NASDAQ is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 14400 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Investors have paid higher prices over time to buy Toronto 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. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 20640 points. The index is assessed as technically positive for the medium long term.
Extended analysis
Investors have paid higher prices over time to buy Euro Stoxx 50 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. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 4420 points. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Nifty 50 shows strong development within 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 19350 and resistance at points 22500. 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 positive for the medium long term.
Extended analysis
Singapore - Straits Times is in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Singapore - Straits Times. It also gave positive signal from the inverse head and shoulders formation at the break up through the resistance at 3208. Further rise to 3403 or more is signaled. 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 marginally broken up through resistance at points 3240. An established break predicts a further rise. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically positive for the medium long term.
Extended analysis
Shanghai Composite has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has broken a support level in the short term and given a negative signal for the short term trading range. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 3080 points. The index is overall assessed as technically negative for the medium long term.
Extended analysis
Hong Kong - Hang Seng shows weak development in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Hong Kong - Hang Seng. The price has reacted back after a possible false break of the inverse head and shoulders formation. A decisive break up through 16738 will again give new positive signals to the index, while a break on the opposite side of the formation will be a strong negative signal. The index has support at points 15000 and resistance at points 17000. The index is overall assessed as technically neutral for the medium long term.
Extended analysis
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.