Morning Report Nov 14, 2024

NASDAQ (Price Nov 13, 2024: 19231)

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 has broken up through resistance at points 18600. This predicts a further rise. The index is assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Nov 13, 2024: 24989)

Buy

Toronto shows strong development within 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 has previously been low at price tops and high at price bottoms. 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

NYSE Composite (Price Nov 13, 2024: 19845)

Buy

Investors have paid higher prices over time to buy NYSE Composite 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 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

Nikkei 225 (Price Nov 13, 2024: 38536)

Weak buy

Nikkei 225 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 33400 and resistance at points 40000. 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 slightly positive for the medium long term.
Extended analysis

Sydney (Price Nov 13, 2024: 8479.90)

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. A head and shoulders formation is under development. A decisive break of the support at 8363, ideally with an increase in volume, signals a further fall. The index has support at points 8150 and resistance at points 8620. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Nov 13, 2024: 19436)

Watch

Hong Kong - Hang Seng shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has met the objective at 19719 after a break of the inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index has marginally broken down through support at points 19600. An established break predicts a further decline. 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 neutral for the medium long term.
Extended analysis