Morning Report Nov 26, 2024

NASDAQ (Price Nov 25, 2024: 19055)

Buy

Investors have paid higher prices over time to buy NASDAQ 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 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

Singapore - Straits Times (Price Nov 25, 2024: 3712.92)

Buy

Singapore - Straits Times 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 3500 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

Nifty 50 (Price Nov 25, 2024: 24222)

Buy

Nifty 50 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has support at points 22000 and resistance at points 25000. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the index. The index is overall assessed as technically positive for the medium long term.
Extended analysis

NYSE Composite (Price Nov 25, 2024: 20220)

Buy

NYSE Composite has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. 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 indicates that buyers are aggressive while sellers are passive, and strengthens the index. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Nov 25, 2024: 3259.76)

Weak sell

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 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 3170 and resistance at points 3500. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Euronext PSI20 (Price Nov 25, 2024: 6438.88)

Weak sell

Euronext PSI20 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index is moving within a rectangle formation between support at 6280 and resistance at 6761. A decisive break through one of these levels indicates the new direction for the index. The index is testing resistance at points 6460. This could give a negative reaction, but an upward breakthrough of points 6460 means a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Nikkei 225 (Price Nov 25, 2024: 38442)

Watch

Investors have paid higher prices over time to buy Nikkei 225 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 is testing resistance at points 38600. This could give a negative reaction, but an upward breakthrough of points 38600 means a positive signal. 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