Morning Report Mar 7, 2025

NASDAQ (Price Mar 6, 2025: 18069)

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 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. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Mar 6, 2025: 24231)

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. 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 23000 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. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Mar 6, 2025: 5520.47)

Buy

Euro Stoxx 50 has broken up from an approximate horizontal trend channel in the medium long term. This signals a continued strong development, and the index now meets support on possible reactions down towards the ceiling of the trend channel. 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

NYSE Composite (Price Mar 6, 2025: 19506)

Weak buy

NYSE Composite 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 support at points 19000 and resistance at points 20200. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

S&P 200 (Price Mar 6, 2025: 7948.20)

Weak sell

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 double top formation. A decisive break of the support at 8067 will signal a fall to 7663 or less. The index is between support at points 7900 and resistance at points 8060. A definitive break through of one of these levels predicts the new direction. 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 slightly negative for the medium long term.
Extended analysis

Nifty 50 (Price Mar 6, 2025: 22545)

Sell

Investors have accepted lower prices over time to get out of Nifty 50 and the index is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Nifty 50. 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. RSI below 30 shows that the momentum of the index is strongly negative in the short term. Investor have steadily reduced the price to sell the index, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which supports the negative trend. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Shanghai Composite (Price Mar 6, 2025: 3372.55)

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

Sydney (Price Mar 6, 2025: 8178.50)

Watch

Sydney has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has built a double top formation and given signal of further fall to 7902. On reactions back, there is now resistance at 8317. The index is testing support at points 8140. This could give a positive reaction, but a downward breakthrough of points 8140 means a negative signal. The index is overall assessed as technically neutral for the medium long term.
Extended analysis