Morning Report Feb 27, 2025

NASDAQ (Price Feb 26, 2025: 19075)

Weak sell

NASDAQ has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index gave a negative signal from the head and shoulders formation by 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 slightly negative for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Feb 26, 2025: 22977)

Buy

Hong Kong - Hang Seng 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 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 26, 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 strengthens the index in the short term. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Feb 26, 2025: 5519.83)

Buy

Euro Stoxx 50 has broken up from an approximate horizontal trend channel in the medium long term after investors have paid ever more. A positive signal has been triggered and further increase for the index is indicated. 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 5100 points. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. 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

Shanghai Composite (Price Feb 26, 2025: 3324.49)

Watch

Shanghai Composite 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 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

NYSE Composite (Price Feb 26, 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