Morning Report Mar 18, 2025

NASDAQ (Price Mar 17, 2025: 17809)

Watch

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 price has had a strong fall after the negative signal from the double top formation at the break down through the support at 19044. The objective at 18021 is now met, but the formation signals further development in the same direction. The index has support at points 16300 and resistance at points 18600. The short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for NASDAQ. 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 index is overall assessed as technically neutral for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Mar 17, 2025: 24741)

Buy

Investors have paid higher prices over time to buy Hong Kong - Hang Seng 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. 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. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. 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

Singapore - Straits Times (Price Mar 17, 2025: 3896.78)

Buy

Singapore - Straits Times 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 3820 points. The index is assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Mar 17, 2025: 24785)

Weak buy

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. The index is moving within a rectangle formation between support at 24204 and resistance at 25876. A decisive break through one of these levels indicates the new direction for the index. The index has broken up through resistance at points 24400. This predicts a further rise. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the rising trend and could be an early signal of a coming trend break. 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

KOSPI (Price Mar 17, 2025: 2612.34)

Weak buy

Investors have accepted lower prices over time to get out of KOSPI 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 KOSPI. The index has broken up through resistance at points 2580. This predicts a further rise. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Shanghai Composite (Price Mar 17, 2025: 3429.76)

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 is approacing resistance at 3470 points, which may give a negative reaction. However, a break upwards through 3470 points will be a positive signal. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Shanghai Composite. 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 neutral for the medium long term.
Extended analysis