Investors have paid higher prices over time to buy NASDAQ and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is testing resistance at points 16400. This could give a negative reaction, but an upward breakthrough of points 16400 means a positive signal. The index is assessed as technically slightly positive for the medium long term.
Extended analysis
Hong Kong - Hang Seng has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 16738. Further rise to 19064 or more is signaled. The index has marginally broken up through resistance at points 19000. An established break predicts a further rise. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Nikkei 225 is in 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 33600 and resistance at points 40900. The index is assessed as technically positive for the medium long term.
Extended analysis
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. The index has received a positive signal from the moving average indicator, thus signaling a continued rise. The index is testing resistance at points 3150. This could give a negative reaction, but an upward breakthrough of points 3150 means a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis
Singapore - Straits Times has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 3208. Further rise to 3403 or more is signaled. The index is approacing resistance at 3320 points, which may give a negative reaction. However, a break upwards through 3320 points will be a positive signal. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
Investors have paid higher prices over time to buy NYSE Composite and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is testing resistance at points 18300. This could give a negative reaction, but an upward breakthrough of points 18300 means a positive signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.