STOCKHOLM BENCHMARK_GI

OMXSBGI

- SEK (-)

- 15 min delayed data - NASDAQ EU Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	OMXSBGI
ISIN:

STOCKHOLM BENCHMARK_GI - Daily - Technical analysis published on 08/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 1,653.35 SEK

My targets

1,550.92 SEK (-2.90%)

1,521.72 SEK (-4.72%)

My analysis

In the short term, we can see an acceleration in the bearish trend on STOCKHOLM BENCHMARK_GI, which is a positive signal for sellers. As long as the price remains above 1,653.35 SEK, a sale could be considered. The first bearish objective is located at 1,550.92 SEK. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,521.72 SEK as an objective. Crossing it would then enable sellers to target 1,484.25 SEK. If the price were to return above 1,653.35 SEK, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

5.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

STOCKHOLM BENCHMARK_GI rating 1,597.16 SEK. The price registered a decrease of -0.01% on the session with the lowest point at 1,588.81 SEK and the highest point at 1,600.22 SEK. The deviation from the price is +0.53% for the low point and -0.19% for the high point.

1,588.81

1,600.22

1,597.16

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of STOCKHOLM BENCHMARK_GI in Daily shows an overall bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,484.25	1,521.72	1,550.92	1,597.16	1,608.34	1,653.35	1,700.07
Change (%)	-7.07%	-4.72%	-2.90%	-	+0.70%	+3.52%	+6.44%
Change	-112.91	-75.44	-46.24	-	+11.18	+56.19	+102.91
Level	Intermediate	Major	Minor	-	Intermediate	Minor	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,579.16	1,583.99	1,590.57	1,595.40	1,601.98	1,606.81	1,613.39
Camarilla	1,594.02	1,595.07	1,596.11	1,597.16	1,598.21	1,599.25	1,600.30
Woodie	1,580.05	1,584.43	1,591.46	1,595.84	1,602.87	1,607.25	1,614.28
Fibonacci	1,583.99	1,588.35	1,591.04	1,595.40	1,599.76	1,602.45	1,606.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,569.34	1,587.19	1,601.67	1,619.52	1,634.00	1,651.85	1,666.33
Camarilla	1,607.26	1,610.22	1,613.19	1,616.15	1,619.11	1,622.08	1,625.04
Woodie	1,567.66	1,586.35	1,599.99	1,618.68	1,632.32	1,651.01	1,664.65
Fibonacci	1,587.19	1,599.54	1,607.17	1,619.52	1,631.87	1,639.50	1,651.85

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,551.00	1,580.40	1,615.90	1,645.30	1,680.80	1,710.20	1,745.70
Camarilla	1,633.54	1,639.49	1,645.44	1,651.39	1,657.34	1,663.29	1,669.24
Woodie	1,554.04	1,581.93	1,618.94	1,646.83	1,683.84	1,711.73	1,748.74
Fibonacci	1,580.40	1,605.20	1,620.51	1,645.30	1,670.10	1,685.41	1,710.20

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):	37.67
MACD (12,26,9):	-10.5600
Directional Movement:	-14.92
AROON (14):	-100.00
DEMA (21):	1,610.82
Parabolic SAR (0,02-0,02-0,2):	1,637.03
Elder Ray (13):	-23.39
Super Trend (3,10):	1,647.13
Zig ZAG (10):	1,597.16
VORTEX (21):	0.8300
Stochastique (14,3,5):	12.93
TEMA (21):	1,605.62
Williams %R (14):	-87.61
Chande Momentum Oscillator (20):	-54.23
Repulse (5,40,3):	-0.3100
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	3.90

MA7:	1,612.43
MA20:	1,627.94
MA50:	1,645.43
MA100:	1,642.82
MAexp7:	1,610.56
MAexp20:	1,623.68
MAexp50:	1,635.58
MAexp100:	1,630.26
Price / MA7:	-0.95%
Price / MA20:	-1.89%
Price / MA50:	-2.93%
Price / MA100:	-2.78%
Price / MAexp7:	-0.83%
Price / MAexp20:	-1.63%
Price / MAexp50:	-2.35%
Price / MAexp100:	-2.03%

Quotes : - 15 min delayed data - NASDAQ EU Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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