Morning Report Nov 19, 2024

NASDAQ (Price Nov 18, 2024: 18792)

Buy

NASDAQ 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 is testing support at points 18600. This could give a positive reaction, but a downward breakthrough of points 18600 means a negative signal. 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

Toronto (Price Nov 18, 2024: 24977)

Buy

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

Hong Kong - Hang Seng (Price Nov 18, 2024: 19664)

Buy

Hong Kong - Hang Seng is in 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 is testing support at points 19600. This could give a positive reaction, but a downward breakthrough of points 19600 means a negative signal. Volume has previously been high at price tops and low at price bottoms. 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

Sydney (Price Nov 18, 2024: 8629.20)

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. 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 8360 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

Shanghai Composite (Price Nov 18, 2024: 3346.01)

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 is approaching support at 3300 points, which may give a positive reaction. However, a break downwards through 3300 points will be a negative signal. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

NYSE Composite (Price Nov 18, 2024: 19718)

Weak buy

NYSE Composite 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 is approacing resistance at 20000 points, which may give a negative reaction. However, a break upwards through 20000 points will be a positive signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis