Morning Report Sep 9, 2024

NASDAQ (Price Sep 6, 2024: 16691)

Buy

NASDAQ 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 index is testing support at points 16500. This could give a positive reaction, but a downward breakthrough of points 16500 means a negative signal. 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

Toronto (Price Sep 6, 2024: 22988)

Buy

Investors have paid higher prices over time to buy Toronto 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. 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 22500 points. Negative volume balance weakens the index in the short term. The index is overall assessed as technically positive for the medium long term.
Extended analysis

NYSE Composite (Price Sep 6, 2024: 18878)

Buy

NYSE Composite 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. 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 18340 points. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the index. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Sep 6, 2024: 17444)

Weak 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 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 is approaching support at 17000 points, which may give a positive reaction. However, a break downwards through 17000 points will be a negative signal. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Sep 6, 2024: 4815.15)

Weak buy

Euro Stoxx 50 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 4400 and resistance at points 4900. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

Shanghai Composite (Price Sep 6, 2024: 2765.81)

Sell

Shanghai Composite is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Shanghai Composite. The index has support at points 2700 and resistance at points 3070. Negative volume balance weakens the index in the short term. The index is overall assessed as technically negative for the medium long term.
Extended analysis