Macro Quarterly Chart of NZ50G (NZX50)Big picture view of NZX 50 Index
NZ50G Quarterly Chart
Basic Elliott Wave - 8 wave structure shown... with where I think we are now
We appear to be in a long term 5 wave trending move higher
Currently within a choppy wave 4 structure that is near completion of a triangle pattern
Triangle patterns
Key data points
No news here
Looks like there's nothing to report right now
NZX50It would appear that we have entered into the buy territory on the New Zealand NZX50 index. Price action is getting close to its long term support line. That is not to say this index will be up next week or anything. Just that for a long term investment, according to the chart technical analysis,
NZX to end 2022 with strong headwindsNew Zealand's stock exchange (NZX) could be facing strong headwinds toward the end of 2022 as third-quarter inflation figures suggest an 75-basis-points hike in the central bank's Official Cash Rate (OCR) in November.
In anticipation of the Reserve Bank rate decision earlier in October, the S&P/NZ
Will the NZX have a positive 2022?Like many stock exchanges globally, the New Zealand stock exchange continues to emerge from the COVID-19 pandemic-induced trough of 2020, although volatility remains as the pandemic drags on and as markets face new challenges such as the ongoing geopolitical tensions in Europe.
NZX had a lackluste
New Zealand NZ50 - Wherefore goest thou?The New Zealand NZ50G (gross) benchmark index versus some indicative major components: Spark telecoms SPK, Auckland International Airport AIA, and then the electricity generation utilities Meridian MEL, Contact CEN and Mercury MCY along with the NZX Utilities Index G55G - and last, but definitely no
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
S&P/NZX 50 INDEX GROSS ( GROSS INDEX ) is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy S&P/NZX 50 INDEX GROSS ( GROSS INDEX ) futures or funds or invest in its components.