Shanghai Composite (SSEC.NDX)

Close: 3 342.01 (-8.12), Apr 3, 2025
Hold

Liquidity risk: Volatility risk:

Overall analysis

Shanghai Composite is technically neutral for the short term, positive for the medium term, and negative for the long term.

Recommendation one to six months: Hold

Short term

Shanghai Composite has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 3160 and resistance at points 3370. The short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Shanghai Composite. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold

Medium term

Shanghai Composite is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index has given a positive signal from the rectangle formation by a break up through the resistance at 3119. Further rise to 3701 or more is signaled. The index has support at points 3170 and resistance at points 3470. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive

Long term

Shanghai Composite has broken the ceiling of the falling trend in the long term, which indicates a slower initial falling rate. The index has given a positive signal from the rectangle formation by a break up through the resistance at 3128. Further rise to 3675 or more is signaled. The index has broken down through support at points 3400. This predicts a further decline. In case of positive reactions, there will now be resistance at points 3400. The index is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.73%1 397.08-0.24%
5 days-13.952.51%279.75-0.94%
22 days-11.496.98%63.95+0.54%
66 days10.7114.41%92.94-2.36%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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