Morning Report Apr 7, 2025

NASDAQ (Price Apr 4, 2025: 15588)

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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 between support at points 15300 and resistance at points 16300. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically neutral for the medium long term.
Extended analysis

Euronext PSI20 (Price Apr 4, 2025: 6635.79)

Buy

Euronext PSI20 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index is moving within a rectangle formation between support at 6160 and resistance at 6991. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 6470 and resistance at points 6860. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Singapore - Straits Times (Price Apr 4, 2025: 3825.86)

Weak 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. 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 volume balance is negative and weakens the index in the short term. 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 slightly positive for the medium long term.
Extended analysis

UK 100 (CBOE) (Price Apr 4, 2025: 803.49)

Weak buy

UK 100 (CBOE) 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 support level and given a negative signal for the long term trading range. The index is testing support at points 800. This could give a positive reaction, but a downward breakthrough of points 800 means a negative signal. 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 index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Toronto (Price Apr 4, 2025: 23194)

Weak 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 support at points 22500 and resistance at points 24400. 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 slightly negative for the medium long term.
Extended analysis

Nikkei 225 (Price Apr 4, 2025: 33781)

Weak sell

Nikkei 225 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 received a negative signal from the moving average indicator, thus signaling a continued fall. The index is testing support at points 33500. This could give a positive reaction, but a downward breakthrough of points 33500 means a negative signal. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which 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 slightly negative for the medium long term.
Extended analysis

Nifty 50 (Price Apr 4, 2025: 22904)

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 has support at points 22000 and resistance at points 23600. The index is overall assessed as technically negative for the medium long term.
Extended analysis

NYSE Composite (Price Apr 4, 2025: 17619)

Sell

NYSE Composite 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 18958. The objective at 17737 is now met, but the formation signals further development in the same direction. The index is between support at points 17400 and resistance at points 18300. 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 short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for NYSE Composite. 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

AMEX Composite (Price Apr 4, 2025: 4607.95)

Sell

AMEX Composite has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The price has broken through the floor at 4795 of a rectangle pattern. A decisive break will signal a further fall to 4405 or less. The index has broken down through support at points 4650. This predicts a further decline. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Amsterdam - AEX (Price Apr 4, 2025: 841.29)

Sell

An approximate horizontal trend channel in the medium long term is broken down. A continued weak development is indicated, and the index now meets resistance on possible reactions up towards the trend lines. It also gave a negative signal from the head and shoulders formation at the break down through the support at 887. Further fall to 834 or lower is signaled. The price has also broken a support level and given a negative signal for the long-term trading range. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 860 points. The short term momentum of the index is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Amsterdam - AEX. 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