NASDAQ has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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. RSI diverges negatively against the price, which indicates danger of a reaction downwards. 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
Investors have paid higher prices over time to buy Nifty 50 and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 20000 points. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically positive for the medium long term.
Extended analysis
S&P 500 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 support level in the short term and given a negative signal for the short term trading range. The index is approacing resistance at 5250 points, which may give a negative reaction. However, a break upwards through 5250 points will be a positive signal. 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 slightly negative for the medium long term.
Extended analysis
NYSE Composite 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 in the short term and given a negative signal for the short term trading range. The index has support at points 16150 and resistance at points 18300. 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 slightly negative for the medium long term.
Extended analysis
Hong Kong - Hang Seng is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The price has reacted back after a possible false break of the inverse head and shoulders formation. A decisive break up through 16738 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index is approacing resistance at 17000 points, which may give a negative reaction. However, a break upwards through 17000 points will be a positive signal. The index is overall assessed as technically 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 is approacing resistance at 3070 points, which may give a negative reaction. However, a break upwards through 3070 points will be a positive signal. The index is assessed as technically negative for the medium long term.
Extended analysis
Toronto shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has support at points 20660 and resistance at points 22350. The index is assessed as technically neutral for the medium long term.
Extended analysis
Euro Stoxx 50 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 approacing resistance at 5080 points, which may give a negative reaction. However, a break upwards through 5080 points will be a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis
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 broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 7580 and resistance at points 8150. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
S&P 200 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 in the short term and given a negative signal for the short term trading range. The index has support at points 7360 and resistance at points 7900. 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.