Morning Report Oct 17, 2024


Weak buy: NASDAQ
Buy: SYDNEY AXJO NIFTY NYA BUK100P
Weak buy: SSEC

NASDAQ (Price Oct 16, 2024: 18367)
Weak buy


NASDAQ 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 18600. This could give a negative reaction, but an upward breakthrough of points 18600 means a positive signal. The RSI curve shows a rising trend, which supports the positive trend. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Sydney (Price Oct 16, 2024: 8624.10)
Buy


Sydney has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. 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 8150 points. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the medium long term.
Extended analysis

S&P 200 (Price Oct 16, 2024: 8355.90)
Buy


S&P 200 has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. 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 7900 points. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Nifty 50 (Price Oct 16, 2024: 24971)
Buy


Nifty 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 testing resistance at points 25000. This could give a negative reaction, but an upward breakthrough of points 25000 means a positive signal. 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

NYSE Composite (Price Oct 16, 2024: 19825)
Buy


NYSE Composite has broken the rising trend up in the medium long term. This signals an even stronger growth rate. 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. The index is assessed as technically positive for the medium long term.
Extended analysis

UK 100 (CBOE) (Price Oct 16, 2024: 834.60)
Buy


UK 100 (CBOE) 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 broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 824 and resistance at points 844. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Oct 16, 2024: 3169.38)
Weak buy


Shanghai Composite has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The index is testing support at points 3160. This could give a positive reaction, but a downward breakthrough of points 3160 means a negative signal. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

The report consists of daily evaluations by Investtech´s automated analysis system. The selection is mainly based on new medium term technical signals from the last closing price.
Previous reports
Date
20241031642
20241030520
20241029421
20241028501
20241025600
20241024501
20241023402
20241022600
20241021402
20241018402
20241017700

Related articles

     


    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.


    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.

    ×

    Please login here

     
    Forgot your password?

    Titlex

    OK
    +

    Cookie consent

    We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

    Our use of cookies

    When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

    Necessary cookies

    Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

    Cookies from Google

    We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

    Allow cookies from Google