Shanghai Composite (SSEC.NDX)

Close: 3 418.87 (-22.41), May 7, 2021
Weak Positive

Automatic technical analysis. Medium term, May 7, 2021

Shanghai Composite is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The price has broken through the floor at 3420 of a rectangle pattern. A decisive break will signal a further fall to 3341 or less. The index is between the support at points 3360 and the resistance at points 3450. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.83%1 018.80-0.65%
5 days15.592.83%1 670.86-0.69%
22 days-10.406.99%2 320.41-1.37%
66 days5.6713.32%2 189.09-5.21%

More analyses of Shanghai Composite

chart Shanghai Composite (SSEC) Candlesticks 22 Days
Candlesticks
chart Shanghai Composite (SSEC) Short term
Short term: Hold
chart Shanghai Composite (SSEC) Medium term
Medium term: Weak Positive
chart Shanghai Composite (SSEC) Long term
Long term: Hold
 


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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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