Morning Report Apr 14, 2025

NASDAQ (Price Apr 11, 2025: 16724)

Watch

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 approaching support at 16300 points, which may give a positive reaction. However, a break downwards through 16300 points will be 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

Hong Kong - Hang Seng (Price Apr 11, 2025: 20915)

Weak buy

Hong Kong - Hang Seng 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 has support at points 19600 and resistance at points 23000. The index is assessed as technically slightly positive for the medium long term.
Extended analysis

Sydney (Price Apr 11, 2025: 7853.70)

Weak sell

Sydney 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 price has had a strong fall after the negative signal from the double top formation at the break down through the support at 8317. The objective at 7902 is now met, but the formation signals further development in the same direction. The index is testing support at points 7830. This could give a positive reaction, but a downward breakthrough of points 7830 means a negative signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Apr 11, 2025: 4787.23)

Sell

Euro Stoxx 50 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. 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 volume is high on days with falling prices and low on days with rising prices, which weakens the index. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Singapore - Straits Times (Price Apr 11, 2025: 3512.53)

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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 11, 2025: 12019)

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Wellington 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 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 11, 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