October 20th, according to reports
1. Mean Difference Change Table
| Mean Difference Indicator | Today’s Value (2026.10.19) | Yesterday’s Value (2026.10.18) | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 88.00 | -25.33 | + |
| 10-Day Mean Difference (D10) | 56.00 | 82.67 | - |
| 20-Day Mean Difference (D20) | 305.50 | 309.66 | - |
2. Signal Status Judgment
The current signal is a weak rebound (bearish).
3. Trend Direction Conclusion
The trend is volatile (bearish). Reason: The directional changes in the 5-day, 10-day, and 20-day moving averages are not entirely consistent with the previous day; the positive–negative–negative combination meets the criteria for a weak rebound (bearish) within a volatile market. Fundamental supplement: Recently, the overall load of China's ABS facilities has been low, with some plants undergoing maintenance or operating at reduced capacity. The tight supply of spot goods provides some support to prices, but high prices have led to weak downstream demand, further limiting the momentum for price increases.
4. Position Space Reference
Both the 60-day and 3-month ABS price cycles remain at elevated levels, while the 1-year cycle is at a moderately high level. Given this high‑price environment, upside potential is very limited. Under the current bearish, range‑bound market conditions, prices are likely to retrace toward the mid‑to‑low price range.
5. Trend Chart Display
Risk Warning
The above analysis is for reference only and does not constitute trading advice.
