Morning Report Apr 25, 2025

NASDAQ (Price Apr 24, 2025: 17166)

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 broken a resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 16300 and resistance at points 18600. 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

Singapore - Straits Times (Price Apr 24, 2025: 3832.25)

Buy

Singapore - Straits Times 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 marginally broken up through resistance at points 3820. An established break predicts a further rise. Negative volume balance indicates that sellers are aggressive while buyers are passive, and weakens the index. The index is overall assessed as technically positive for the medium long term.
Extended analysis

S&P 500 (Price Apr 24, 2025: 5484.77)

Buy

S&P 500 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 resistance level in the short term and given a positive signal for the short-term trading range. The index has support at points 5200 and resistance at points 5820. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Sydney (Price Apr 24, 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 24, 2025: 24247)

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

KOSPI (Price Apr 24, 2025: 2546.30)

Sell

KOSPI shows weak development in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for KOSPI. The price has reacted back after a break of the head and shoulders formation without quite reaching the objective at 2211. A significant break 2500 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive 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 volume balance is negative and weakens the index in the short term. The index is overall assessed as technically negative for the medium long term.
Extended analysis

Shanghai Composite (Price Apr 24, 2025: 3295.06)

Watch

Shanghai Composite is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. 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