Morning Report Mar 20, 2025

NASDAQ (Price Mar 19, 2025: 17751)

Watch

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

Singapore - Straits Times (Price Mar 19, 2025: 3937.50)

Buy

Investors have paid higher prices over time to buy Singapore - Straits Times and the index is in 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 3820 points. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the index. The index is overall assessed as technically positive for the medium long term.
Extended analysis

NYSE Composite (Price Mar 19, 2025: 19581)

Weak 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 moving within a rectangle formation between support at 18857 and resistance at 20158. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 19000 and resistance at points 20200. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Shanghai Composite (Price Mar 19, 2025: 3408.95)

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, which may be because of fundamental news. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Nifty 50 (Price Mar 19, 2025: 22908)

Sell

Nifty 50 is in a falling trend channel in the medium long term. Falling trends indicate that the market experiences negative development and falling buy interest among investors. The price has reacted back after a false break of the head and shoulders formation. A significant penetration of 22779 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 support at points 22000 and resistance at points 25000. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Toronto (Price Mar 19, 2025: 25069)

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Investors have paid higher prices over time to buy Toronto 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 moving within a rectangle formation between support at 24185 and resistance at 25883. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 24400 and resistance at points 25700. 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 neutral for the medium long term.
Extended analysis