Morning Report Mar 5, 2025

NASDAQ (Price Mar 4, 2025: 18285)

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 gave a negative signal from the double top formation by the break down through the support at 19044. Further fall to 18021 or lower is signaled. The index has broken down through support at points 18600. This predicts a further decline. In case of positive reactions, there will now be resistance at points 18600. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Mar 4, 2025: 23594)

Buy

Hong Kong - Hang Seng shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has broken up through resistance at points 23000. This predicts a further rise. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. 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

S&P 200 (Price Mar 4, 2025: 8141.10)

Buy

S&P 200 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 support level in the short term and given a negative signal for the short term trading range. The index is approaching support at 8060 points, which may give a positive reaction. However, a break downwards through 8060 points will be a negative signal. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the trend break. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Mar 4, 2025: 5387.31)

Buy

An approximate horizontal trend channel in the medium long term is broken up. Continued strong development is indicated, and the index now meets support on possible reactions down towards the trend lines. 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 5090 points. The index is assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Mar 4, 2025: 24572)

Weak sell

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. However, the index has built a double top formation and given signal of further fall to 24709. On reactions back, there is now resistance at 25242. The index is testing support at points 24400. This could give a positive reaction, but a downward breakthrough of points 24400 means a negative signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

KOSPI (Price Mar 4, 2025: 2558.13)

Sell

KOSPI has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 2500 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has broken down through support at points 2580. This predicts a further decline. In case of positive reactions, there will now be resistance at points 2580. The index is overall assessed as technically negative for the medium long term.
Extended analysis

AMEX Composite (Price Mar 4, 2025: 4767.25)

Sell

Investors have paid higher prices over time to buy AMEX Composite 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 built a double top formation and given signal of further fall to 4637. On reactions back, there is now resistance at 4878. The index has support at points 4660 and resistance at points 5080. The index is overall assessed as technically negative for the medium long term.
Extended analysis

S&P 500 (Price Mar 4, 2025: 5778.15)

Sell

S&P 500 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. However, the index has broken a double top formation. A decisive break of the support at 5827 will signal a fall to 5557 or less. The index has marginally broken down through support at points 5820. An established break predicts a further decline. 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 negative for the medium long term.
Extended analysis

Shanghai Composite (Price Mar 4, 2025: 3341.96)

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 3170 and resistance at points 3470. 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

CAC (Price Mar 4, 2025: 8047.92)

Watch

Investors have paid higher prices over time to buy CAC 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 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 7920 and resistance at points 8220. The index is overall assessed as technically neutral for the medium long term.
Extended analysis