--- title: "Morning Trend | PICC P&C is consolidating with reduced volume, is a big move coming?" description: "PICC P&C (2328.HK) closed on January 20 with smooth fluctuations throughout the day, and the insurance sector overall remained defensive, with capital flow to the main board being inactive. The compan" type: "news" locale: "en" url: "https://longbridge.com/en/news/273054050.md" published_at: "2026-01-21T01:00:00.000Z" --- # Morning Trend | PICC P&C is consolidating with reduced volume, is a big move coming? > PICC P&C (2328.HK) closed on January 20 with smooth fluctuations throughout the day, and the insurance sector overall remained defensive, with capital flow to the main board being inactive. The company's daily K-line is close to the short-term support at 8.35 yuan, with major players holding cash and waiting, and active buying in the market is scarce. Market sentiment has yet to show signs of warming up, with hot topics being diverted by leading brokerages and banks. At the beginning of the year, several insurance companies announced adjustments to health insurance rates, and industry insiders generally believe this will put pressure on short-term premium growth and industry profitability. Current market conditions show a continued MACD death cross, and the bearish arrangement of moving averages remains unchanged, with buying volume resting at the bottom of the range. Although some institutions believe that the undervaluation of the sector brings marginal attention opportunities, short-term risks should not be underestimated. If negative news re-emerges, the stock price could accelerate its decline towards the 8.35 yuan support, and there may even be technical breakdown space. Investors should continue to observe in the short term, paying attention to intraday capital movements and marginal catalysts from relevant policies. Only if industry expectations reverse, capital flows back, and trading volume expands, could a right-side trading window emerge, while caution is advised against the downside risks brought by a continued weak market PICC P&C (2328.HK) closed on January 20 with smooth fluctuations throughout the day, and the insurance sector overall remained defensive, with capital flows to the main board being inactive. The company's daily K-line is close to the short-term support at 8.35 yuan, with major players holding cash and a lack of active buying in the market. Market sentiment has yet to show signs of warming up, and the main hot spots have been diverted by leading brokerages and banks. At the beginning of the year, several insurance companies announced adjustments to health insurance rates, and industry insiders generally believe this will put pressure on short-term premium growth and industry profitability. Current market conditions show that the MACD death cross continues, and the moving averages remain in a bearish arrangement, with buying volume resting at the bottom of the range. Although some institutions believe that the undervaluation of the sector presents marginal attention opportunities, short-term risks should not be underestimated. If negative news re-emerges, the stock price could accelerate its decline towards the 8.35 yuan support, and there is even potential for a technical breakdown. Investors should continue to observe in the short term, paying attention to intraday capital movements and marginal catalysts from relevant policies. Only if industry expectations reverse, capital flows back, and trading volume increases, could a right-side trading window emerge, while caution is advised against the downside risks brought by a continued weak market ### Related Stocks - [02328.HK - PICC P&C](https://longbridge.com/en/quote/02328.HK.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Coffee Prices Push Higher on Technical Short Covering | Coffee Prices Push Higher on Technical Short Covering | [Link](https://longbridge.com/en/news/276253604.md) | | 'It's a life-changing sum': Can I stop my kids from using their inheritance to support political causes I vehemently oppose? | A couple in their 60s is concerned about their children using their inheritance to support political causes they oppose. | [Link](https://longbridge.com/en/news/276518281.md) | | My Friend Warned Me Not To Move In With A Stranger From An Online Ad, But I Did And Got The Surprise Of My Life | A woman shares her experience of moving in with a stranger from an online ad, despite her friend's warnings. 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