OMX HELSINKI CAP_PI - 1H - Technical analysis published on 03/16/2023 (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 bearish
Underlying:
Strongly bearish
Technical indicators
33%
50%
17%
My opinion
Bearish under 7,637.11 EUR
My targets
7,490.99 EUR (-0.48%)
7,281.81 EUR (-3.26%)
My analysis
The bearish trend is currently very strong for OMX HELSINKI CAP_PI. As long as the price remains below the resistance at 7,637.11 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 7,490.99 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 7,281.81 EUR as an objective. Crossing it would then enable sellers to target 6,879.75 EUR. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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Additional analysis
Quotes
The OMX HELSINKI CAP_PI price is 7,527.48 EUR. The price registered a decrease of -0.05% on the session with the lowest point at 7,458.52 EUR and the highest point at 7,631.20 EUR. The deviation from the price is +0.92% for the low point and -1.36% for the high point.7,458.52
7,631.20
7,527.48
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMX HELSINKI CAP_PI chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,879.75 | 7,281.81 | 7,490.99 | 7,527.48 | 7,637.11 | 7,809.90 | 7,897.06 |
| Change (%) | -8.60% | -3.26% | -0.48% | - | +1.46% | +3.75% | +4.91% |
| Change | -647.73 | -245.67 | -36.49 | - | +109.63 | +282.42 | +369.58 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Major |
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 | 7,209.52 | 7,370.54 | 7,451.06 | 7,612.08 | 7,692.60 | 7,853.62 | 7,934.14 |
| Camarilla | 7,465.15 | 7,487.29 | 7,509.43 | 7,531.57 | 7,553.71 | 7,575.85 | 7,597.99 |
| Woodie | 7,169.26 | 7,350.42 | 7,410.80 | 7,591.96 | 7,652.34 | 7,833.50 | 7,893.88 |
| Fibonacci | 7,370.54 | 7,462.81 | 7,519.82 | 7,612.08 | 7,704.35 | 7,761.36 | 7,853.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,401.92 | 7,610.06 | 7,730.02 | 7,938.16 | 8,058.12 | 8,266.26 | 8,386.22 |
| Camarilla | 7,759.74 | 7,789.82 | 7,819.89 | 7,849.97 | 7,880.05 | 7,910.12 | 7,940.20 |
| Woodie | 7,357.82 | 7,588.02 | 7,685.92 | 7,916.12 | 8,014.02 | 8,244.22 | 8,342.12 |
| Fibonacci | 7,610.06 | 7,735.40 | 7,812.83 | 7,938.16 | 8,063.50 | 8,140.93 | 8,266.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,735.11 | 7,837.91 | 7,955.80 | 8,058.60 | 8,176.49 | 8,279.29 | 8,397.18 |
| Camarilla | 8,013.00 | 8,033.23 | 8,053.46 | 8,073.69 | 8,093.92 | 8,114.15 | 8,134.38 |
| Woodie | 7,742.66 | 7,841.68 | 7,963.35 | 8,062.37 | 8,184.04 | 8,283.06 | 8,404.73 |
| Fibonacci | 7,837.91 | 7,922.21 | 7,974.30 | 8,058.60 | 8,142.90 | 8,194.99 | 8,279.29 |
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): | 30.97 | |
| MACD (12,26,9): | -65.2300 | |
| Directional Movement: | -25.12 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 7,503.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 7,637.14 | |
| Elder Ray (13): | -43.94 | |
| Super Trend (3,10): | 7,634.37 | |
| Zig ZAG (10): | 7,481.31 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 13.29 | |
| TEMA (21): | 7,494.75 | |
| Williams %R (14): | -85.41 | |
| Chande Momentum Oscillator (20): | -92.13 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 4.23 |
| MA7: | 7,764.48 | |
| MA20: | 7,955.70 | |
| MA50: | 8,005.22 | |
| MA100: | 7,859.19 | |
| MAexp7: | 7,527.86 | |
| MAexp20: | 7,591.94 | |
| MAexp50: | 7,711.60 | |
| MAexp100: | 7,828.61 | |
| Price / MA7: | -3.05% | |
| Price / MA20: | -5.38% | |
| Price / MA50: | -5.97% | |
| Price / MA100: | -4.22% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.85% | |
| Price / MAexp50: | -2.39% | |
| Price / MAexp100: | -3.85% |
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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