1. Price Trend
- Overall trend: As can be seen from the figure, the price showed some fluctuations on the day. In the early trading stage (08:15 - 11:45), the price reached a high point of 95,358.9, and then the price began to fall, reaching a relative low of 92,700.4 on the day around 15:00. After that, the price rebounded, but it was still in a downward trend as a whole. As of 18:30, the price hovered around 93,358.2.
- Key price: 95,358.9 is an important resistance level of the day. The price tried to break through it many times but failed, indicating that there is a lot of pressure from above; 92,700.4 is a support level. After the price fell to this level, it received some support and rebounded.
2. Technical Indicators Analysis
- Moving Average (EMA):
EMA(5) is 93,426.0, EMA(10) is 93,432.7, EMA(20) is 93,532.5, EMA(60) is 94,042.2. The short-term moving averages (EMA5 and EMA10) are relatively close and both are below the price, providing some support to the price. However, the overall moving averages show a bearish arrangement (short-term moving averages are below long-term moving averages), indicating that the short-term price trend may be weak.
Price is running below EMA20 and EMA60, indicating that the medium-term trend may be downward, and the price is in a relatively weak area.
Volume (VOL):
VOL is 237.20, MA5 (5-day average volume) is 1.27K, MA10 (10-day average volume) is 1.43K. The day's trading volume is relatively low, which may indicate that market trading activity is not high, with buying and selling forces being relatively balanced, and no significant capital pushing prices to fluctuate greatly.
From the volume histogram, during periods of significant price fluctuations, the volume also shows some amplification. For example, when prices surged in the morning and fell to a low point in the afternoon, the volume increased. This aligns with the general price-volume relationship, meaning that when price fluctuations are intense, they are often accompanied by increased volume.
MACD Indicator:
DIF (difference value) is -171.3, DEA (average difference) is -220.0, MACD (histogram) is 97.5. In the MACD indicator, both DIF and DEA are negative, and DIF is above DEA, with the histogram being positive. This may suggest that the market is in a bearish state, but there is some short-term rebound momentum; however, the overall trend remains bearish.
3. Operational Suggestions
From the current technical perspective, although prices rebounded in the afternoon, the overall trend is still downward, and the moving averages are arranged bearishly, with no significant increase in volume. It is not recommended to blindly go long. If considering going long, wait for the price to break above EMA20 with a significant increase in volume, while the MACD indicator shows a golden cross (DIF crosses above DEA) and other buy signals before making a decision.
Brothers, K-line chart analysis is just a reference. The financial market is influenced by various factors, such as macroeconomic data, company fundamentals, policy changes, etc. When making investment decisions, it is necessary to comprehensively consider various factors and combine them with one's risk tolerance and investment goals.