Morning Report Apr 2, 2025

NASDAQ (Price Apr 1, 2025: 17450)

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 Apr 1, 2025: 3955.93)

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

NYSE Composite (Price Apr 1, 2025: 19398)

Buy

NYSE Composite shows strong development within 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 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

Euro Stoxx 50 (Price Apr 1, 2025: 5320.30)

Weak sell

Euro Stoxx 50 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The price has reacted back after a false break of the double top formation. A significant penetration of 5310 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 5090 and resistance at points 5540. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Nikkei 225 (Price Apr 1, 2025: 35726)

Sell

Nikkei 225 is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The price has had a strong fall after the negative signal from the rectangle formation at the break down through the support at 38679. The objective at 36978 is now met, but the formation signals further development in the same direction. The index has support at points 31500 and resistance at points 37100. Volume has previously been low at price tops and high at price bottoms. This weakens the index and indicates increased chance of a break down. The short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Nikkei 225. 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 Apr 1, 2025: 23166)

Sell

Nifty 50 has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. 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 is approacing resistance at 23600 points, which may give a negative reaction. However, a break upwards through 23600 points will be a positive signal. The index is overall assessed as technically negative for the medium long term.
Extended analysis