OMX COPENHAGEN_PI - Daily - Technical analysis published on 10/11/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 1,233.26 DKK
My targets
1,171.09 DKK (-2.57%)
1,133.24 DKK (-5.72%)
My analysis
OMX COPENHAGEN_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 1,233.26 DKK. The next support located at 1,171.09 DKK 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 1,133.24 DKK. Below this support, sellers could then target 1,035.01 DKK. 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 not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The OMX COPENHAGEN_PI price is 1,201.95 DKK. On the day, this instrument lost -0.03% and was traded between 1,191.32 DKK and 1,203.57 DKK over the period. The price is currently at +0.89% from its lowest and -0.13% from its highest.1,191.32
1,203.57
1,201.95
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 (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this OMX COPENHAGEN_PI chart shows a sharp bearish trend. 92.86% 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 scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,035.01 | 1,133.24 | 1,171.09 | 1,201.95 | 1,233.26 | 1,274.34 | 1,347.21 |
| Change (%) | -13.89% | -5.72% | -2.57% | - | +2.60% | +6.02% | +12.09% |
| Change | -166.94 | -68.71 | -30.86 | - | +31.31 | +72.39 | +145.26 |
| Level | Intermediate | Intermediate | Major | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,160.62 | 1,174.97 | 1,188.63 | 1,202.98 | 1,216.64 | 1,230.99 | 1,244.65 |
| Camarilla | 1,194.60 | 1,197.17 | 1,199.73 | 1,202.30 | 1,204.87 | 1,207.44 | 1,210.00 |
| Woodie | 1,160.29 | 1,174.80 | 1,188.30 | 1,202.81 | 1,216.31 | 1,230.82 | 1,244.32 |
| Fibonacci | 1,174.97 | 1,185.67 | 1,192.28 | 1,202.98 | 1,213.68 | 1,220.29 | 1,230.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,099.81 | 1,132.41 | 1,168.63 | 1,201.23 | 1,237.45 | 1,270.05 | 1,306.27 |
| Camarilla | 1,185.94 | 1,192.24 | 1,198.55 | 1,204.86 | 1,211.17 | 1,217.48 | 1,223.79 |
| Woodie | 1,101.63 | 1,133.32 | 1,170.45 | 1,202.14 | 1,239.27 | 1,270.96 | 1,308.09 |
| Fibonacci | 1,132.41 | 1,158.70 | 1,174.94 | 1,201.23 | 1,227.52 | 1,243.76 | 1,270.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 947.81 | 1,058.06 | 1,120.14 | 1,230.39 | 1,292.47 | 1,402.72 | 1,464.80 |
| Camarilla | 1,134.83 | 1,150.63 | 1,166.42 | 1,182.22 | 1,198.02 | 1,213.81 | 1,229.61 |
| Woodie | 923.73 | 1,046.02 | 1,096.06 | 1,218.35 | 1,268.39 | 1,390.68 | 1,440.72 |
| Fibonacci | 1,058.06 | 1,123.89 | 1,164.56 | 1,230.39 | 1,296.22 | 1,336.89 | 1,402.72 |
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): | 39.53 | |
| MACD (12,26,9): | -24.7500 | |
| Directional Movement: | -14.61 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1,188.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,178.80 | |
| Elder Ray (13): | -14.29 | |
| Super Trend (3,10): | 1,250.42 | |
| Zig ZAG (10): | 1,201.24 | |
| VORTEX (21): | 0.7200 | |
| Stochastique (14,3,5): | 52.44 | |
| TEMA (21): | 1,187.92 | |
| Williams %R (14): | -47.38 | |
| Chande Momentum Oscillator (20): | 9.53 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3600 | |
| Courbe Coppock: | 4.86 |
| MA7: | 1,211.13 | |
| MA20: | 1,215.04 | |
| MA50: | 1,292.14 | |
| MA100: | 1,309.48 | |
| MAexp7: | 1,206.14 | |
| MAexp20: | 1,223.87 | |
| MAexp50: | 1,267.85 | |
| MAexp100: | 1,301.02 | |
| Price / MA7: | -0.76% | |
| Price / MA20: | -1.08% | |
| Price / MA50: | -6.98% | |
| Price / MA100: | -8.21% | |
| Price / MAexp7: | -0.35% | |
| Price / MAexp20: | -1.79% | |
| Price / MAexp50: | -5.20% | |
| Price / MAexp100: | -7.61% |
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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