There are only two trading days this week. The broader market opened slightly lower on Monday, and after sliding with the trend, it rose sideways after rising to 3119 points. The close pulled out a mid-white candle, and the volume was amplified. The top gainers on the day were rent-to-sell rights, real estate services and car dismantling. On the same day, the real estate sector as a whole rose first, and the top decliners were precious metals, photovoltaic highways and the concept of civil explosions, and the oil industry was the top loser on Monday because of the large increase in the early stage. The GEM opened with a gap on the same day, and then went all the way higher. After rising above 1,900 points, there was a sideways movement and closed back below 1,900 points. On the same day, the trading volume of the GEM was enlarged, northbound funds flowed sharply, and the BSE 50 also rose.
On Tuesday, the market opened slightly lower, and then fluctuated upward, falling back after hitting the high of 3123 in this round of rebound. Close in the green, the K-line is a small black candle with an upper shadow. The GEM also opened low on the same day, and has been fluctuating at a low level since then. It was lower again before the close and closed at the next low. The top gainers on the day were ursodeoxycholic acid, vitamins and chemical pharmaceuticals, while the top decliners were engineering consulting services and low-altitude economy, with northbound capital outflows on the day. At present, there is still a 5-point weekly and daily gap left on the GEM, and it will be closely watched whether this gap will be filled next week. From the hot side, we will continue to pay attention to the performance of the real estate sector next week. On April 30, the Politburo held a meeting, in which a targeted study was made on the current situation of the real estate market, which has a relatively large impact on the real estate market.
What's new:
The meeting of the Political Bureau of the CPC Central Committee conveyed new trends in economic development
The Political Bureau of the Central Committee of the Communist Party of China held a meeting on April 30 to analyze and study the current economic situation and economic work, pointing out that "the economy has achieved a good start", emphasizing that "the economy is still facing many challenges in sustained economic recovery" and "it is necessary to enhance confidence in doing a good job in economic work", and a series of deployments have made clear guidance for consolidating and enhancing the economic recovery and improving trend. Note: In the first quarter of this year, China's economy achieved a growth rate of 5.3%, and the macroeconomic operation continued to pick up and improve, and the improvement of the economic situation brought substantial benefits to the rise of the stock market. In addition, the meeting also emphasized the need to establish a unified national market, which we should also pay special attention to in the future.
Bureau of Statistics: The non-manufacturing PMI in April was 51.2
According to data released by the Service Industry Survey Center of the National Bureau of Statistics and the China Federation of Logistics and Purchasing on April 30, in April, China's manufacturing purchasing managers' index (PMI) was 50.4%, down 0.4 percentage points from the previous month, and was in the expansion range for two consecutive months. The non-manufacturing PMI in April was 51.2, down 1.8 percentage points from March, but still above the 50% boom and bust line. Among the different industries, the business activity index of railway transport, road transport, postal services, telecommunications, radio and television, and satellite transmission services all exceeded 55.0%, showing a relatively high level of prosperity. On the other hand, the business activity index of industries such as catering, capital market services and real estate was below the critical point and performed relatively weakly. Note: From this data, we can see that some competitive industries are still recovering, while some companies have improved. Therefore, judging from the overall market economic situation, the market has gradually recovered.
Weekly review:
This week, the main board opened at 3,086 points, with a high of 3,123 points, a low of 3,080 points, and a close of 3,104 points. It rose 16 points, or 0.52%. The Shenzhen Component Index opened at 9,479 points, with a high of 9,718 points, a low of 9,479 points, and a close of 9,587 points. It rose by 123 points, or 1.30%. The GEM opened at 1,831 points, with a high of 1,904 points, a low of 1,831 points, and a close of 1,858 points. It rose 34 points, or 1.90%. Among the three major indexes, the ChiNext rose the most.
Technical analysis of the main board of the Shanghai Stock Exchange:
This week, the broader market continued last week's upward trend. The mid-white candle was pulled out on Monday, and the broader market fluctuated after rushing past 3,100 points on Tuesday. At present, the market has successfully stood on the annual line, and has also broken through to above 3100 points. From the perspective of the moving average system, the 5-day moving average has risen rapidly and the 10-day moving average has been crossed. In the short term, the 5-day moving average is a little far away from the 5 antenna, and the deviation rate is large, so the probability of oscillation after the holiday is also relatively large. The J value of the daily KDJ has signs of turning downward, the daily MACD fast and slow line golden cross, the red column pile is released, and the short-term market still has the ability to rush upward.
Looking at the weekly line, the market has pulled out 3 white lines in a row this week, but the body of the white line is getting shorter and shorter, and the 3 K lines form a rising wedge. This week, the weekly line of the broader market was suppressed by the 60-day moving average, and the 5-week and 10-week moving averages are still slowly moving up. The third line of Zhou KDJ is still in a state of adhesion, which is a bit not good-looking. The weekly MACD fast and slow line has not changed much, and the red column pile has been slightly enlarged.
GEM Technical Analysis:
This week, the GEM gap opened higher, and it is currently leaving a gap on the weekly and daily charts. Monday's and Tuesday's candlesticks form a pregnant candlestick pattern, and since it is a pregnant candle that appears after a period of rising, there may be a correction in the short term. This week's 5-day moving average, the golden cross 20-day moving average, next week's golden cross 30-day antenna, 10-day moving average, golden cross 60-day moving average. At present, the half-year line and the 30-day moving average are still slowly moving down, and the GEM refers to the remote distance from the 5-day moving average, so short-term shocks are inevitable. From a purely technical point of view, the J-line of the Japanese KDJ turned around and went down, and it has fallen out of 100. The opening of the daily MACD fast and slow line continues to increase, and the red column pile also continues to be released.
Looking at the weekly line again, this week's GEM pulled out a small white line with a bare foot with an upper shadow. On Monday, it briefly crossed the 1,900-point line, but the weekly close returned to below 1,900 points. The 5-week and 10-week moving averages are currently moving upwards in small steps, and the 30-week moving averages are moving down. The GEM weekly line has stood above the 30-week moving average, and next week will focus on the gains and losses of 1900 points. At present, the KDJ three lines will continue to move closer next week, the opening of the weekly MACD fast and slow lines will increase slightly, and the red column pile will continue to enlarge slightly.
Editor's note
The column of the author of this article, Wang Hui, has been settled in "Yicai Knows", and the analysis of the previous market point interval and key focus sectors have been recorded as audio. For more financial knowledge, please click on the lower left corner to go to the "Yicai Knows" financial knowledge learning platform.
Author: Wang Hui
Editor: Li Ang
Producer: Wang Junji
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