Meituan (3690.HK)
HKSE • Consumer Cyclical
January 21, 2026 at 08:00 UTC
Name
CEO
Website
Industry
Year Founded
Employees
Meituan is a consumer services platform that connects users with restaurants, grocers, hotels, and local merchants. The company runs a marketplace for ordering and booking and pairs it with delivery and in-store tools that follow one account model. Merchants manage menus, prices, and availability in portals that mirror daily practice. Users follow a simple path from browse to confirmation and then to support. The platform emphasizes service integrity and clear rules for buyers and partners. Country operations keep language and policies aligned with local law. Reporting highlights activity that platform operators track, and tone remains descriptive. The role in the communication services ecosystem is to turn local demand into routine transactions that merchants and riders can plan around.
TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.
Meituan's Technical Indicators Summary
The technical outlook for 3690.HK remains bearish as the price sits below all major moving averages, including the 200-day, indicating persistent downward pressure. Momentum indicators reinforce this view, with the MACD and CCI signaling weakness while the RSI hovers near the lower end without yet reaching oversold levels. Trend strength is modest, as reflected by an ADX around 17, suggesting a lack of strong directional conviction. Volume trends, highlighted by a declining on-balance volume, further support the selling bias. The current price also trades just below the VWAP and classic pivot, underscoring resistance near these key levels. Overall, technical conditions point to continued bearish sentiment with limited short-term relief.
| Indicator | Value |
|---|---|
RSI (14) | 39.98 |
Stochastic %K (14, 3, 3) | 8.06 |
CCI (20) | -177.69 |
WPR (14) | -97.26 |
Momentum (10) | -8.75 |
MFI | 40.03 |
MACD Level (12, 26) | -0.52 |
Bollinger Bands | $97.54 - $107.59 |
ATR (14) | $3.00 (3.08%) |
ADX (14) | 17.09 |
OBV | 20,209,807 |
VWAP | $97.78 |
Classic Pivot Point | $98.90 |
Fibonacci Pivot Point | $98.90 |
Simple Moving Averages | $101.06 - $116.88(5 indicators) |
Exponential Moving Averages | $100.73 - $120.10(5 indicators) |
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Price action during the last trading session was neutral, as 3690.HK closed at 104.90, nearly unchanged (-0.10%) versus the prior finish. Contentious U.S. political debates over regulations and interest rate caps impact financial market stability.
Price Change
from HK$ 105 close
HK$ -0.1
Trading Volume
Above avg 49.9M
52M
vs S&P 500 Today
Moderate Underperformance
-0.26%
52-Week Position
Lower range
11.4%
Updated: January 13, 2026 at 13:13 UTC