Morning Report Feb 21, 2025

NASDAQ (Price Feb 20, 2025: 19962)

Weak 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. A head and shoulders formation is, however, under development. A decisive break of the support at 19284, ideally with an increase in volume, signals a further fall. The index is testing resistance at points 20000. This could give a negative reaction, but an upward breakthrough of points 20000 means a positive signal. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Singapore - Straits Times (Price Feb 20, 2025: 3925.52)

Buy

Investors have paid higher prices over time to buy Singapore - Straits Times 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. 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. The index is assessed as technically positive for the medium long term.
Extended analysis

S&P 200 (Price Feb 20, 2025: 8481.00)

Buy

Investors have paid higher prices over time to buy S&P 200 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 marginally broken down through support at points 8500. An established break predicts a further decline. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Feb 20, 2025: 25483)

Watch

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. The index is testing resistance at points 25700. This could give a negative reaction, but an upward breakthrough of points 25700 means a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis

Nifty 50 (Price Feb 20, 2025: 22913)

Watch

Nifty 50 has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. A head and shoulders formation is under development. A decisive break of the support at 22788, ideally with an increase in volume, signals a further fall. The index has support at points 22000 and resistance at points 25000. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

NYSE Composite (Price Feb 20, 2025: 20130)

Watch

NYSE Composite 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 resistance at points 20300. This could give a negative reaction, but an upward breakthrough of points 20300 means a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis