Morning Report Apr 11, 2025

NASDAQ (Price Apr 10, 2025: 16387)

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NASDAQ has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. The index is testing support at points 16300. This could give a positive reaction, but a downward breakthrough of points 16300 means a negative signal. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

Shanghai Composite (Price Apr 10, 2025: 3238.23)

Weak sell

Shanghai Composite is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The price has reacted back after a false break of the double top formation. A significant penetration of 3161 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has support at points 3170 and resistance at points 3470. 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 slightly negative for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Apr 10, 2025: 4818.92)

Sell

Euro Stoxx 50 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 5090 points. Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the index. The index is overall assessed as technically negative for the medium long term.
Extended analysis

NYSE Composite (Price Apr 10, 2025: 17891)

Sell

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 met the objective at 17737 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. 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 tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the index. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Singapore - Straits Times (Price Apr 10, 2025: 3509.24)

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Singapore - Straits Times 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 and given a negative signal for the long term trading range. The index is testing support at points 3500. This could give a positive reaction, but a downward breakthrough of points 3500 means a negative signal. Negative volume balance weakens the index in the short term. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

Wellington (Price Apr 10, 2025: 12019)

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Wellington has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index is between support at points 11960 and resistance at points 12100. A definitive break through of one of these levels predicts the new direction. The index is assessed as technically neutral for the medium long term.
Extended analysis

S&P 200 (Price Apr 10, 2025: 7646.50)

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S&P 200 has broken the rising trend channel in the medium long term and reacted strongly down. For the time being, it is difficult to say anything about the future trend direction. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. The index has broken up through resistance at points 7560. This predicts a further rise. The index is overall assessed as technically neutral for the medium long term.
Extended analysis