OMX TALLINN_GI - Daily - Technical analysis published on 03/16/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
11%
61%
28%
My opinion
Bullish above 1,813.91 EUR
My targets
1,901.75 EUR (+1.94%)
1,952.80 EUR (+4.68%)
My analysis
With a bullish background trend, the price of OMX TALLINN_GI is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 1,813.91 EUR. A bullish break in the resistance located at 1,901.75 EUR would boost the bullish momentum and fuel the basic trend. Then the price could move towards 1,952.80 EUR. Then 2,141.55 EUR by extension. It would be safer to wait for a bullish break in the resistance located at 1,901.75 EUR before allowing yourself to re trade long positions (at purchase) on OMX TALLINN_GI. PS: if there is a bearish break in the support located at 1,813.91 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
0
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMX TALLINN_GI rating is 1,865.54 EUR. The price registered a decrease of -0.07% on the session and was between 1,861.80 EUR and 1,869.02 EUR. This implies that the price is at +0.20% from its lowest and at -0.19% from its highest.1,861.80
1,869.02
1,865.54
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of OMX TALLINN_GI indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend could slow down given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,651.57 | 1,734.65 | 1,813.91 | 1,865.54 | 1,866.52 | 1,901.75 | 2,141.55 |
| Change (%) | -11.47% | -7.02% | -2.77% | - | +0.05% | +1.94% | +14.80% |
| Change | -213.97 | -130.89 | -51.63 | - | +0.98 | +36.21 | +276.01 |
| Level | Major | Intermediate | Minor | - | Major | Major | 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 | 1,820.44 | 1,840.61 | 1,853.69 | 1,873.86 | 1,886.94 | 1,907.11 | 1,920.19 |
| Camarilla | 1,857.64 | 1,860.68 | 1,863.73 | 1,866.78 | 1,869.83 | 1,872.88 | 1,875.92 |
| Woodie | 1,816.91 | 1,838.84 | 1,850.16 | 1,872.09 | 1,883.41 | 1,905.34 | 1,916.66 |
| Fibonacci | 1,840.61 | 1,853.31 | 1,861.16 | 1,873.86 | 1,886.56 | 1,894.41 | 1,907.11 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,865.41 | 1,879.63 | 1,889.52 | 1,903.74 | 1,913.63 | 1,927.85 | 1,937.74 |
| Camarilla | 1,892.78 | 1,894.99 | 1,897.20 | 1,899.41 | 1,901.62 | 1,903.83 | 1,906.04 |
| Woodie | 1,863.25 | 1,878.55 | 1,887.36 | 1,902.66 | 1,911.47 | 1,926.77 | 1,935.58 |
| Fibonacci | 1,879.63 | 1,888.84 | 1,894.53 | 1,903.74 | 1,912.95 | 1,918.64 | 1,927.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,819.30 | 1,839.12 | 1,863.80 | 1,883.62 | 1,908.30 | 1,928.12 | 1,952.80 |
| Camarilla | 1,876.23 | 1,880.31 | 1,884.39 | 1,888.47 | 1,892.55 | 1,896.63 | 1,900.71 |
| Woodie | 1,821.72 | 1,840.34 | 1,866.22 | 1,884.84 | 1,910.72 | 1,929.34 | 1,955.22 |
| Fibonacci | 1,839.12 | 1,856.12 | 1,866.62 | 1,883.62 | 1,900.62 | 1,911.12 | 1,928.12 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.64 | |
| MACD (12,26,9): | 2.1000 | |
| Directional Movement: | -9.49 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 1,889.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,913.61 | |
| Elder Ray (13): | -18.16 | |
| Super Trend (3,10): | 1,912.66 | |
| Zig ZAG (10): | 1,865.54 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 37.17 | |
| TEMA (21): | 1,878.55 | |
| Williams %R (14): | -70.78 | |
| Chande Momentum Oscillator (20): | -22.93 | |
| Repulse (5,40,3): | -1.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 0.38 |
| MA7: | 1,883.50 | |
| MA20: | 1,886.44 | |
| MA50: | 1,868.72 | |
| MA100: | 1,808.71 | |
| MAexp7: | 1,878.45 | |
| MAexp20: | 1,883.58 | |
| MAexp50: | 1,862.75 | |
| MAexp100: | 1,832.59 | |
| Price / MA7: | -0.95% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | -0.17% | |
| Price / MA100: | +3.14% | |
| Price / MAexp7: | -0.69% | |
| Price / MAexp20: | -0.96% | |
| Price / MAexp50: | +0.15% | |
| Price / MAexp100: | +1.80% |
Quotes :
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15 min delayed data
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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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