OMX HELSINKI 25 - Daily - Technical analysis published on 06/26/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
72%
22%
My opinion
Bearish under 4,463.10 EUR
My targets
4,304.26 EUR (-1.53%)
4,045.27 EUR (-7.46%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OMX HELSINKI 25 as long as the price remains well below 4,463.10 EUR. The sellers' bearish objective is set at 4,304.26 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4,045.27 EUR. In case of crossing, the next objective would be the support located at 3,643.89 EUR. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
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
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OMX HELSINKI 25 rating 4,371.30 EUR. The price is lower by -0.01% since the last closing and was between 4,319.55 EUR and 4,372.35 EUR. This implies that the price is at +1.20% from its lowest and at -0.02% from its highest.4,319.55
4,372.35
4,371.30
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a 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 OMX HELSINKI 25 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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:
White hanging man / hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3,643.89 | 4,045.27 | 4,304.26 | 4,371.30 | 4,463.10 | 4,577.61 | 4,817.63 |
| Change (%) | -16.64% | -7.46% | -1.53% | - | +2.10% | +4.72% | +10.21% |
| Change | -727.41 | -326.03 | -67.04 | - | +91.80 | +206.31 | +446.33 |
| Level | Intermediate | Minor | Major | - | Intermediate | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,283.65 | 4,301.60 | 4,336.45 | 4,354.40 | 4,389.25 | 4,407.20 | 4,442.05 |
| Camarilla | 4,356.78 | 4,361.62 | 4,366.46 | 4,371.30 | 4,376.14 | 4,380.98 | 4,385.82 |
| Woodie | 4,292.10 | 4,305.83 | 4,344.90 | 4,358.63 | 4,397.70 | 4,411.43 | 4,450.50 |
| Fibonacci | 4,301.60 | 4,321.77 | 4,334.23 | 4,354.40 | 4,374.57 | 4,387.03 | 4,407.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,986.09 | 4,176.93 | 4,274.37 | 4,465.21 | 4,562.65 | 4,753.49 | 4,850.93 |
| Camarilla | 4,292.53 | 4,318.96 | 4,345.38 | 4,371.81 | 4,398.24 | 4,424.66 | 4,451.09 |
| Woodie | 3,939.39 | 4,153.58 | 4,227.67 | 4,441.86 | 4,515.95 | 4,730.14 | 4,804.23 |
| Fibonacci | 4,176.93 | 4,287.05 | 4,355.09 | 4,465.21 | 4,575.33 | 4,643.37 | 4,753.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,015.10 | 4,237.89 | 4,350.49 | 4,573.28 | 4,685.88 | 4,908.67 | 5,021.27 |
| Camarilla | 4,370.87 | 4,401.61 | 4,432.36 | 4,463.10 | 4,493.84 | 4,524.59 | 4,555.33 |
| Woodie | 3,960.02 | 4,210.34 | 4,295.41 | 4,545.73 | 4,630.80 | 4,881.12 | 4,966.19 |
| Fibonacci | 4,237.89 | 4,366.01 | 4,445.16 | 4,573.28 | 4,701.40 | 4,780.55 | 4,908.67 |
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): | 26.09 | |
| MACD (12,26,9): | -51.3300 | |
| Directional Movement: | -35.66 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 4,500.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,671.64 | |
| Elder Ray (13): | -186.29 | |
| Super Trend (3,10): | 4,513.33 | |
| Zig ZAG (10): | 4,371.30 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 6.05 | |
| TEMA (21): | 4,480.08 | |
| Williams %R (14): | -86.58 | |
| Chande Momentum Oscillator (20): | -247.41 | |
| Repulse (5,40,3): | -1.5300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 2.27 |
| MA7: | 4,521.47 | |
| MA20: | 4,566.56 | |
| MA50: | 4,651.18 | |
| MA100: | 4,769.08 | |
| MAexp7: | 4,482.98 | |
| MAexp20: | 4,560.14 | |
| MAexp50: | 4,636.27 | |
| MAexp100: | 4,708.30 | |
| Price / MA7: | -3.32% | |
| Price / MA20: | -4.28% | |
| Price / MA50: | -6.02% | |
| Price / MA100: | -8.34% | |
| Price / MAexp7: | -2.49% | |
| Price / MAexp20: | -4.14% | |
| Price / MAexp50: | -5.72% | |
| Price / MAexp100: | -7.16% |
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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