OMX HELSINKI_PI - 1H - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
6%
56%
My opinion
Bullish above 9,820.95 EUR
My targets
9,905.84 EUR (+0.38%)
10,049.25 EUR (+1.84%)
My analysis
The bullish trend is currently very strong on OMX HELSINKI_PI. As long as the price remains above the support at 9,820.95 EUR, you could try to benefit from the boom. The first bullish objective is located at 9,905.84 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 10,049.25 EUR as an objective. Crossing it would then enable buyers to target 10,168.12 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Londinia.
Additional analysis
Quotes
The OMX HELSINKI_PI price is 9,867.90 EUR. On the day, this instrument lost -0.26% and was traded between 9,821.36 EUR and 9,870.65 EUR over the period. The price is currently at +0.47% from its lowest and -0.03% from its highest.9,821.36
9,870.65
9,867.90
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OMX HELSINKI_PI:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OMX HELSINKI_PI in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 9,717.58 | 9,756.93 | 9,820.95 | 9,867.90 | 9,873.99 | 9,905.84 | 9,926.88 |
| Change (%) | -1.52% | -1.12% | -0.48% | - | +0.06% | +0.38% | +0.60% |
| Change | -150.32 | -110.97 | -46.95 | - | +6.09 | +37.94 | +58.98 |
| Level | Intermediate | Major | Minor | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,726.03 | 9,764.53 | 9,828.83 | 9,867.33 | 9,931.63 | 9,970.13 | 10,034.43 |
| Camarilla | 9,864.85 | 9,874.27 | 9,883.70 | 9,893.12 | 9,902.54 | 9,911.97 | 9,921.39 |
| Woodie | 9,738.92 | 9,770.98 | 9,841.72 | 9,873.78 | 9,944.52 | 9,976.58 | 10,047.32 |
| Fibonacci | 9,764.53 | 9,803.80 | 9,828.06 | 9,867.33 | 9,906.60 | 9,930.86 | 9,970.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,508.45 | 9,584.44 | 9,665.66 | 9,741.65 | 9,822.87 | 9,898.86 | 9,980.08 |
| Camarilla | 9,703.66 | 9,718.07 | 9,732.48 | 9,746.89 | 9,761.30 | 9,775.71 | 9,790.12 |
| Woodie | 9,511.08 | 9,585.75 | 9,668.29 | 9,742.96 | 9,825.50 | 9,900.17 | 9,982.71 |
| Fibonacci | 9,584.44 | 9,644.49 | 9,681.59 | 9,741.65 | 9,801.70 | 9,838.80 | 9,898.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,409.51 | 9,534.96 | 9,640.93 | 9,766.38 | 9,872.35 | 9,997.80 | 10,103.77 |
| Camarilla | 9,683.25 | 9,704.46 | 9,725.68 | 9,746.89 | 9,768.10 | 9,789.32 | 9,810.53 |
| Woodie | 9,399.76 | 9,530.09 | 9,631.18 | 9,761.51 | 9,862.60 | 9,992.93 | 10,094.02 |
| Fibonacci | 9,534.96 | 9,623.37 | 9,677.98 | 9,766.38 | 9,854.79 | 9,909.40 | 9,997.80 |
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): | 57.85 | |
| MACD (12,26,9): | 25.3000 | |
| Directional Movement: | 0.34 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 9,872.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,802.51 | |
| Elder Ray (13): | -3.03 | |
| Super Trend (3,10): | 9,918.07 | |
| Zig ZAG (10): | 9,867.89 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 55.34 | |
| TEMA (21): | 9,883.91 | |
| Williams %R (14): | -29.79 | |
| Chande Momentum Oscillator (20): | 81.52 | |
| Repulse (5,40,3): | 0.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.82 |
| MA7: | 9,801.20 | |
| MA20: | 9,795.96 | |
| MA50: | 9,864.71 | |
| MA100: | 9,895.57 | |
| MAexp7: | 9,862.18 | |
| MAexp20: | 9,838.81 | |
| MAexp50: | 9,802.17 | |
| MAexp100: | 9,787.99 | |
| Price / MA7: | +0.68% | |
| Price / MA20: | +0.73% | |
| Price / MA50: | +0.03% | |
| Price / MA100: | -0.28% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.67% | |
| Price / MAexp100: | +0.82% |
Quotes :
-
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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