Morning Report Apr 23, 2025

NASDAQ (Price Apr 22, 2025: 16300)

Weak buy

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 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 slightly positive for the medium long term.
Extended analysis

NYSE Composite (Price Apr 22, 2025: 18455)

Buy

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 broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has broken up through resistance at points 18300. This predicts a further rise. Volume has previously been low at price tops and high at price bottoms. This weakens the index. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Hong Kong - Hang Seng (Price Apr 22, 2025: 22097)

Weak 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 volume balance is negative and weakens the index in the short term. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Nifty 50 (Price Apr 22, 2025: 24167)

Weak buy

Nifty 50 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 23641. Further rise to 25385 or more is signaled. The index has support at points 23600 and resistance at points 25000. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Toronto (Price Apr 22, 2025: 24306)

Watch

Toronto has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index is testing resistance at points 24400. This could give a negative reaction, but an upward breakthrough of points 24400 means 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 neutral for the medium long term.
Extended analysis

Shanghai Composite (Price Apr 22, 2025: 3296.36)

Watch

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