Morning Report Nov 25, 2024

NASDAQ (Price Nov 22, 2024: 19004)

Buy

NASDAQ 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 broken up through resistance at points 18600. This predicts a further rise. 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 22, 2024: 25444)

Buy

Toronto has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. 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. The index is assessed as technically positive for the medium long term.
Extended analysis

Sydney (Price Nov 22, 2024: 8633.10)

Buy

Sydney 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. 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 8370 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 22, 2024: 20123)

Buy

NYSE Composite 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. 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. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Frankfurt - DAX (Price Nov 22, 2024: 19323)

Buy

Frankfurt - DAX 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. A head and shoulders formation is under development. A decisive break of the support at 19051, ideally with an increase in volume, signals a further fall. 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 18900 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

Wellington (Price Nov 22, 2024: 13042)

Buy

Wellington 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 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 12830 points. The index is overall assessed as technically positive for the medium long term.
Extended analysis

UK 100 (CBOE) (Price Nov 22, 2024: 831.38)

Buy

UK 100 (CBOE) 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 moving within a rectangle formation between support at 807 and resistance at 839. A decisive break through one of these levels indicates the new direction for the index. The index is between support at points 824 and resistance at points 842. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Nov 22, 2024: 4815.15)

Weak buy

Euro Stoxx 50 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 support at points 4400 and resistance at points 4900. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Nov 22, 2024: 19230)

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 broken down through support at points 19600. This 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