Morning Report Nov 12, 2024

NASDAQ (Price Nov 11, 2024: 19299)

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 price has also 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 18600 points. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Nov 11, 2024: 24789)

Buy

Toronto 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 22400 points. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Nikkei 225 (Price Nov 11, 2024: 39376)

Buy

Nikkei 225 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 has broken up through resistance at points 38800. This predicts a further rise. In case of negative reactions, there will now be support at points 38800. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. 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 Nov 11, 2024: 20016)

Buy

NYSE Composite 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. 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. 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

Hong Kong - Hang Seng (Price Nov 11, 2024: 19847)

Buy

Investors have paid higher prices over time to buy Hong Kong - Hang Seng 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 a support level in the short term and given a negative signal for the short term trading range. The index is testing support at points 19600. This could give a positive reaction, but a downward breakthrough of points 19600 means a negative signal. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. 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

Shanghai Composite (Price Nov 11, 2024: 3421.97)

Weak buy

Shanghai Composite has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has received a positive signal from the moving average indicator, thus signaling a 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 3300 points. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

KOSPI (Price Nov 11, 2024: 2482.57)

Sell

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 has broken a head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a falling trend. The index has support at points 2430 and resistance at points 2580. 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 negative for the medium long term.
Extended analysis