Shanghai Composite: Up 0.81% to 3,991.53 — Bearish — Price Below Key MAs
MarketsFN Team
Shanghai Composite: Up 0.81% to 3,991.53 — Bearish — Price Below Key MAs
Published: June 09, 2026 · MarketsFN Team
| Index | Price | Change | RSI(14) | SMA-20 | 52W High | 52W Low |
|---|---|---|---|---|---|---|
| Shanghai Composite | 3,991.53 | +0.81% | 30.9 | 4,101.07 | 4,242.57 | 3,813.28 |
The Shanghai Composite is actively quoting at 3,991.53 (+0.81%), reflecting a modest recovery from the previous close of 3,959.34. This uptick suggests a potential stabilization after recent volatility, although the index remains significantly below its short-term moving averages, indicating ongoing bearish sentiment in the market.
Currently, the index is trading below both the 20-day simple moving average (SMA-20) of 4,101.07 and the 50-day simple moving average (SMA-50) of 4,063.30, which reinforces the bearish trend. The relative strength index (RSI) stands at 30.9, indicating that the market is in neutral territory, while the index is also hovering near its 52-week low of 3,813.28, with a high of 4,242.57 further highlighting the downward pressure.
Looking ahead, the immediate resistance level is at the SMA-50 of 4,063.30, while support is likely to be tested around the 52-week low of 3,813.28. A decisive move above the SMA-50 could signal a shift in momentum, while a breach below the 52-week low would further confirm bearish sentiment.
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