鑫融讯：双融日报-2025-03-18

• The report introduces the "Huaxin Market Sentiment Temperature Indicator," which is constructed based on six dimensions: index fluctuation, trading volume, number of rising and falling stocks, KDJ, northbound capital, and margin trading data. This indicator is classified as an oscillation indicator, similar to the RSI indicator, and is more suitable for range-bound markets rather than trend prediction. It may become less effective during trending markets, requiring a reassessment of its applicability when the indicator remains near 80 or above or 20 or below for extended periods [5][19][20] - The sentiment indicator provides a composite score ranging from "overcool" (0-19), "cool" (20-39), "neutral" (40-59), "warm" (60-79), to "overheat" (80-100). The current sentiment score is 76, indicating a "warm" market environment. Historical data suggests that when the sentiment score is below or near 30, the market tends to find support, while scores above 90 may lead to resistance [5][9][19] - The sentiment indicator's evaluation highlights its utility in oscillating markets for high-frequency trading strategies like buying low and selling high. However, it lacks predictive power for trends and may require adjustments during prolonged extreme sentiment levels [19][20]