OMX HELSINKI_PI

OMXHPI

- EUR (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXHPI
ISIN:

OMX HELSINKI_PI - 1H - Technical analysis published on 07/21/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Slightly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 9,894.51 EUR

My targets

9,985.13 EUR (+0.54%)

10,028.00 EUR (+0.97%)

My analysis

The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade OMX HELSINKI_PI with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 9,894.51 EUR. The buyers' bullish objective is set at 9,985.13 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10,028.00 EUR. If there is any crossing, the next objective would be the resistance located at 10,085.00 EUR. If there is a bearish break in the support located at 9,894.51 EUR some indecision would arise.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.1

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

OMX HELSINKI_PI rating 9,931.70 EUR. On the day, this instrument lost -0.01% with the lowest point at 9,891.93 EUR and the highest point at 9,964.94 EUR. The deviation from the price is +0.40% for the low point and -0.33% for the high point.

9,891.93

9,964.94

9,931.70

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of OMX HELSINKI_PI indicates that the overall trend is slightly bullish. 50.00% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9,790.80	9,819.36	9,894.51	9,931.70	9,938.45	9,985.13	10,028.00
Change (%)	-1.42%	-1.13%	-0.37%	-	+0.07%	+0.54%	+0.97%
Change	-140.90	-112.34	-37.19	-	+6.75	+53.43	+96.30
Level	Intermediate	Major	Minor	-	Minor	Intermediate	Minor

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	9,818.82	9,856.22	9,894.65	9,932.05	9,970.48	10,007.88	10,046.31
Camarilla	9,912.24	9,919.19	9,926.14	9,933.09	9,940.04	9,946.99	9,953.94
Woodie	9,819.35	9,856.48	9,895.18	9,932.31	9,971.01	10,008.14	10,046.84
Fibonacci	9,856.22	9,885.18	9,903.08	9,932.05	9,961.01	9,978.91	10,007.88

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,488.85	9,639.69	9,783.66	9,934.50	10,078.47	10,229.31	10,373.28
Camarilla	9,846.57	9,873.59	9,900.62	9,927.64	9,954.66	9,981.69	10,008.71
Woodie	9,485.43	9,637.97	9,780.24	9,932.78	10,075.05	10,227.59	10,369.86
Fibonacci	9,639.69	9,752.30	9,821.88	9,934.50	10,047.11	10,116.69	10,229.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,778.77	9,246.01	9,600.77	10,068.01	10,422.77	10,890.01	11,244.77
Camarilla	9,729.48	9,804.83	9,880.18	9,955.53	10,030.88	10,106.23	10,181.58
Woodie	8,722.53	9,217.89	9,544.53	10,039.89	10,366.53	10,861.89	11,188.53
Fibonacci	9,246.01	9,560.01	9,754.01	10,068.01	10,382.01	10,576.01	10,890.01

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):	52.38
MACD (12,26,9):	-2.0800
Directional Movement:	-7.30
AROON (14):	0
DEMA (21):	9,926.67
Parabolic SAR (0,02-0,02-0,2):	9,949.08
Elder Ray (13):	7.59
Super Trend (3,10):	9,901.07
Zig ZAG (10):	9,935.56
VORTEX (21):	0.9600
Stochastique (14,3,5):	55.15
TEMA (21):	9,925.15
Williams %R (14):	-36.50
Chande Momentum Oscillator (20):	26.71
Repulse (5,40,3):	0.1900
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	0.33

MA7:	9,946.21
MA20:	9,927.17
MA50:	10,138.36
MA100:	10,458.58
MAexp7:	9,927.09
MAexp20:	9,928.97
MAexp50:	9,930.00
MAexp100:	9,941.65
Price / MA7:	-0.15%
Price / MA20:	+0.05%
Price / MA50:	-2.04%
Price / MA100:	-5.04%
Price / MAexp7:	+0.05%
Price / MAexp20:	+0.03%
Price / MAexp50:	+0.02%
Price / MAexp100:	-0.10%

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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