OMX COPENHAGEN 20

- DKK (-)

- 15 min delayed data - NASDAQ EU Indices

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Indices
Ticker:	OMXC20
ISIN:

OMX COPENHAGEN 20 - Daily - Technical analysis published on 04/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

89%

11%

My opinion

Bullish above 2,075.07 DKK

My targets

2,136.41 DKK (+1.17%)

2,250.71 DKK (+6.58%)

My analysis

The bullish trend is currently very strong on OMX COPENHAGEN 20. As long as the price remains above the support at 2,075.07 DKK, you could try to benefit from the boom. The first bullish objective is located at 2,136.41 DKK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,250.71 DKK as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.9

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

The OMX COPENHAGEN 20 rating is 2,111.68 DKK. The price has increased by +1.27% since the last closing and was traded between 2,090.97 DKK and 2,119.58 DKK over the period. The price is currently at +0.99% from its lowest and -0.37% from its highest.

2,090.97

2,119.58

2,111.68

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

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by OMX COPENHAGEN 20:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of OMX COPENHAGEN 20 indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

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

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

Upside gap

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	1,817.96	1,900.17	1,952.47	2,111.68
Change (%)	-13.91%	-10.02%	-7.54%	-
Change	-293.72	-211.51	-159.21	-
Level	Major	Major	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	2,066.63	2,078.80	2,095.24	2,107.41	2,123.85	2,136.02	2,152.46
Camarilla	2,103.81	2,106.44	2,109.06	2,111.68	2,114.30	2,116.93	2,119.55
Woodie	2,068.77	2,079.87	2,097.38	2,108.48	2,125.99	2,137.09	2,154.60
Fibonacci	2,078.80	2,089.73	2,096.48	2,107.41	2,118.34	2,125.09	2,136.02

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,902.57	1,940.88	2,013.06	2,051.37	2,123.55	2,161.86	2,234.04
Camarilla	2,054.87	2,064.99	2,075.12	2,085.25	2,095.38	2,105.51	2,115.64
Woodie	1,919.52	1,949.35	2,030.01	2,059.84	2,140.50	2,170.33	2,250.99
Fibonacci	1,940.88	1,983.08	2,009.16	2,051.37	2,093.57	2,119.65	2,161.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,723.79	1,785.13	1,899.43	1,960.77	2,075.07	2,136.41	2,250.71
Camarilla	1,965.42	1,981.52	1,997.62	2,013.72	2,029.82	2,045.92	2,062.02
Woodie	1,750.26	1,798.37	1,925.90	1,974.01	2,101.54	2,149.65	2,277.18
Fibonacci	1,785.13	1,852.23	1,893.68	1,960.77	2,027.87	2,069.32	2,136.41

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):	78.09
MACD (12,26,9):	39.0800
Directional Movement:	26.00
AROON (14):	100.00
DEMA (21):	2,045.00
Parabolic SAR (0,02-0,02-0,2):	2,014.03
Elder Ray (13):	84.61
Super Trend (3,10):	2,006.90
Zig ZAG (10):	2,111.68
VORTEX (21):	1.2500
Stochastique (14,3,5):	90.90
TEMA (21):	2,066.77
Williams %R (14):	-4.12
Chande Momentum Oscillator (20):	135.34
Repulse (5,40,3):	2.6400
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	12.23

MA7:	2,035.50
MA20:	1,979.85
MA50:	1,943.86
MA100:	1,886.97
MAexp7:	2,049.76
MAexp20:	1,998.99
MAexp50:	1,947.27
MAexp100:	1,888.15
Price / MA7:	+3.74%
Price / MA20:	+6.66%
Price / MA50:	+8.63%
Price / MA100:	+11.91%
Price / MAexp7:	+3.02%
Price / MAexp20:	+5.64%
Price / MAexp50:	+8.44%
Price / MAexp100:	+11.84%

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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