OMX TALLINN_GI - 1H - Technical analysis published on 10/10/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1,821.44 EUR
My targets
1,789.71 EUR (-1.38%)
1,760.32 EUR (-3.00%)
My analysis
OMX TALLINN_GI is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,821.44 EUR. The next support located at 1,789.71 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,760.32 EUR. Below this support, sellers could then target 1,651.57 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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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 price is 1,814.72 EUR. On the day, this instrument lost -0.26% and was between 1,808.66 EUR and 1,817.62 EUR. This implies that the price is at +0.34% from its lowest and at -0.16% from its highest.1,808.66
1,817.62
1,814.72
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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 LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OMX TALLINN_GI in 1H shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,651.57 | 1,760.32 | 1,814.59 | 1,814.72 | 1,821.44 | 1,850.39 | 1,867.60 |
| Change (%) | -8.99% | -3.00% | -0.01% | - | +0.37% | +1.97% | +2.91% |
| Change | -163.15 | -54.40 | -0.13 | - | +6.72 | +35.67 | +52.88 |
| Level | Major | Minor | Major | - | Minor | Major | Intermediate |
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 | 1,800.75 | 1,804.71 | 1,809.71 | 1,813.67 | 1,818.67 | 1,822.63 | 1,827.63 |
| Camarilla | 1,812.26 | 1,813.08 | 1,813.90 | 1,814.72 | 1,815.54 | 1,816.36 | 1,817.18 |
| Woodie | 1,801.28 | 1,804.97 | 1,810.24 | 1,813.93 | 1,819.20 | 1,822.89 | 1,828.16 |
| Fibonacci | 1,804.71 | 1,808.13 | 1,810.24 | 1,813.67 | 1,817.09 | 1,819.20 | 1,822.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,789.71 | 1,810.29 | 1,821.92 | 1,842.50 | 1,854.13 | 1,874.71 | 1,886.34 |
| Camarilla | 1,824.68 | 1,827.64 | 1,830.59 | 1,833.54 | 1,836.49 | 1,839.45 | 1,842.40 |
| Woodie | 1,785.23 | 1,808.05 | 1,817.44 | 1,840.26 | 1,849.65 | 1,872.47 | 1,881.86 |
| Fibonacci | 1,810.29 | 1,822.60 | 1,830.20 | 1,842.50 | 1,854.81 | 1,862.41 | 1,874.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,741.76 | 1,777.56 | 1,816.37 | 1,852.17 | 1,890.98 | 1,926.78 | 1,965.59 |
| Camarilla | 1,834.67 | 1,841.51 | 1,848.35 | 1,855.19 | 1,862.03 | 1,868.87 | 1,875.71 |
| Woodie | 1,743.28 | 1,778.31 | 1,817.89 | 1,852.92 | 1,892.50 | 1,927.53 | 1,967.11 |
| Fibonacci | 1,777.56 | 1,806.06 | 1,823.67 | 1,852.17 | 1,880.67 | 1,898.28 | 1,926.78 |
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): | 26.80 | |
| MACD (12,26,9): | -7.5200 | |
| Directional Movement: | -34.71 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1,813.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,808.84 | |
| Elder Ray (13): | -4.31 | |
| Super Trend (3,10): | 1,823.21 | |
| Zig ZAG (10): | 1,814.72 | |
| VORTEX (21): | 0.6400 | |
| Stochastique (14,3,5): | 25.14 | |
| TEMA (21): | 1,810.37 | |
| Williams %R (14): | -76.30 | |
| Chande Momentum Oscillator (20): | -11.41 | |
| Repulse (5,40,3): | -0.0300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 1.96 |
| MA7: | 1,838.66 | |
| MA20: | 1,835.08 | |
| MA50: | 1,849.71 | |
| MA100: | 1,868.91 | |
| MAexp7: | 1,815.91 | |
| MAexp20: | 1,823.00 | |
| MAexp50: | 1,833.06 | |
| MAexp100: | 1,837.37 | |
| Price / MA7: | -1.30% | |
| Price / MA20: | -1.11% | |
| Price / MA50: | -1.89% | |
| Price / MA100: | -2.90% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -1.00% | |
| Price / MAexp100: | -1.23% |
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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