OMX RIGA_GI - 1H - Technical analysis published on 12/23/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
39%
28%
33%
My opinion
Bearish under 1,152.15 EUR
My targets
1,135.22 EUR (-1.05%)
1,116.98 EUR (-2.64%)
My analysis
The strong short-term decrease of OMX RIGA_GI should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1,152.15 EUR, a sale could be considered. The first bearish objective is located at 1,135.22 EUR. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1,116.98 EUR. If there is any crossing, the next objective would be support 1,095.60 EUR. Caution, if there is a return to above 1,152.15 EUR, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
1.4
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Additional analysis
Quotes
The OMX RIGA_GI rating is 1,147.26 EUR. The price registered an increase of +1.58% on the session and was between 1,147.03 EUR and 1,147.82 EUR. This implies that the price is at +0.02% from its lowest and at -0.05% from its highest.1,147.03
1,147.82
1,147.26
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
A technical analysis in 1H of this OMX RIGA_GI chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,095.60 | 1,116.98 | 1,135.22 | 1,147.26 | 1,152.15 | 1,158.26 | 1,176.75 |
| Change (%) | -4.50% | -2.64% | -1.05% | - | +0.43% | +0.96% | +2.57% |
| Change | -51.66 | -30.28 | -12.04 | - | +4.89 | +11.00 | +29.49 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,085.42 | 1,107.42 | 1,118.42 | 1,140.42 | 1,151.42 | 1,173.42 | 1,184.42 |
| Camarilla | 1,120.35 | 1,123.37 | 1,126.40 | 1,129.42 | 1,132.45 | 1,135.47 | 1,138.50 |
| Woodie | 1,079.92 | 1,104.67 | 1,112.92 | 1,137.67 | 1,145.92 | 1,170.67 | 1,178.92 |
| Fibonacci | 1,107.42 | 1,120.03 | 1,127.81 | 1,140.42 | 1,153.03 | 1,160.81 | 1,173.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,092.08 | 1,112.10 | 1,136.70 | 1,156.72 | 1,181.32 | 1,201.34 | 1,225.94 |
| Camarilla | 1,149.02 | 1,153.11 | 1,157.20 | 1,161.29 | 1,165.38 | 1,169.47 | 1,173.56 |
| Woodie | 1,094.36 | 1,113.25 | 1,138.98 | 1,157.87 | 1,183.60 | 1,202.49 | 1,228.22 |
| Fibonacci | 1,112.10 | 1,129.15 | 1,139.68 | 1,156.72 | 1,173.77 | 1,184.30 | 1,201.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,029.40 | 1,046.65 | 1,080.93 | 1,098.18 | 1,132.46 | 1,149.71 | 1,183.99 |
| Camarilla | 1,101.04 | 1,105.76 | 1,110.49 | 1,115.21 | 1,119.93 | 1,124.66 | 1,129.38 |
| Woodie | 1,037.92 | 1,050.91 | 1,089.45 | 1,102.44 | 1,140.98 | 1,153.97 | 1,192.51 |
| Fibonacci | 1,046.65 | 1,066.33 | 1,078.50 | 1,098.18 | 1,117.86 | 1,130.03 | 1,149.71 |
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): | 47.79 | |
| MACD (12,26,9): | -5.0800 | |
| Directional Movement: | -18.19 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1,142.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,159.22 | |
| Elder Ray (13): | 2.26 | |
| Super Trend (3,10): | 1,128.17 | |
| Zig ZAG (10): | 1,147.59 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 18.35 | |
| TEMA (21): | 1,137.96 | |
| Williams %R (14): | -44.94 | |
| Chande Momentum Oscillator (20): | -11.69 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 2.65 |
| MA7: | 1,151.59 | |
| MA20: | 1,137.03 | |
| MA50: | 1,108.21 | |
| MA100: | 1,107.83 | |
| MAexp7: | 1,141.17 | |
| MAexp20: | 1,148.45 | |
| MAexp50: | 1,150.81 | |
| MAexp100: | 1,144.57 | |
| Price / MA7: | -0.38% | |
| Price / MA20: | +0.90% | |
| Price / MA50: | +3.52% | |
| Price / MA100: | +3.56% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | -0.10% | |
| Price / MAexp50: | -0.31% | |
| Price / MAexp100: | +0.24% |
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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