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Data as of: 2026-09-30 · Settlement: Exchange final daily settlement

000001.SS Deep Dive | Bearish on Technical Breakdown | 2026-10-08

We maintain a bearish call on 000001.SS, with an invalidation level at 3860.3 (R2). The instrument has broken below key short-term support, trading within a weakening 20-day channel while momentum indicators signal continued downside pressure. A 5D decline of 2.78% and a 20D drop of 3.46% reflect persistent selling pressure that has eroded the recent consolidation range. Although the current week remains unfinished, the last completed weekly bar closed at 3842.2, down 1.19% week-over-week, confirming a loss of bullish control. Technical pivots suggest further weakness toward 3824.03 (S2) if the breakdown accelerates. While macro volatility remains elevated, the technical structure dominates the near-term outlook, favoring downside targets over a rebound attempt.