Morning Report Apr 16, 2025

NASDAQ (Price Apr 15, 2025: 16823)

Weak buy

NASDAQ has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 slightly positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Apr 15, 2025: 21150)

Buy

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

Toronto (Price Apr 15, 2025: 24068)

Weak sell

Toronto 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 approacing resistance at 24400 points, which may give a negative reaction. However, a break upwards through 24400 points will be a positive signal. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the index. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

KOSPI (Price Apr 15, 2025: 2447.43)

Sell

KOSPI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The price has reacted back after a break of the head and shoulders formation. There is resistance around 2500, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 2640 points. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Nifty 50 (Price Apr 15, 2025: 23329)

Sell

Nifty 50 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. An inverse head and shoulders formation is under development. A decisive break of the resistance at 23643, ideally with an increase in volume, signals a further rise. The index is testing resistance at points 23600. This could give a negative reaction, but an upward breakthrough of points 23600 means a positive signal. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Sydney (Price Apr 15, 2025: 7961.70)

Watch

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 met the objective at 7902 after the break of the double top formation. The price has now risen again, but the formation indicates a further fall. The index has support at points 7830 and resistance at points 8140. The index is overall assessed as technically neutral for the medium long term.
Extended analysis