ICELAND ALL-SHARE PI

OMXIPI

- ISK (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXIPI
ISIN:

ICELAND ALL-SHARE PI - Daily - Technical analysis published on 09/23/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

67%

22%

My opinion

Bearish under 2,317.41 ISK

My targets

2,164.38 ISK (-1.23%)

2,001.32 ISK (-8.67%)

My analysis

ICELAND ALL-SHARE PI 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 2,317.41 ISK. The next support located at 2,164.38 ISK 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 2,001.32 ISK. Below this support, sellers could then target 1,584.76 ISK. 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, 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

7.5

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

The ICELAND ALL-SHARE PI rating is 2,191.23 ISK. The price is lower by -0.09% since the last closing and was between 2,178.49 ISK and 2,195.11 ISK. This implies that the price is at +0.58% from its lowest and at -0.18% from its highest.

2,178.49

2,195.11

2,191.23

Here is a more detailed summary of the historical variations registered by ICELAND ALL-SHARE PI:

The Central Records scanner for higher/lower results shows the following items:

New LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of ICELAND ALL-SHARE PI indicates that the overall trend is strongly bearish. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA20 & AMA50

Type : Bearish

Timeframe : Daily

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

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 3

Type : Neutral

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,400.90	1,584.76	2,001.32	2,191.23	2,206.40	2,317.41	2,471.72
Change (%)	-36.07%	-27.68%	-8.67%	-	+0.69%	+5.76%	+12.80%
Change	-790.33	-606.47	-189.91	-	+15.17	+126.18	+280.49
Level	Intermediate	Intermediate	Minor	-	Major	Minor	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,101.28	2,147.26	2,170.26	2,216.24	2,239.24	2,285.22	2,308.22
Camarilla	2,174.28	2,180.60	2,186.93	2,193.25	2,199.57	2,205.90	2,212.22
Woodie	2,089.78	2,141.52	2,158.76	2,210.50	2,227.74	2,279.48	2,296.72
Fibonacci	2,147.26	2,173.61	2,189.89	2,216.24	2,242.59	2,258.87	2,285.22

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,203.73	2,272.97	2,307.60	2,376.84	2,411.47	2,480.71	2,515.34
Camarilla	2,313.66	2,323.18	2,332.70	2,342.22	2,351.74	2,361.26	2,370.78
Woodie	2,186.42	2,264.32	2,290.29	2,368.19	2,394.16	2,472.06	2,498.03
Fibonacci	2,272.97	2,312.65	2,337.17	2,376.84	2,416.52	2,441.04	2,480.71

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,164.38	2,256.27	2,304.09	2,395.98	2,443.80	2,535.69	2,583.51
Camarilla	2,313.48	2,326.29	2,339.09	2,351.90	2,364.71	2,377.51	2,390.32
Woodie	2,142.34	2,245.25	2,282.05	2,384.96	2,421.76	2,524.67	2,561.47
Fibonacci	2,256.27	2,309.64	2,342.61	2,395.98	2,449.35	2,482.32	2,535.69

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):	25.46
MACD (12,26,9):	-42.2000
Directional Movement:	-37.84
AROON (14):	-64.29
DEMA (21):	2,291.93
Parabolic SAR (0,02-0,02-0,2):	2,398.57
Elder Ray (13):	-124.68
Super Trend (3,10):	2,299.04
Zig ZAG (10):	2,191.14
VORTEX (21):	0.6900
Stochastique (14,3,5):	4.43
TEMA (21):	2,252.18
Williams %R (14):	-95.27
Chande Momentum Oscillator (20):	-210.46
Repulse (5,40,3):	-4.1800
ROCnROLL:	2
TRIX (15,9):	-0.1100
Courbe Coppock:	7.22

MA7:	2,286.15
MA20:	2,349.55
MA50:	2,388.33
MA100:	2,358.15
MAexp7:	2,268.70
MAexp20:	2,336.44
MAexp50:	2,367.58
MAexp100:	2,390.82
Price / MA7:	-4.15%
Price / MA20:	-6.74%
Price / MA50:	-8.25%
Price / MA100:	-7.08%
Price / MAexp7:	-3.41%
Price / MAexp20:	-6.22%
Price / MAexp50:	-7.45%
Price / MAexp100:	-8.35%

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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