Morning Report Apr 22, 2025

NASDAQ (Price Apr 21, 2025: 15871)

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NASDAQ 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 received a negative signal from the moving average indicator, thus signaling a continued fall. The index is between support at points 15300 and resistance at points 16300. A definitive break through of one of these levels predicts the new direction. 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

Sydney (Price Apr 21, 2025: 8013.70)

Weak sell

Sydney has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 is approacing resistance at 8140 points, which may give a negative reaction. However, a break upwards through 8140 points will be a positive signal. The index is overall assessed as technically slightly negative for the medium long term.
Extended analysis

NYSE Composite (Price Apr 21, 2025: 18032)

Sell

NYSE Composite has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 has broken down through support at points 18300. This predicts a further decline. Volume has previously been low at price tops and high at price bottoms. This weakens the index. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Singapore - Straits Times (Price Apr 21, 2025: 3788.63)

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Investors have paid higher prices over time to buy Singapore - Straits Times 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 index is testing resistance at points 3820. This could give a negative reaction, but an upward breakthrough of points 3820 means a positive 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

Nikkei 225 (Price Apr 21, 2025: 34221)

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Nikkei 225 is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index has support at points 31500 and resistance at points 38000. Volume has previously been low at price tops and high at price bottoms. This weakens the index and indicates increased chance of a break down. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

Shanghai Composite (Price Apr 21, 2025: 3299.76)

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Shanghai Composite is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. 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 neutral for the medium long term.
Extended analysis