, regardless of the sector or exchange.

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