OMX RIGA_GI - 1H - Technical analysis published on 08/08/2022 (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:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 1,116.14 EUR
My targets
1,139.08 EUR (+0.36%)
1,143.98 EUR (+0.79%)
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 RIGA_GI as long as the price remains well above 1,116.14 EUR. The buyers' bullish objective is set at 1,139.08 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,143.98 EUR. If there is any crossing, the next objective would be the resistance located at 1,154.02 EUR.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.3
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This analysis was given by Londinia.
Additional analysis
Quotes
The OMX RIGA_GI rating is 1,134.98 EUR. The price registered a decrease of -0.01% on the session and was traded between 1,134.98 EUR and 1,142.26 EUR over the period. The price is currently at 0% from its lowest and -0.64% from its highest.1,134.98
1,142.26
1,134.98
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of OMX RIGA_GI indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 | 1,109.13 | 1,116.14 | 1,132.53 | 1,134.98 | 1,139.08 | 1,143.98 | 1,154.02 |
| Change (%) | -2.28% | -1.66% | -0.22% | - | +0.36% | +0.79% | +1.68% |
| Change | -25.85 | -18.84 | -2.45 | - | +4.10 | +9.00 | +19.04 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 1,122.02 | 1,126.22 | 1,130.66 | 1,134.86 | 1,139.30 | 1,143.50 | 1,147.94 |
| Camarilla | 1,132.71 | 1,133.51 | 1,134.30 | 1,135.09 | 1,135.88 | 1,136.67 | 1,137.47 |
| Woodie | 1,122.13 | 1,126.28 | 1,130.77 | 1,134.92 | 1,139.41 | 1,143.56 | 1,148.05 |
| Fibonacci | 1,126.22 | 1,129.52 | 1,131.56 | 1,134.86 | 1,138.16 | 1,140.20 | 1,143.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,098.12 | 1,107.10 | 1,121.10 | 1,130.08 | 1,144.08 | 1,153.06 | 1,167.06 |
| Camarilla | 1,128.77 | 1,130.88 | 1,132.98 | 1,135.09 | 1,137.20 | 1,139.30 | 1,141.41 |
| Woodie | 1,100.62 | 1,108.36 | 1,123.60 | 1,131.34 | 1,146.58 | 1,154.32 | 1,169.56 |
| Fibonacci | 1,107.10 | 1,115.88 | 1,121.31 | 1,130.08 | 1,138.86 | 1,144.29 | 1,153.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,061.71 | 1,085.42 | 1,112.45 | 1,136.16 | 1,163.19 | 1,186.90 | 1,213.93 |
| Camarilla | 1,125.53 | 1,130.18 | 1,134.83 | 1,139.48 | 1,144.13 | 1,148.78 | 1,153.43 |
| Woodie | 1,063.37 | 1,086.25 | 1,114.11 | 1,136.99 | 1,164.85 | 1,187.73 | 1,215.59 |
| Fibonacci | 1,085.42 | 1,104.80 | 1,116.78 | 1,136.16 | 1,155.54 | 1,167.52 | 1,186.90 |
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): | 51.51 | |
| MACD (12,26,9): | 1.9200 | |
| Directional Movement: | 6.29 | |
| AROON (14): | 42.85 | |
| DEMA (21): | 1,136.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,133.71 | |
| Elder Ray (13): | 1.73 | |
| Super Trend (3,10): | 1,130.94 | |
| Zig ZAG (10): | 1,134.98 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 66.94 | |
| TEMA (21): | 1,138.99 | |
| Williams %R (14): | -61.52 | |
| Chande Momentum Oscillator (20): | 2.70 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.08 |
| MA7: | 1,132.40 | |
| MA20: | 1,133.87 | |
| MA50: | 1,122.68 | |
| MA100: | 1,097.17 | |
| MAexp7: | 1,137.03 | |
| MAexp20: | 1,134.70 | |
| MAexp50: | 1,133.74 | |
| MAexp100: | 1,133.91 | |
| Price / MA7: | +0.23% | |
| Price / MA20: | +0.10% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | +3.45% | |
| Price / MAexp7: | -0.18% | |
| Price / MAexp20: | +0.02% | |
| Price / MAexp50: | +0.11% | |
| Price / MAexp100: | +0.09% |
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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