Artem Voloskovets
⬤ Hims & Hers Health shares caught a bid near the $30–$31 support area that traders had been watching on the weekly chart. Buyers showed up at this level during the latest session, preventing further downside for now. While it's still early in the week, this bounce has caught some attention as a potential short-term stabilization point.
⬤ That said, the bigger picture still looks rough. The red EMA cloud is sitting overhead like a ceiling, keeping bearish momentum alive. Every time the stock has tried to rally into this moving average zone lately, sellers have pushed it back down. At around $32.34, HIMS remains stuck below the resistance levels that would need to break for any real trend change.
⬤ The $30 mark is the line in the sand right now. If it holds, it shows buyers are willing to defend current prices. But we need to see more than just one bounce—sustained volume, consistent buying, and closes above support would actually signal that selling pressure is letting up. Without those confirmations, this could just be a breather in the ongoing downtrend rather than a real turnaround.
⬤ This setup matters because HIMS is sitting at a pivot point where things could move fast either way. Hold above $30, and the stock might stabilize and avoid deeper losses. Break below it, and lower price targets come back into play quickly. The next few sessions should tell us whether recent buyers are here to stay or if the downtrend is just taking a pause.
Artem Voloskovets
