OMX HELSINKI 25 - 1H - Technical analysis published on 04/05/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
56%
0%
44%
My opinion
Bullish above 4,420.99 EUR
My targets
4,504.04 EUR (+1.13%)
4,590.97 EUR (+3.08%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OMX HELSINKI 25 as long as the price remains well above 4,420.99 EUR. The buyers' bullish objective is set at 4,504.04 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,590.97 EUR. If there is any crossing, the next objective would be the resistance located at 5,068.23 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7.9
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Additional analysis
Quotes
The OMX HELSINKI 25 rating is 4,453.69 EUR. The price registered a decrease of -0.15% on the session and was between 4,419.91 EUR and 4,457.57 EUR. This implies that the price is at +0.76% from its lowest and at -0.09% from its highest.4,419.91
4,457.57
4,453.69
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMX HELSINKI 25 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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 are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,408.78 | 4,420.99 | 4,447.89 | 4,453.69 | 4,463.64 | 4,590.97 | 5,068.23 |
| Change (%) | -1.01% | -0.73% | -0.13% | - | +0.22% | +3.08% | +13.80% |
| Change | -44.91 | -32.70 | -5.80 | - | +9.95 | +137.28 | +614.54 |
| Level | Minor | Major | Minor | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,372.19 | 4,391.54 | 4,425.84 | 4,445.19 | 4,479.49 | 4,498.84 | 4,533.14 |
| Camarilla | 4,445.39 | 4,450.30 | 4,455.22 | 4,460.14 | 4,465.06 | 4,469.98 | 4,474.89 |
| Woodie | 4,379.67 | 4,395.28 | 4,433.32 | 4,448.93 | 4,486.97 | 4,502.58 | 4,540.62 |
| Fibonacci | 4,391.54 | 4,412.03 | 4,424.70 | 4,445.19 | 4,465.68 | 4,478.35 | 4,498.84 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,278.74 | 4,318.45 | 4,353.84 | 4,393.55 | 4,428.94 | 4,468.65 | 4,504.04 |
| Camarilla | 4,368.58 | 4,375.46 | 4,382.35 | 4,389.23 | 4,396.11 | 4,403.00 | 4,409.88 |
| Woodie | 4,276.58 | 4,317.37 | 4,351.68 | 4,392.47 | 4,426.78 | 4,467.57 | 4,501.88 |
| Fibonacci | 4,318.45 | 4,347.14 | 4,364.86 | 4,393.55 | 4,422.24 | 4,439.96 | 4,468.65 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,232.35 | 4,287.19 | 4,338.21 | 4,393.05 | 4,444.07 | 4,498.91 | 4,549.93 |
| Camarilla | 4,360.12 | 4,369.82 | 4,379.53 | 4,389.23 | 4,398.93 | 4,408.64 | 4,418.34 |
| Woodie | 4,230.44 | 4,286.24 | 4,336.30 | 4,392.10 | 4,442.16 | 4,497.96 | 4,548.02 |
| Fibonacci | 4,287.19 | 4,327.63 | 4,352.61 | 4,393.05 | 4,433.49 | 4,458.47 | 4,498.91 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 62.20 | |
| MACD (12,26,9): | 13.3300 | |
| Directional Movement: | 8.32 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 4,454.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,425.57 | |
| Elder Ray (13): | 10.56 | |
| Super Trend (3,10): | 4,425.98 | |
| Zig ZAG (10): | 4,456.51 | |
| VORTEX (21): | 1.2800 | |
| Stochastique (14,3,5): | 83.46 | |
| TEMA (21): | 4,460.41 | |
| Williams %R (14): | -13.70 | |
| Chande Momentum Oscillator (20): | 20.01 | |
| Repulse (5,40,3): | 0.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.92 |
| MA7: | 4,417.35 | |
| MA20: | 4,409.23 | |
| MA50: | 4,431.75 | |
| MA100: | 4,434.85 | |
| MAexp7: | 4,449.72 | |
| MAexp20: | 4,436.81 | |
| MAexp50: | 4,419.74 | |
| MAexp100: | 4,410.93 | |
| Price / MA7: | +0.82% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +0.50% | |
| Price / MA100: | +0.42% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +0.77% | |
| Price / MAexp100: | +0.97% |
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.
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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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