Shanghai Composite: Up 0.33% to 4,105.56 — Bullish — Price Above Key MAs
· Indices · MarketsFN Team
Shanghai Composite: Up 0.33% to 4,105.56 — Bullish — Price Above Key MAs
Published: June 17, 2026 · MarketsFN Team
| Index | Price | Change | RSI(14) | SMA-20 | 52W High | 52W Low |
|---|---|---|---|---|---|---|
| Shanghai Composite | 4,105.56 | +0.33% | 50.9 | 4,066.32 | 4,242.57 | 3,813.28 |
The Shanghai Composite is actively quoting at 4,105.56 (+0.33%), reflecting a modest uptick driven by positive sentiment surrounding recent economic data and easing concerns over regulatory crackdowns. This slight advance signals a potential stabilization in the market as investors weigh growth prospects against ongoing geopolitical tensions.
From a technical perspective, the index is positioned above both the 20-day simple moving average (SMA-20) at 4,066.32 and the 50-day simple moving average (SMA-50) at 4,080.07, indicating a bullish trend. The relative strength index (RSI) stands at 50.9, suggesting the market is in neutral territory, while the index remains within striking distance of its 52-week high of 4,242.57 and well above the low of 3,813.28.
Looking ahead, the key support level is established at the SMA-50 of 4,080.07, while resistance is likely to be encountered near the 52-week high of 4,242.57. A sustained move above this resistance could signal further bullish momentum, while a drop below the support level may indicate a shift in market sentiment.
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