Morning Report Oct 18, 2024

NASDAQ (Price Oct 17, 2024: 18374)

Weak buy

NASDAQ 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 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

KOSPI (Price Oct 17, 2024: 2593.82)

Buy

KOSPI 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 support at points 2580. This could give a positive reaction, but a downward breakthrough of points 2580 means a negative signal. The index is assessed as technically positive for the medium long term.
Extended analysis

Singapore - Straits Times (Price Oct 17, 2024: 3640.96)

Buy

Investors have paid higher prices over time to buy Singapore - Straits Times and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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 3500 points. Trading volume has increased substantially lately, which may be because of fundamental news. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis

NYSE Composite (Price Oct 17, 2024: 19855)

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 18300 points. The index is assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Oct 17, 2024: 3261.56)

Watch

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 approacing resistance at 3300 points, which may give a negative reaction. However, a break upwards through 3300 points will be a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis

Nifty 50 (Price Oct 17, 2024: 24750)

Watch

Investors have paid higher prices over time to buy Nifty 50 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 has marginally broken down through support at points 25000. An established break predicts a further decline. 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 neutral for the medium long term.
Extended analysis