NASDAQ 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. The index has support at points 14300 and resistance at points 16400. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Investors have paid higher prices over time to buy Nikkei 225 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. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 33592. The objective at 36440 is now met, but the formation still gives a signal in the same direction. The index has support at points 33600 and resistance at points 40900. The index is overall assessed as technically 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 rectangle formation by a break up through the resistance at 17149. Further rise to 18126 or more is signaled. The index has support at points 17000 and resistance at points 19000. The RSI curve shows a rising trend, which could be an early signal of the start of a rising 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 Wellington and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. A head and shoulders formation is under development. A decisive break of the support at 11818, ideally with an increase in volume, signals a further fall. The index has broken down through support at points 11930. This predicts a further decline. In case of positive reactions, there will now be resistance at points 11930. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
Shanghai Composite has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling 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 is between support at points 3070 and resistance at points 3150. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically neutral 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 support at points 16450 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 neutral for the medium long term.
Extended analysis
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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.