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Shougang Fushan Resources Group Limited

0639.HK•HKSE
Energy
Coal
HK$2.76
HK$-0.01(-0.36%)
Hong Kong Market opens in 17h 19m

Shougang Fushan Resources Group Limited (0639.HK) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Shougang Fushan Resources Group Limited (HKSE:0639.HK).

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

0639.HK Technical Analysis Summary

Shougang Fushan Resources Group Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral
Momentum:Neutral to Bearish (RSI: 48.43)
Trend Strength:Moderate (ADX: 26.20)
Volatility:Medium (ATR: 0.10)
Support/Resistance:$2.62 – $2.87 (Bollinger Bands)

Technical conditions suggest Shougang Fushan Resources Group Limited is consolidating, awaiting a decisive move.

Momentum Indicators

RSI (14): 48.43

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 58.02

Neutral
Mid-range signal with no clear trend.

Williams %R: -8.70

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 2.16

Bullish
Steady upward momentum.

Takeaway:Shougang Fushan Resources Group Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: -0.09

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 26.20

Moderate
Moderate trend, direction gaining strength.

ATR (14): 0.10

Low
Low volatility, stable price action.

CCI (14): 199.58

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Shougang Fushan Resources Group Limited shows weakening trend signals, with bearish pressure building.

Support & Resistance indicators
Bollinger Bands
Upper Band
$2.87
Middle Band (SMA 20)
$2.75
Lower Band
$2.62
Current Position
Within Bands

Takeaway:Shougang Fushan Resources Group Limited trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$3.01
Middle Line (EMA 20)
$2.81
Lower Channel
$2.60
Squeeze Status
Squeeze On

Takeaway:Shougang Fushan Resources Group Limited trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume79.82M
Money Flow Index51.31Neutral, balanced money flows with no clear signal.
Relative Vigor Index49.23Neutral to Bearish, sellers hold a slight edge.

Overall Takeaway:0639.HK shows balanced money flow with a slight bullish bias.

Technical Trading Signals Summary
Based on the current technical analysis of Shougang Fushan Resources Group Limited, here are the key trading signals and recommendations:

Bullish Signals

ADX above 20 → strong underlying trend.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

RVI below 50 → vigor tilted toward sellers.

Overall Recommendation:Shougang Fushan Resources Group Limited shows a Bearish signal — selling pressure is building, with trend indicators favoring downside.

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