Sydney (SYDNEY.NDX)

Close: 8 175.10 (+49.90), Apr 24, 2025

Hold

Automatic technical analysis. Long term, Apr 24, 2025

Sydney has broken through the floor of a rising trend channel in the 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 7902 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. The index has support at points 7800 and resistance at points 8800. Trading volume has increased substantially lately, which may be because of fundamental news. 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 long term.

Recommendation one to six quarters: Hold

Period	Vol.bal.	Volatility	Liquidity	+/- %
1 day	-	0.59%	1 111.76	+0.61%
5 days	-4.40	1.93%	1 295.16	+2.57%
22 days	-9.96	4.74%	1 376.96	+0.20%
66 days	0.30	8.09%	1 161.84	-4.34%

More analyses of Sydney

Candlesticks

Short term: Negative

Medium term: Weak Positive

Long term: Hold

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