Sydney (SYDNEY.NDX)

Close: 8 022.70 (+28.50), May 10, 2024
Positive

Liquidity risk: Volatility risk:

Overall analysis

Sydney is technically positive for the short and long term, and neutral for the medium term.

Recommendation one to six months: Positive

Short term

Sydney is in a rising trend channel in the short term. This signals increasing optimism among investors and indicates continued rise. The index has met the objective at 8052 after a break of the double bottom formation. The price has now fallen, but the formation indicates further rise. The index has support at points 7930 and resistance at points 8110. The index is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive

Medium term

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 has met the objective at 8052 after a break of the double bottom formation. The price has now fallen, but the formation indicates further rise. The index has support at points 7810 and resistance at points 8150. Volume has previously been low at price tops and high at price bottoms. This weakens the index. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold

Long term

Sydney is within an approximate horizontal trend channel in the 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 given a positive signal from the rectangle formation by a break up through the resistance at 7591. Further rise to 8302 or more is signaled. The index has broken up through resistance at points 7800. This predicts a further rise. In case of negative reactions, there will now be support at points 7800. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive



Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.55%1 030.37+0.36%
5 days-59.521.83%206.07+1.59%
22 days-27.314.77%247.30-0.72%
66 days2.158.62%295.71+1.15%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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