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 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 slightly positive for the medium long term.
Extended analysis
Nifty 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 moving within a rectangle formation between support at 22095 and resistance at 22658. A decisive break through one of these levels indicates the new direction for the index. The index is approaching support at 22000 points, which may give a positive reaction. However, a break downwards through 22000 points will be a negative signal. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis
S&P 200 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 7570 and resistance at points 7900. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis
Hong Kong - Hang Seng has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. 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. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. 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 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 assessed as technically slightly negative for the medium long term.
Extended analysis
Singapore - Straits Times 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 3208. Further rise to 3403 or more is signaled. The index is approacing resistance at 3320 points, which may give a negative reaction. However, a break upwards through 3320 points will be a positive signal. 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 broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is approacing resistance at 18300 points, which may give a negative reaction. However, a break upwards through 18300 points will be a positive signal. 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
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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.