NASDAQ 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 price has also broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is testing resistance at points 16400. This could give a negative reaction, but an upward breakthrough of points 16400 means a positive signal. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Dow Jones Industrial Average has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 37800 and resistance at points 39800. The index is overall assessed as technically positive for the medium long term.
Extended analysis
S&P 500 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 resistance level in the short term and given a positive signal for the short-term trading range. The index is between support at points 4970 and resistance at points 5250. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Sydney has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a double bottom formation. A decisive break of the resistance at 7938 will signal a rise to 8052 or more. The index has support at points 7780 and resistance at points 8150. Volume has previously been low at price tops and high at price bottoms. This weakens the index. 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 positive for the medium long term.
Extended analysis
Euro Stoxx 50 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 4400 and resistance at points 5080. The index is assessed as technically slightly positive for the medium long term.
Extended analysis
Hong Kong - Hang Seng 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 given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 16738. Further rise to 19064 or more is signaled. The index is approacing resistance at 19000 points, which may give a negative reaction. However, a break upwards through 19000 points will be a positive signal. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Hong Kong - Hang Seng. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis
Shanghai Composite 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 broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is testing resistance at points 3150. This could give a negative reaction, but an upward breakthrough of points 3150 means a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis
Toronto is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has support at points 20660 and resistance at points 22350. 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
NYSE Composite has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has support at points 16100 and resistance at points 18300. 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.
Extended analysis
Wellington has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a head and shoulders formation. A decisive break, preferably with increasing volume, is considered a confident signal of the start of a falling trend. The index has support at points 11550 and resistance at points 11950. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
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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.