Morning Report Apr 25, 2024

NASDAQ (Price Apr 24, 2024: 15713)

Buy

NASDAQ shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 14300 and resistance at points 16400. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Apr 24, 2024: 17299)

Buy

Hong Kong - Hang Seng has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has given a positive signal from the rectangle formation by a break up through the resistance at 17149. Further rise to 18126 or more is signaled. The index has broken up through resistance at points 17000. This predicts a further rise. In case of negative reactions, there will now be support at points 17000. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Nikkei 225 (Price Apr 24, 2024: 37628)

Buy

Nikkei 225 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 33592. The objective at 36440 is now met, but the formation still gives a signal in the same direction. The index has support at points 33600 and resistance at points 40900. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Apr 24, 2024: 3052.90)

Weak sell

Shanghai Composite has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. An inverse head and shoulders formation is under development. A decisive break of the resistance at 3089, ideally with an increase in volume, signals a further rise. The index is testing resistance at points 3070. This could give a negative reaction, but an upward breakthrough of points 3070 means a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

S&P 200 (Price Apr 24, 2024: 7683.00)

Watch

S&P 200 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 7560 and resistance at points 7900. The index is assessed as technically neutral for the medium long term.
Extended analysis

NYSE Composite (Price Apr 24, 2024: 17758)

Watch

NYSE Composite has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 16150 and resistance at points 18300. Volume has previously been low at price tops and high at price bottoms. This weakens the index. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the medium long term.
Extended analysis