Morning Report Mar 28, 2025

NASDAQ (Price Mar 27, 2025: 17804)

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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

Hong Kong - Hang Seng (Price Mar 27, 2025: 23427)

Buy

Hong Kong - Hang Seng is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is between support at points 23000 and resistance at points 24700. A definitive break through of one of these levels predicts the new direction. Volume has previously been high at price tops and low at price bottoms. 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

Nikkei 225 (Price Mar 27, 2025: 37120)

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 37100. This could give a positive reaction, but a downward breakthrough of points 37100 means a negative signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the index and indicates increased chance of a break down. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Sydney (Price Mar 27, 2025: 8195.50)

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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

Shanghai Composite (Price Mar 27, 2025: 3351.31)

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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 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 neutral for the medium long term.
Extended analysis

Nifty 50 (Price Mar 27, 2025: 23592)

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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 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

NYSE Composite (Price Mar 27, 2025: 19535)

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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 18857 and resistance at 20147. 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