Shanghai Composite Market Update – April 28, 2026
MarketsFN Team
Shanghai Composite Market Update – April 28, 2026
Published: April 28, 2026 · MarketsFN Team
| Index | Price | Change | RSI(14) | SMA-20 | 52W High | 52W Low |
|---|---|---|---|---|---|---|
| Shanghai Composite | 4,071.09 | -0.37% | 66.9 | 4,011.54 | 4,182.59 | 3,813.28 |
The Shanghai Composite is actively quoting at 4,071.09 (-0.37%), reflecting a modest decline amid a day range of 4,062.87 to 4,090.20. This slight pullback occurs within a broader context of market volatility, as the index remains above key moving averages, suggesting a resilient upward trend despite today's weakness.
Technically, the index is positioned above both the 20-day simple moving average (SMA) of 4,011.54 and the 50-day SMA of 4,042.33, indicating a bullish sentiment over the short to medium term. The Relative Strength Index (RSI) at 66.9 signals a neutral territory, implying that while the index is not currently overbought, it may be approaching levels that warrant caution.
Looking ahead, key levels to watch include immediate support at the SMA-50 near 4,042 and resistance around the 52-week high of 4,182.59. A sustained move beyond these levels could indicate further bullish momentum or a potential reversal in market sentiment.
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