Morning Report Apr 24, 2025

NASDAQ (Price Apr 23, 2025: 16708)

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 has broken up through resistance at points 16300. This predicts a further rise. RSI diverges positively against the price, which indicates a possibility for a reaction up. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Toronto (Price Apr 23, 2025: 24473)

Buy

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 has marginally broken up through resistance at points 24400. An established break predicts a further rise. 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 positive for the medium long term.
Extended analysis

Sydney (Price Apr 23, 2025: 8175.10)

Weak buy

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 marginally broken up through resistance at points 8140. An established break predicts a further rise. The index is overall assessed as technically slightly positive for the medium long term.
Extended analysis

Nifty 50 (Price Apr 23, 2025: 24329)

Weak buy

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. 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

NYSE Composite (Price Apr 23, 2025: 18631)

Weak 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 is between support at points 18300 and resistance at points 19000. A definitive break through of one of these levels predicts the new direction. 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 slightly negative for the medium long term.
Extended analysis

Wellington (Price Apr 23, 2025: 12018)

Watch

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