Morning Report Apr 4, 2025

NASDAQ (Price Apr 3, 2025: 16551)

Weak buy

NASDAQ has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index is testing support at points 16300. This could give a positive reaction, but a downward breakthrough of points 16300 means a negative signal. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

Singapore - Straits Times (Price Apr 3, 2025: 3842.97)

Buy

Singapore - Straits Times 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 testing support at points 3820. This could give a positive reaction, but a downward breakthrough of points 3820 means a negative signal. 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 positive for the medium long term.
Extended analysis

S&P 200 (Price Apr 3, 2025: 7667.80)

Weak buy

S&P 200 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 8067. Further fall to 7663 or lower is signaled. The index is approaching support at 7560 points, which may give a positive reaction. However, a break downwards through 7560 points will be a negative signal. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Toronto (Price Apr 3, 2025: 24336)

Sell

Toronto 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 marginally broken down through support at points 24400. An established break predicts a further decline. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which weakens the index. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Amsterdam - AEX (Price Apr 3, 2025: 877.42)

Sell

Amsterdam - AEX 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 broken a head and shoulders formation. A decisive break of the neckline at approximately 887 will signal a further fall to 834 or less. The index has support at points 860 and resistance at points 923. The index is overall assessed as technically negative for the medium long term.
Extended analysis

NYSE Composite (Price Apr 3, 2025: 18767)

Sell

NYSE Composite 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 broken a double top formation. A decisive break of the support at 18958 will signal a fall to 17737 or less. The index is between support at points 18300 and resistance at points 19000. A definitive break through of one of these levels predicts the new direction. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the index. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Apr 3, 2025: 22850)

Watch

Hong Kong - Hang Seng 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 has marginally broken down through support at points 23000. An established break predicts a further decline. The index is assessed as technically neutral for the medium long term.
Extended analysis

Sydney (Price Apr 3, 2025: 7847.60)

Watch

Sydney has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The price has had a strong fall after the negative signal from the double top formation at the break down through the support at 8317. The objective at 7902 is now met, but the formation signals further development in the same direction. The index is testing support at points 7830. This could give a positive reaction, but a downward breakthrough of points 7830 means a negative signal. The index is overall assessed as technically neutral for the medium long term.
Extended analysis