Morning Report Nov 21, 2024

NASDAQ (Price Nov 20, 2024: 18966)

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 has broken up through resistance at points 18600. This predicts a further rise. In case of negative reactions, there will now be support at points 18600. 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 20, 2024: 25037)

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 20, 2024: 19601)

Buy

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 is testing support at points 19600. This could give a positive reaction, but a downward breakthrough of points 19600 means a negative signal. 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 20, 2024: 8567.00)

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, which may be because of fundamental news. The index is overall assessed as technically positive for the medium long term.
Extended analysis

NYSE Composite (Price Nov 20, 2024: 19749)

Weak 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. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the index in the short term. 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

Amsterdam - AEX (Price Nov 20, 2024: 858.57)

Sell

Amsterdam - AEX has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. The index has marginally broken down through support at points 860. An established break predicts a further decline. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Frankfurt - DAX (Price Nov 20, 2024: 19005)

Watch

Investors have paid higher prices over time to buy Frankfurt - DAX 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 broken a head and shoulders formation. A decisive break of the neckline at approximately 19048 will signal a further fall to 18440 or less. The index is approaching support at 18800 points, which may give a positive reaction. However, a break downwards through 18800 points will be a negative signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

Nikkei 225 (Price Nov 20, 2024: 38026)

Watch

Nikkei 225 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 33500 and resistance at points 40000. 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, which may be because of fundamental news. The index is overall assessed as technically neutral for the medium long term.
Extended analysis