Morning Report Mar 25, 2025

NASDAQ (Price Mar 24, 2025: 18189)

Weak 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 has met the objective at 18021 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. The index is approacing resistance at 18600 points, which may give a negative reaction. However, a break upwards through 18600 points will be a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Shanghai Composite (Price Mar 24, 2025: 3369.98)

Buy

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 has given a positive signal from the rectangle formation by a break up through the resistance at 3119. Further rise to 3704 or more is signaled. The index has support at points 3170 and resistance at points 3470. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Mar 24, 2025: 23344)

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 a support level in the short term and given a negative signal for the short term trading range. The index is testing support at points 23000. This could give a positive reaction, but a downward breakthrough of points 23000 means a negative signal. 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

Sydney (Price Mar 24, 2025: 8166.70)

Weak buy

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 marginally broken up through resistance at points 8140. An established break predicts a further rise. 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 could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Toronto (Price Mar 24, 2025: 25304)

Watch

Toronto 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 is moving within a rectangle formation between support at 24207 and resistance at 25892. A decisive break through one of these levels indicates the new direction for the index. The index is approacing resistance at 25700 points, which may give a negative reaction. However, a break upwards through 25700 points will be a positive 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 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

NYSE Composite (Price Mar 24, 2025: 19704)

Watch

Investors have paid higher prices over time to buy NYSE Composite 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 18863 and resistance at 20152. 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 volume balance is negative and weakens the index in the short term. The index is overall assessed as technically neutral for the medium long term.
Extended analysis