Morning Report Feb 25, 2025

NASDAQ (Price Feb 24, 2025: 19287)

Sell

NASDAQ has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a head and shoulders formation. A decisive break of the neckline at approximately 19294 will signal a further fall to 18131 or less. The index is between support at points 18600 and resistance at points 20000. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Feb 24, 2025: 22977)

Buy

Hong Kong - Hang Seng 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 and given a positive signal for the long-term trading range. The index is testing resistance at points 23000. This could give a negative reaction, but an upward breakthrough of points 23000 means a positive signal. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Sydney (Price Feb 24, 2025: 8756.70)

Buy

Sydney 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 support at points 8750. This could give a positive reaction, but a downward breakthrough of points 8750 means a negative signal. 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

S&P 500 (Price Feb 24, 2025: 5983.25)

Weak buy

Investors have paid higher prices over time to buy S&P 500 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. However, the price has broken a support level in the short term and given a negative signal for the short term trading range. The index is between support at points 5820 and resistance at points 6100. A definitive break through of one of these levels predicts the new direction. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Nikkei 225 (Price Feb 24, 2025: 39270)

Weak sell

Nikkei 225 is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The index is moving within a rectangle formation between support at 38459 and resistance at 40033. A decisive break through one of these levels indicates the new direction for the index. The index is between support at points 38400 and resistance at points 40000. A definitive break through of one of these levels predicts the new direction. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the index and indicates increased chance of a break down. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Nifty 50 (Price Feb 24, 2025: 22553)

Weak sell

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. The index has broken a head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a falling trend. The index has support at points 22000 and resistance at points 25000. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Toronto (Price Feb 24, 2025: 25483)

Watch

Toronto 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 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

Shanghai Composite (Price Feb 24, 2025: 3324.49)

Watch

Shanghai Composite is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index has support at points 3160 and resistance at points 3470. 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