Morning Report Jul 1, 2024

NASDAQ (Price Jun 28, 2024: 17733)

Buy

NASDAQ 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. 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 16500 points. The index is assessed as technically positive for the medium long term.
Extended analysis

Sydney (Price Jun 28, 2024: 7989.70)

Weak buy

Sydney 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 has support at points 7820 and resistance at points 8150. 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 slightly positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Jun 28, 2024: 17719)

Weak sell

Hong Kong - Hang Seng is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The index has met the objective at 19064 after a break of the inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index has support at points 17000 and resistance at points 19000. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Shanghai Composite (Price Jun 28, 2024: 2995.84)

Watch

Shanghai Composite shows weak development in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The index has support at points 2700 and resistance at points 3070. The RSI curve shows a falling trend, which supports the negative trend. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Jun 28, 2024: 4894.02)

Watch

Euro Stoxx 50 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index gave a negative signal from the double top formation by the break down through the support at 4891. Further fall to 4698 or lower is signaled. The index is testing support at points 4890. This could give a positive reaction, but a downward breakthrough of points 4890 means a negative signal. 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

NYSE Composite (Price Jun 28, 2024: 18027)

Watch

NYSE Composite has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 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