Morning Report Apr 12, 2024


Buy: NASDAQ TORONTO NIFTY
Sell: SSEC
Watch: STOXX NYA

NASDAQ (Price Apr 11, 2024: 16442)
Buy


NASDAQ shows strong development within 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 14300 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

Toronto (Price Apr 11, 2024: 22110)
Buy


Toronto 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. 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 20660 points. The index is assessed as technically positive for the medium long term.
Extended analysis

Nifty 50 (Price Apr 11, 2024: 22643)
Buy


Nifty 50 is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has also broken a resistance level in the short term and given a positive signal for the short-term trading range. 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 22000 points. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The index is overall assessed as technically positive for the medium long term.
Extended analysis

Shanghai Composite (Price Apr 11, 2024: 3019.47)
Sell


Shanghai Composite is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 3070 points. The index is assessed as technically negative for the medium long term.
Extended analysis

Euro Stoxx 50 (Price Apr 11, 2024: 4966.68)
Watch


Euro Stoxx 50 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 is approacing resistance at 5080 points, which may give a negative reaction. However, a break upwards through 5080 points will be a positive signal. Volume has previously been high at price tops and low at price bottoms. This strengthens the trend. The index is overall assessed as technically neutral for the medium long term.
Extended analysis

NYSE Composite (Price Apr 11, 2024: 17915)
Watch


NYSE Composite 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 is approacing resistance at 18300 points, which may give a negative reaction. However, a break upwards through 18300 points will be a positive signal. The index is assessed as technically neutral for the medium long term.
Extended analysis

The report consists of daily evaluations by Investtech´s automated analysis system. The selection is mainly based on new medium term technical signals from the last closing price.
Previous reports
Date
20240501204
20240430303
20240429303
20240426402
20240425312
20240424511
20240423422
20240422222
20240419312
20240418402
20240417304

Related articles

     


    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.


    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.

    ×

    Please login here

     
    Forgot your password?

    Titlex

    OK
    +

    Cookie consent

    We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

    Our use of cookies

    When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

    Necessary cookies

    Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

    Cookies from Google

    We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

    Allow cookies from Google