Shanghai Composite: Down 1.90% to 4,041.80 — Bearish — Price Below Key MAs
MarketsFN Team
Shanghai Composite: Down 1.90% to 4,041.80 — Bearish — Price Below Key MAs
Published: June 26, 2026 · MarketsFN Team
| Index | Price | Change | RSI(14) | SMA-20 | 52W High | 52W Low |
|---|---|---|---|---|---|---|
| Shanghai Composite | 4,041.80 | -1.90% | 51.4 | 4,064.06 | 4,242.57 | 3,813.28 |
The Shanghai Composite is actively quoting at 4,041.80 (-1.90%), reflecting a decline driven by investor concerns over economic growth and regulatory pressures in the region. This drop signals a potential shift in market sentiment, as the index has now closed below both its 20-day simple moving average (SMA-20) and 50-day simple moving average (SMA-50), indicating bearish momentum.
Currently, the index is positioned below the SMA-20 at 4,064.06 and the SMA-50 at 4,098.65, suggesting a lack of upward momentum. The relative strength index (RSI) is at 51.4, placing it in neutral territory, while the index remains within its 52-week range of 3,813.28 to 4,242.57, indicating that it has not yet approached either extreme.
Looking ahead, the immediate support level appears to be at the previous close of 4,120.28, while resistance is likely to be encountered near the SMA-50 at 4,098.65. A decisive move above this resistance could signal a reversal in sentiment, while a breach below the support level may lead to further declines.
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