Sydney (SYDNEY.NDX)

Close: 8 471.50 (+18.80), Dec 24, 2024
Positive

Automatic technical analysis. Long term, Dec 24, 2024

Sydney is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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 7840 points. Trading volume has increased substantially lately. This shows there is an increased interest for the index, possibly because of fundamental news. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.55%0.00+0.22%
5 days-88.511.80%996.88-1.02%
22 days-35.564.26%1 051.46-1.87%
66 days-14.717.83%1 070.98+1.04%

More analyses of Sydney

chart Sydney (SYDNEY) Candlesticks 22 Days
Candlesticks
chart Sydney (SYDNEY) Short term
Short term: Positive
chart Sydney (SYDNEY) Medium term
Medium term: Weak Positive
chart Sydney (SYDNEY) Long term
Long term: Positive
 


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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.

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