Morning Report Mar 19, 2025

NASDAQ (Price Mar 18, 2025: 17504)

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NASDAQ has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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. 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 index is overall assessed as technically neutral for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Mar 18, 2025: 24771)

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. Volume tops and volume bottoms correspond well with tops and bottoms in the price. 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

Euro Stoxx 50 (Price Mar 18, 2025: 5485.01)

Buy

Euro Stoxx 50 shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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 18, 2025: 19422)

Buy

NYSE Composite 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 is approaching support at 19000 points, which may give a positive reaction. However, a break downwards through 19000 points will be a negative signal. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Mar 18, 2025: 3426.43)

Weak sell

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 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. 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 slightly negative for the medium long term.
Extended analysis

Sydney (Price Mar 18, 2025: 8055.30)

Sell

Sydney 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 8317. Further fall to 7902 or lower is signaled. The index has broken down through support at points 8140. This predicts a further decline. In case of positive reactions, there will now be resistance at points 8140. RSI is below 30 after the falling prices of the past weeks. The index has strong negative momentum and further decline is indicated. 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 negative for the medium long term.
Extended analysis

Nifty 50 (Price Mar 18, 2025: 22834)

Sell

Nifty 50 is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 22000 and resistance at points 25000. The index is overall assessed as technically negative for the medium long term.
Extended analysis