Sydney (SYDNEY.NDX)
Close: 8 437.20 (+20.20), Sep 20, 2024
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Liquidity risk: | Volatility risk: |
Short term
Sydney shows strong development within a rising trend channel in the short 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 8300 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the short term. Recommendation one to six weeks:
Medium term
Sydney has broken the rising trend up in the medium long term. This signals an even stronger rate of growth, but the positive development may result in corrections down in the short term. The price has also broken a resistance level and given a positive signal for the long-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 8150 points. The index is overall assessed as technically positive for the medium long term. Recommendation one to six months:
Long term
Sydney has broken up from an approximate horizontal trend channel in the long term after investors have paid ever more. A positive signal has been triggered and further increase for the index is indicated. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 7591. The objective at 8302 is now met, but the formation still gives a signal in the same direction. 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 7800 points. The index is overall assessed as technically positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.55% | 0.00 | +0.24% |
5 days | -4.93 | 1.85% | 837.44 | +1.37% |
22 days | 30.26 | 4.43% | 545.62 | +2.80% |
66 days | 10.08 | 7.52% | 354.72 | +5.33% |
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