Sinopec Shanghai Petrochemical Co Ltd (SHI): Price Down $-0.64 (-2.54)% Over Past Day, Down $-0.04 (-0.16)% Over Past Hour


Source: etfdailynews.com etfdailynews.com

Key Topics in this News Article:

News Snapshot:

The Hourly View for SHI At the time of this writing, SHI ( Get Ratings )’s price is down $-0.04 (-0.16%) from the hour prior. SHI has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders....