OMX STOCKHOLM_PI - 1H - Technical analysis published on 07/13/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 832.02 SEK
My targets
842.18 SEK (+0.46%)
849.19 SEK (+1.30%)
My analysis
OMX STOCKHOLM_PI is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 832.02 SEK. The next resistance located at 842.18 SEK is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 849.19 SEK. After this resistance, buyers could then target 859.57 SEK. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMX STOCKHOLM_PI price is 838.30 SEK. The price is lower by -0.08% since the last closing and was between 835.08 SEK and 839.75 SEK. This implies that the price is at +0.39% from its lowest and at -0.17% from its highest.835.08
839.75
838.30
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMX STOCKHOLM_PI chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 823.82 | 832.02 | 838.27 | 838.30 | 842.18 | 849.19 | 859.57 |
| Change (%) | -1.73% | -0.75% | +0.00% | - | +0.46% | +1.30% | +2.54% |
| Change | -14.48 | -6.28 | -0.03 | - | +3.88 | +10.89 | +21.27 |
| Level | Major | Intermediate | Minor | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 816.98 | 821.58 | 830.29 | 834.89 | 843.60 | 848.20 | 856.91 |
| Camarilla | 835.34 | 836.56 | 837.78 | 839.00 | 840.22 | 841.44 | 842.66 |
| Woodie | 819.04 | 822.61 | 832.35 | 835.92 | 845.66 | 849.23 | 858.97 |
| Fibonacci | 821.58 | 826.66 | 829.81 | 834.89 | 839.97 | 843.12 | 848.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 789.19 | 805.07 | 817.27 | 833.15 | 845.35 | 861.23 | 873.43 |
| Camarilla | 821.76 | 824.33 | 826.91 | 829.48 | 832.05 | 834.63 | 837.20 |
| Woodie | 787.36 | 804.15 | 815.44 | 832.23 | 843.52 | 860.31 | 871.60 |
| Fibonacci | 805.07 | 815.79 | 822.42 | 833.15 | 843.87 | 850.50 | 861.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 770.49 | 792.30 | 820.00 | 841.81 | 869.51 | 891.32 | 919.02 |
| Camarilla | 834.08 | 838.61 | 843.15 | 847.69 | 852.23 | 856.77 | 861.31 |
| Woodie | 773.43 | 793.77 | 822.94 | 843.28 | 872.45 | 892.79 | 921.96 |
| Fibonacci | 792.30 | 811.22 | 822.90 | 841.81 | 860.73 | 872.41 | 891.32 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 62.79 | |
| MACD (12,26,9): | 2.5200 | |
| Directional Movement: | 5.67 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 838.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 837.59 | |
| Elder Ray (13): | 1.21 | |
| Super Trend (3,10): | 833.33 | |
| Zig ZAG (10): | 837.81 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 88.57 | |
| TEMA (21): | 840.69 | |
| Williams %R (14): | -25.49 | |
| Chande Momentum Oscillator (20): | 5.06 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.97 |
| MA7: | 832.34 | |
| MA20: | 837.25 | |
| MA50: | 842.47 | |
| MA100: | 840.95 | |
| MAexp7: | 838.20 | |
| MAexp20: | 835.48 | |
| MAexp50: | 833.64 | |
| MAexp100: | 834.72 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | +0.13% | |
| Price / MA50: | -0.49% | |
| Price / MA100: | -0.32% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.34% | |
| Price / MAexp50: | +0.56% | |
| Price / MAexp100: | +0.43% |
Quotes :
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15 min delayed data
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NASDAQ EU Indices
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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