Morning Report Mar 26, 2025

NASDAQ (Price Mar 25, 2025: 18272)

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 25, 2025: 3368.70)

Buy

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

Nikkei 225 (Price Mar 25, 2025: 38027)

Sell

Nikkei 225 has broken down from an approximate horixontal trend channel in the medium long term after investors have sold at ever lower prices. A negative signal has been triggered and further decline for the index is indicated. The index has met the objective at 36978 after the break of the rectangle formation. The price has now risen again, but the formation indicates a further fall. The index has marginally broken up through resistance at points 38000. An established break predicts a further rise. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This strengthens the trend break. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Toronto (Price Mar 25, 2025: 25340)

Watch

Investors have paid higher prices over time to buy Toronto 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. The index is moving within a rectangle formation between support at 24208 and resistance at 25896. 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 index is overall assessed as technically neutral for the medium long term.
Extended analysis

Sydney (Price Mar 25, 2025: 8225.10)

Watch

Sydney 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 8317. Further fall to 7902 or lower is signaled. The index is between support at points 8140 and resistance at points 8300. A definitive break through of one of these levels predicts the new direction. 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 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 neutral for the medium long term.
Extended analysis

Nifty 50 (Price Mar 25, 2025: 23669)

Watch

Nifty 50 has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has support at points 22000 and resistance at points 25000. The index is assessed as technically neutral for the medium long term.
Extended analysis