Morning Report Feb 26, 2025

NASDAQ (Price Feb 25, 2025: 19026)

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 double top formation. A decisive break of the support at 19044 will signal a fall to 18018 or less. It also gave a negative signal from the head and shoulders formation at the break down through the support at 19294. Further fall to 18131 or lower is signaled. 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

Singapore - Straits Times (Price Feb 25, 2025: 3925.52)

Buy

Singapore - Straits Times 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

Sydney (Price Feb 25, 2025: 8756.70)

Buy

Sydney 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. 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 200 (Price Feb 25, 2025: 8481.00)

Buy

S&P 200 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has marginally broken down through support at points 8500. An established break predicts a further decline. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This strengthens the trend. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Nifty 50 (Price Feb 25, 2025: 22548)

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 gave a negative signal from the head and shoulders formation by the break down through the support at 22779. Further fall to 20405 or lower is signaled. 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

NYSE Composite (Price Feb 25, 2025: 20130)

Watch

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. This signals increasing optimism among investors and indicates continued rise. 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