Saad Ullah
⬤ Hims & Hers Health is catching traders' attention again as momentum indicators flip positive on the daily chart after months of decline. HIMS is now hovering near $30, stabilizing after dropping from above $60. The stock has found support in a zone that's held up before, and both key momentum trackers just switched to bullish signals—something that hasn't happened in a while.
⬤ Looking back at the chart, similar momentum flips happened twice before during earlier phases of HIMS price movement. After those signals, the stock jumped 137% and 21% respectively. Obviously, history doesn't always repeat itself, but it's easy to see why people are paying attention now. The stock has been moving sideways lately instead of making new lows, which could mean the selling is finally slowing down.
⬤ The momentum oscillators at the bottom of the chart are turning up from oversold territory, suggesting sellers might be running out of steam. After sliding from over $60 through several months of lower highs, HIMS has now stabilized in the high-$20s range—an area that's acted as support multiple times before.
⬤ This matters because momentum shifts after long declines often spark renewed interest from traders looking for entry points. While the bigger trend hasn't fully reversed yet, this technical change adds a new element after months of weakness. What happens next will show whether this is the start of a real recovery or just another temporary pause before the downtrend continues.
Saad Ullah
