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The international stock market indices showed varied performances on January 24, 2025, reflecting the economic sentiment across different regions.
In this article, we analyze the performance of key global indices including the S&P 500, Dow Jones Industrial Average, NASDAQ Composite, FTSE 100, DAX, CAC 40, IBEX 35, Nikkei 225, Hang Seng, Nifty 50, and BSE Sensex.
Technical Analysis of BSE Sensex (India) on January 24, 2025
The BSE Sensex (India) experienced a marginal decline, closing at 76190.46. This marks a percentage change of -0.431% from the previous close, translating to a points change of -329.92. As investors ponder the implications of this movement, several technical indicators provide insight into the potential future direction of the market.
50 EMA and 200 EMA
The 50-day Exponential Moving Average (EMA) for BSE Sensex stands at 78118.75, while the 200-day EMA is positioned at 78679.31. The current closing price being below both these key moving averages suggests a continuation of the bearish trend. The 50 EMA being below the 200 EMA further strengthens the argument for a bearish sentiment in the market.
Relative Strength Index (RSI)
With an RSI value of 36.88, the BSE Sensex is approaching the oversold territory. Typically, an RSI below 30 indicates oversold conditions, which could potentially signal a buying opportunity for traders. However, the current RSI suggests a lack of strong bullish momentum and possibly more room for the downside before hitting the oversold zone.
Moving Average Convergence Divergence (MACD)
The MACD at -733.46, which is below the MACD Signal line of -704.76, reinforces the prevailing downtrend narrative. This crossover in the negative region is a bearish signal, indicating that the market may continue to experience downward pressure in the short term.
Market Sentiment
The technical indicators collectively point to a bearish sentiment dominating the BSE Sensex as of January 24, 2025. The market seems to be in a downtrend, with the 50 EMA below the 200 EMA and the MACD histogram displaying negative values. Both the RSI and the MACD have been instrumental in highlighting the weakening momentum and assisting traders in identifying this bearish trend. While RSI suggests some exhaustion in selling pressure might be nearing, the sentiment remains negative until there's a more substantial bullish reversal signal.
Technical Analysis for CAC 40 (France) on January 24, 2025
Today, the CAC 40 (France) exhibited a positive performance, closing at 7,961.05 points. The index experienced a % change of 0.87%, which is a points change of 68.44 points compared to its previous close at 7,892.61 points. This upward movement suggests a bullish sentiment in the market.
Technical Indicators
Market Sentiment
The overall technical analysis suggests that the CAC 40 is in an uptrend. The index trading above both the 50-day and 200-day EMAs signals a strong bullish market. The RSI's position in the overbought zone could hint at short-term overheating, but it confirms robust buying pressure. The MACD being substantially higher than its signal line underscores the prevailing bullish momentum. Based on these indicators, the outlook remains positive, though traders should be cautious of potential short-term corrections given the high RSI reading.
Technical Analysis of the DAX (Germany) on January 24, 2025
The DAX (Germany) witnessed a robust performance on January 24, 2025, with a closing value of 21496.28. This represented a percentage change of 0.40% from the previous day, with a points change of 84.75.
Technical Indicators Discussion:
The 50-day Exponential Moving Average (EMA) for the DAX stands at 20502.26, while the 200-day EMA is at 20408.05. Generally, when the shorter-term EMA is above the longer-term EMA, it indicates a potential upward trend. The DAX's current position, where both the 50 EMA and 200 EMA are well below the current price, suggests a strong upward momentum.
The Relative Strength Index (RSI) for the DAX is at 81.83. The RSI is an important momentum indicator that measures the speed and change of price movements. An RSI above 70 typically suggests that a stock is overbought or overvalued and may be due for a pullback. In this case, the DAX is in the overbought zone, indicating strong buying pressure.
Analyzing the Moving Average Convergence Divergence (MACD), the value is 273.90, with a MACD signal line of 157.69. The MACD above the signal line suggests bullish momentum, implying that the DAX is experiencing an upward trend.
Market Sentiment:
The current technical indicators point towards a positive market sentiment for the DAX (Germany). The significant gap between the short and long EMAs, the high RSI, and a MACD that is comfortably above its signal line all suggest a continuing uptrend. The RSI, despite being in the overbought territory, indicates strong market enthusiasm, while the MACD confirms the bullish sentiment with a substantial positive divergence from its signal line.
Overall, the technical analysis indicates that the DAX (Germany) is in a robust uptrend, fueled by strong buying momentum and confirmed by key indicators. Traders and investors should watch for a potential price correction given the overbought RSI, but the general outlook remains bullish for the immediate future.
Technical Analysis for Dow Jones Industrial Average (US) on January 24, 2025
The Dow Jones Industrial Average (US) exhibited a positive momentum on January 24, 2025. The index closed at 44,565.07, which signifies a percentage change of 0.92%. This translates into a significant points change of 408.34, indicating bullish sentiment in the market.
Technical Indicators
The 50-day Exponential Moving Average (EMA) is currently at 43,277.39, while the 200-day EMA is positioned at 43,362.05. The close is above both EMAs, suggesting a prevailing uptrend in the market. This means that the shorter-term dynamics are showing strength compared to the longer-term trend, which can be seen as a bullish signal.
The Relative Strength Index (RSI) stands at 66.73. Since the RSI is below 70, it implies that the market is not yet overbought, but it is close to the threshold, confirming strong buying pressure.
The Moving Average Convergence Divergence (MACD) is at 174.31, with the MACD Signal line at -61.31. The positive MACD value, accompanied by a rising signal line, further corroborates the bullish sentiment. This divergence indicates momentum favoring the bulls.
Market Sentiment
The performance of the Dow Jones suggests that the market was in an uptrend on the evaluated date. Both RSI and MACD highlight the trend direction. The RSI illustrates the strength and velocity of the price movement, while the MACD is a straightforward trend-following momentum indicator. Together, they cemented the perception that the market was gaining and suggested further potential for upwards movement until signs of reversal appeared.
Overall, the technical analysis for the Dow Jones Industrial Average reflects a robust bullish sentiment, with potential for continued upward movement based on current indicators.
FTSE 100 (UK) Technical Analysis - January 24, 2025
On January 24, 2025, the FTSE 100 (UK) exhibited a change of -0.34% with a points change of -28.74 points, closing at 8536.46. This slight decline in points indicates a modest bearish sentiment in the market.
Technical Indicators:
50 EMA: The 50-day Exponential Moving Average (EMA) for FTSE 100 stood at 8324.61. As the current close is above the 50 EMA, it suggests a potential intermediate bullish trend or at least some level of support near the current price level.
200 EMA: The longer-term 200-day EMA is 8300.36, which is notably lower than the recent closing price, reinforcing the upward trend seen over the longer term. The price trading above the 200 EMA is generally considered as a bullish signal.
RSI: The Relative Strength Index (RSI) is at 68.69. RSI values above 70 typically signal that the market is overbought, while values below 30 suggest it is oversold. The current RSI nearing 70 indicates that the index is approaching overbought territory, which might lead to some caution about a potential reversal or correction.
MACD: The Moving Average Convergence Divergence (MACD) is at 78.20, with the signal line at 48.95. The MACD being above the signal line suggests bullish momentum. A significant positive difference between the MACD line and the signal line demonstrates strong positive momentum.
Market Sentiment:
Considering the technical indicators, the FTSE 100 (UK) has been reflecting a mixed sentiment. The position of the closing price above both the 50 EMA and 200 EMA indicates an overarching bullish trend. However, the decreasing percentage and points changes, combined with a high RSI nearing overbought levels, suggest potential caution for traders expecting the uptrend to continue without interruption. The MACD reinforces the current uptrend, yet close monitoring is suggested as the RSI nears key levels. Overall, the market's performance suggests a cautiously bullish sentiment, with indicators alerting to the possibility of a future correction.
Hang Seng Index (Hong Kong) Technical Analysis - January 24, 2025
The Hang Seng Index (Hong Kong) experienced a notable rise of 1.86% with a points change of 365.63. The index closed at 20,066.19, recovering from the previous close of 19,700.56. This positive movement signals investor optimism and potential growth for the index in the short term.
Technical Indicators:
The 50 EMA (Exponential Moving Average) for the Hang Seng Index stands at 19,707.04, while the 200 EMA is slightly higher at 19,740.78. The close above both the 50 EMA and the 200 EMA is generally considered a bullish signal, indicating that the current price level is higher than the average price over the medium and longer term.
The RSI (Relative Strength Index) is at 58.27, which is comfortably below the overbought threshold of 70. This suggests that the index still has room to grow before reaching levels of potential reversal due to being overbought.
The MACD (Moving Average Convergence Divergence) is at 24.14 with a MACD Signal of -49.76. The positive MACD, when compared to its signal line, indicates bullish momentum, suggesting that the index's recent positive trend may continue.
Market Sentiment:
The technical indicators reflect a market in an uptrend for the Hang Seng Index. The price movement above key moving averages (50 EMA and 200 EMA) indicates positive momentum. The RSI, while approaching higher levels, does not suggest the market is yet overbought, allowing for potential additional gains.
The MACD indicator adds to the bullish sentiment, as its positive value over the signal line demonstrates strengthening momentum. Together, the RSI and MACD provide a consistent picture of a market that is trending upwards, enhancing investor confidence.
Technical Analysis of IBEX 35 (Spain) on January 24, 2025
The IBEX 35, Spain's benchmark stock index, reported a slight decrease on January 24, 2025. The index closed at 11,973.80, representing a percentage change of -0.15% with a points change of -17.70.
Technical Indicators
Examining the technical indicators offers greater insight into the current market status of the IBEX 35:
50-EMA: The 50-day Exponential Moving Average (EMA) is currently at 11,790.50, indicating that the market is trading above this average, suggesting moderate bullish momentum in the medium term.
200-EMA: The 200-day EMA stands at 11,776.82. The fact that the current price is above this long-term average further confirms an ongoing bullish trend.
RSI: The Relative Strength Index (RSI) is at 60.53. Since an RSI above 50 typically indicates bullish momentum, this reading reinforces the notion that the market may continue its uptrend.
MACD: The Moving Average Convergence Divergence (MACD) is at 61.89, with a signal line of 40.67. The MACD is above the signal line, which often points to a bullish momentum.
Market Sentiment
Based on the aforementioned technical indicators, it can be concluded that the IBEX 35 was experiencing an uptrend as of January 24, 2025. The index's position above both the 50 EMA and 200 EMA suggests a persistent positive market sentiment. The RSI, with a reading over 50, corroborates this bullish sentiment. Additionally, the MACD, being above the signal line, implies a continuation of upward momentum, confirming the overall positive trend in the market.
Thus, the technical indicators indicate a primarily bullish phase for the IBEX 35, with room for further growth, unless market conditions change significantly.
Technical Analysis of NASDAQ Composite (US) on January 24, 2025
The NASDAQ Composite (US) closed at 20,053.68 on January 24, 2025, reflecting a positive movement. There was a percentage change of 0.22% with a point increase of 44.34 points from the previous close of 20,009.34.
Technical Indicators:
The analysis of the technical indicators gives us an insight into the market dynamics:
Market Sentiment:
The market sentiment for the NASDAQ Composite on January 24, 2025, indicates a clear upward trend. The technical indicators, particularly the RSI and MACD, validate this upward momentum. With the RSI below overbought levels and the MACD displaying a bullish crossover, there is a strong indication of continued upward movement. The price positioning above both the 50 and 200 EMAs further supports the scenario of an upward trend. Investors and traders might find this an opportune moment to capitalize on the bullish sentiment if the overall market conditions remain favorable.
Nifty 50 (India) Technical Analysis - January 24, 2025
On January 24, 2025, the Nifty 50 (India) experienced a percent change of -0.49% which translates into a points change of -113.15 points. As a key index representing the broader Indian stock market, today's performance reflects certain technical conditions analyzed below.
Technical Indicators:
1. 50-day EMA: The 50-day Exponential Moving Average stands at 23,644.39. This value plays a critical role in identifying medium-term trends and is currently above the closing price, suggesting a bearish sentiment.
2. 200-day EMA: The 200-day Exponential Moving Average is at 23,804.48. As a longer-term trend indicator, the 200 EMA is also above the current closing price, reinforcing a downward trend.
3. RSI: The Relative Strength Index is at 37.32. In technical analysis, an RSI level below 30 is typically considered as oversold, while above 70 is overbought. At 37.32, the RSI suggests that the index is approaching oversold conditions but not quite there yet, pointing towards potential bearish continuation or a possible reversal opportunity.
4. MACD: The Moving Average Convergence Divergence shows a value of -208.30 with its signal line at -201.05. As a momentum indicator, the negative MACD and its position below the signal line indicate bearish momentum is still present.
Market Sentiment:
The current technical indicators suggest that the market sentiment around the Nifty 50 (India) is bearish. The 50 EMA and 200 EMA being higher than the current closing price indicate the market is in a downtrend. The RSI, being close to oversold but not quite there, suggests weakened market strength without indicating an immediate recovery. Coupled with the MACD remaining negative, the bearish trend seems likely to continue unless there's a shift in momentum.
In conclusion, based on the technical indicators, the Nifty 50 (India) appears to be in a short-term downtrend with potential oversold conditions that traders should monitor closely for any reversal signals in the near future.
Technical Analysis of Nikkei 225 (Japan) on January 24, 2025
The Nikkei 225 (Japan) experienced a slight downturn on January 24, 2025. The index closed at 39931.98, marking a decrease of 0.067% from the previous close of 39958.87. This represents a points change of -26.89.
Technical Indicators:
For the Nikkei 225, the 50-day Exponential Moving Average (EMA) is at 39289.95, and the 200-day EMA is at 39283.17. The Relative Strength Index (RSI) is at 59.43, indicating moderate momentum. The Moving Average Convergence Divergence (MACD) is 46.81, with the MACD Signal at -34.85, suggesting a bullish crossover.
Market Sentiment:
Examining the technical indicators, the Nikkei 225 shows mixed signals. The index is trading slightly above both the 50-day and 200-day EMAs, typically a sign of resilience and a potential uptrend. However, the decrease in points on January 24 signals some selling pressure. The RSI is in a neutral zone, suggesting neither overbought nor oversold conditions, and providing limited clues on the future direction. The MACD, being positive and above the signal line, suggests bullish momentum, reinforcing a potential uptrend.
Considering these metrics, the overall sentiment for the market on January 24 leaned towards a cautiously optimistic view, with indicators slightly favoring an uptrend despite the daily decline. The RSI and MACD collectively indicate that while the market shows potential for upward momentum, it is not strongly trending in either direction, requiring traders to exercise caution.
Technical Analysis of S&P 500 (US) on January 24, 2025
The S&P 500 (US) witnessed a notable shift in its market position on January 24, 2025. The index saw a % change of 0.53%, resulting in a points change of 32.34 points. These movements position the S&P 500 (US) to close at a level of 6118.71.
Technical Indicators Analysis:
The 50-day Exponential Moving Average (EMA) stands at 5975.04, and the 200-day EMA is slightly higher at 5982.03. The consistent values of these EMAs depict a core supportive area in which the index is currently operating. A pivotal insight is derived from the Relative Strength Index (RSI), measured at 63.68. This RSI level indicates a prevailing bullish momentum, yet it is crucial to monitor for any potential overbought conditions as RSI approaches closer to 70.
The Moving Average Convergence Divergence (MACD) indicator is stationed at 16.81, with a MACD Signal of -8.49. The positive gap between the MACD and its signal line supports a bullish sentiment, suggesting further possible upward movements in the market.
Market Sentiment:
Based on the technical indicators, the S&P 500 (US) is demonstrating signs of being in an uptrend. The 50-day and 200-day EMAs running close suggest a supportive domain beneath the current trading level. The RSI being above 60 fortifies the case for bullish market sentiment, while the positive divergence between the MACD and its signal line further confirms an upward trajectory in market momentum. These indicators collectively offer a positive outlook, possibly indicating continued market elevation, provided there isn't any abrupt shift in wider economic factors.
Investors are encouraged to consider these technical aspects in their market strategy planning and remain vigilant of future signals that could suggest shifts in current market trends.
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