StockKit ResearchEQUITY RESEARCH BRIEF
600036 · CN · Cached
Generated 2026-09-12 02:12 UTC
招商银行
600036 · CN
¥41.35
-0.53%
Technical posture
Constructive
Strategy score
64 / 100
Trend
bull
Data confidence
Medium
Research view
600036 Research Preview
1. Bottom line
- 600036 (招商银行) is trading at 41.35, with a current daily move of -0.53%.
- The StockKit strategy score is 64/100, creating a neutral research posture with bullish alignment (ma5 > ma10 > ma20 > ma60).
- The most important near-term watch zone is support at 37.94 and resistance at 42.23; price is +8.25% from support and +2.14% from resistance.
2. Key data snapshot
| Item | Reading | Interpretation |
|---|---:|---|
| Current price | 41.35 | Daily move -0.53% |
| Strategy score | 64/100 | Buy, trend: bull |
| MA structure | Bullish alignment (MA5 > MA10 > MA20 > MA60) | The short-term moving average is above the medium-term moving average, which points to a firmer near-term structure. |
| RSI14 | 63.53 | Constructive but not extreme |
| MACD | 0.10 histogram | Bullish MACD configuration |
| Support / resistance | 37.94 / 42.23 | Watch these levels for confirmation or failure |
| 30-session range | 38.03 / 41.78 | Price sits at +88.53% of the range |
| Volume check | -0.27% vs 20D avg | Confirmation quality depends on volume follow-through |
| ATR14 / price | +1.62% | Proxy for short-term volatility risk |
3. Technical indicator panel
- Trend: The short-term moving average is above the medium-term moving average, which points to a firmer near-term structure.
- Momentum: RSI14 is not giving an extreme signal, so confirmation from price structure matters more than momentum alone.
- MACD: histogram is 0.10, while MACD line / signal are 0.68 / 0.58.
- KDJ: K / D / J are 79.44 / 80.37 / 77.59; KDJ soft or still repairing.
- Bollinger: Mid-band zone (79% of band); upper / middle / lower are 42.23 / 40.09 / 37.94.
- ATR / OBV / CCI: ATR14 is 0.67 (+1.62% of price), OBV slope is +58.42%, and CCI20 is 93.95.
- Levels: estimated support / resistance are 37.94 / 42.23; recent 30-session range is 38.03 / 41.78.
4. Valuation matrix
| Axis | Reading | Source | Confidence |
|---|---|---|---|
| PE | 7.25 | AkShare THS financial abstract | Medium |
| PB | 0.91 | AkShare THS financial abstract | Medium |
| PEG proxy | 2.54 | StockKit scenario model | Medium |
| StockKit fair value range | Bear CNY 65.21 / Base CNY 84.75 / Bull CNY 109.04 | StockKit DCF scenario model | Medium |
| Base fair-value gap | +105.0% | StockKit DCF scenario model | Medium |
| 5Y growth forecast | Bear -3.14% / Base +2.86% / Bull +8.86% | StockKit scenario model | Medium |
| Revenue | CNY 337.53B | AkShare THS financial abstract | Medium |
| Net income | CNY 150.18B | AkShare THS financial abstract | Medium |
| EPS | 5.7 | AkShare THS financial abstract | Medium |
| Book value per share | 45.4 | AkShare THS financial abstract | Medium |
| Gross margin | N/A | AkShare THS financial abstract | Medium |
| Net margin | +43.17% | AkShare THS financial abstract | Medium |
Notes: - AkShare report period used for income data: 2025-12-31. - PEG and fair-value range are StockKit scenario outputs computed from public financial history; they are not analyst consensus targets.
5. News and catalyst timeline
No current news items were available from the configured source.
6. Sentiment radar
No recent headline coverage was available from the configured source.
| Source | Status | Reading | Confidence |
|---|---|---|---|
| NewsAPI headline coverage | No headlines | No source distribution available | Low |
| Social sentiment | Not connected | No social sentiment conclusion is drawn | Low |
Notes: - No provider sentiment series was returned for this symbol.
7. Scenario framework
| Scenario | Trigger condition | Confirmation signal | Invalidation signal |
|---|---|---|---|
| Base case | Price remains between 37.94 and 42.23 | Strategy score stays near 64/100 and RSI avoids extremes | Close below support or a rapid score deterioration |
| Upside case | Price clears 42.23 | Improving MACD histogram and volume above 20D average | Failed breakout back below resistance |
| Downside case | Price breaks 37.94 | RSI weakens and MACD remains negative | Quick recovery back above support |
8. Risk matrix
| Risk | Evidence | Trigger | Monitoring action |
|---|---|---|---|
| Technical failure | Support at 37.94 anchors the current setup | Close below support | Reassess trend and reduce confidence in base case |
| Momentum exhaustion | Constructive but not extreme; MACD state: Bullish MACD configuration | RSI extension or MACD rollover | Watch next 1-3 closes and histogram direction |
| Volatility expansion | ATR14 / price is +1.62% | Wide ranges without follow-through | Require confirmation before trusting a directional move |
| News/data gap | 0 current news items available | New headline or missing catalyst context | Refresh news before relying on stale views |
9. Seven-day watch checklist
- First watch: whether price respects 37.94 or starts accepting below it.
- Breakout watch: whether price can clear 42.23 with volume confirmation above the 20-session average.
- Momentum watch: whether RSI14 stays constructive without moving into an exhaustion zone.
- Risk watch: whether fresh news changes the catalyst picture.
Strategy cross-check
| Strategy | Score | Signal | Basis |
|---|---|---|---|
| MA交叉 | 90/100 | StrongBuy | MA5>MA20金叉，多头排列 |
| MACD背离 | 70/100 | Buy | MACD金叉，MACD在零轴上方，动能减弱 |
| RSI极值 | 45/100 | Hold | RSI14=64偏高 |
| 布林带 | 55/100 | Hold | 在通道中部，带宽扩张中 |
Information-use note
StockKit provides market research tools for informational and educational use. The output does not constitute personalized investment advice or a recommendation to buy, sell, or hold any security.
Strategy factors
MA交叉Strong momentum
90
MA5>MA20金叉，多头排列
MACD背离Constructive
70
MACD金叉，MACD在零轴上方，动能减弱
RSI极值Neutral
45
RSI14=64偏高
布林带Neutral
55
在通道中部，带宽扩张中
量价关系Neutral
55
缩量回调，可能企稳
Research boundary
StockKit organizes market data and model output for research workflows. It does not provide personalized advice or trade instructions. Verify important information with primary sources before any investment decision.
Disclaimer.This brief is generated by StockKit AI from public market data and algorithmic models for informational research only. It is not investment advice, an offer, or a solicitation, and it does not provide buy, sell, or hold ratings, price targets, stop-loss levels, or position sizing. “Watch levels” and “scenarios” describe observable conditions in the supplied data, not instructions. Verify all information with primary sources before any investment decision.