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Content
Signals
All indicators - Medium term
AdobeSep 18, 2024
CaterpillarSep 18, 2024
MedtronicSep 18, 2024
Comcast ASep 18, 2024
Elevance HealthSep 18, 2024

The market showed a small loss Wednesday, and Nasdaq Combined Composite Index ended the day at 17573 points, which is a decline of 0.3 percent.

2973 shares were up and 4039 were down, while 303 remained unchanged, and there was no trading in 227 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 560.5 billion.

Adobe closed at 508 dollar after a small loss of 1.3 percent. The stock has now fallen for the fourth day in a row and this past week the stock has lost as much as 12.4 percent. The stock triggered a sell signal by the break down through the support at 509 dollar in double top formation. A further drop to 446 dollar within four months is indicated.
Alphabet C showed a small gain and ended the day at 161 dollar, which is an increase of 0.3 percent. The stock has now closed up for the seventh day in a row and this past week the stock has gained as much as 5.7 percent. It also looks good technically. The stock is trend wise positive in the medium term, has support at 142 dollar and a further increase is indicated.
Applied Therapeutics closed at 7.85 dollar after a huge gain of 68.8 percent. The stock has never gained more in one day since we started measuring this Jun 4. 2019. It was also very high volume. Overall it was traded for 406 millions dollar in the stock, which is 50 times as much as normal daily turnover. The stock is trend wise positive in the medium term and has broken up through resistance at 7.40 dollar.
GE Aerospace closed up 1.8 percent to 184 dollar. The stock has not closed at a higher price since Oct 2017. Since the buy signal from the rectangle formation three days ago, the stock now has gained 4.7 percent.
Portage Biotech rose sharply to close at 9.91 dollar, up 118.8 percent. The stock has never gained more in one day since Aug 23, when it was up 122.2 percent. The stock has now risen for the seventh day in a row. The volume was also very high. At session end it was bought and sold shares for about 511 million dollar in the stock, which equals 21 times mean daily turnover. The stock is trend wise negative in the medium term.

New record on US 500!
The market moved up Thursday, and S&P 500 ended at 5714 points, which is an increase of 1.7 percent. The index thereby broke the previous record from Jul 16 and set a new all time high. The index has thereby closed up eight out of the past nine days.

Indices
S&P 500
arrow green   Positive Candidate
S&P 500 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. The index has marginally broken up through resistance at points 5660. An established break predicts a further rise. 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.
Today´s Case
Coherent (COHR) Price 80.98, Sep 18, 2024
chart
Coherent is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has marginally broken up through resistance at dollar 80.00. An established break predicts a further rise. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the stock. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.77%908.42
CAC402.29%7615.41
COMPX-0.31%17573.00
DAX1.55%19002
HEX1.19%10065.00
N1001.88%1492.06
OMXC25GI0.36%2348.06
OMXSPI1.83%1003.38
OSEBX0.76%1411.02
PSI20-0.51%6720.43
TECDAX0.98%3339.79
BUK100P0.94%833.99
EURUSD0.28%1.1200
CL (OIL)-0.39%70.91
Indices Evaluations
 SML
AEXpospospos
CAC40negnegpos
COMPXnegpospos
DAXpospospos
HEXposneutralneg
N100negneutralneutral
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXnegpospos
PSI20pospospos
TECDAXneutralpospos
BUK100Pneutralpospos
EURUSDneutralposneg
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
US Stocks - Medium term
 
      
46% 32% 22%
 3462 Buy Candidates
 2420 Neutral
 1696 Sell Candidates
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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.


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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