Aeva Technologies Inc

AEVA's long-term uptrend remains anchored above the rising 200-day SMA, but the decisive breakdown of the $20.75 cluster support and a clear lower-high/lower-low sequence underpin a medium-term bearish bias. Short-term price trades below declining EMAs with oversold readings, suggesting immediate selling could be premature. We will defer bearish exposure and look to trim into any rallies back toward the broken support-turned-resistance zone around the 9-day and 20-day EMAs and the 50-day SMA. A sustained reclaim above those EMAs would invalidate the current bearish stance.

• ↑Optical Connectivity business booked first hyperscaler customer, expanding total addressable market.
• ↑Liquidity rose to ~$303M after $115M equity raise, extending cash runway.
• ↓GAAP operating loss of $34.6M in Q2’26 persists despite slight improvement.