Investors have paid higher prices over time to buy NASDAQ and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has broken up through resistance at points 16500. This predicts a further rise. In case of negative reactions, there will now be support at points 16500. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for NASDAQ. 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
Nifty 50 shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The price has reacted back after a possible false break of the rectangle formation. A decisive break up through 22709 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 22000 points. The index is overall assessed as technically positive for the medium long term.
Extended analysis
AMEX Composite is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. It also gave positive signal from the rectangle formation at the break up through the resistance at 4862. Further rise to 5822 or more is signaled. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 4680 points. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Euro Stoxx 50 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is between support at points 4890 and resistance at points 5080. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically slightly positive for the medium long term.
Extended analysis
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 is approacing resistance at 18300 points, which may give a negative reaction. However, a break upwards through 18300 points will be a positive signal. Volume has previously been low at price tops and high at price bottoms. This weakens the index. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis
Toronto is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index is testing resistance at points 22360. This could give a negative reaction, but an upward breakthrough of points 22360 means a positive signal. The index is assessed as technically neutral 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 is between support at points 3070 and resistance at points 3160. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically neutral for the medium long term.
Extended analysis
Sydney has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 7770 and resistance at points 8150. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
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 broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 7550 and resistance at points 7900. 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.