OMX OSLO 20 PI - Daily - Technical analysis published on 09/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 723.96 NOK
My targets
693.19 NOK (-2.37%)
680.59 NOK (-4.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OMX OSLO 20 PI as long as the price remains well below 723.96 NOK. The sellers' bearish objective is set at 693.19 NOK. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 680.59 NOK. In case of crossing, the next objective would be the support located at 666.76 NOK.
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
5.2
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 OSLO 20 PI price is 710.00 NOK. The price registered a decrease of -0.04% on the session and was between 708.30 NOK and 717.18 NOK. This implies that the price is at +0.24% from its lowest and at -1.00% from its highest.708.30
717.18
710.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of OMX OSLO 20 PI in Daily shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 680.59 | 693.19 | 708.58 | 710.00 | 723.96 | 735.35 | 766.19 |
| Change (%) | -4.14% | -2.37% | -0.20% | - | +1.97% | +3.57% | +7.91% |
| Change | -29.41 | -16.81 | -1.42 | - | +13.96 | +25.35 | +56.19 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | 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 | 686.75 | 693.39 | 701.85 | 708.49 | 716.95 | 723.59 | 732.05 |
| Camarilla | 706.16 | 707.54 | 708.93 | 710.31 | 711.69 | 713.08 | 714.46 |
| Woodie | 687.66 | 693.85 | 702.76 | 708.95 | 717.86 | 724.05 | 732.96 |
| Fibonacci | 693.39 | 699.16 | 702.72 | 708.49 | 714.26 | 717.82 | 723.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 637.66 | 664.62 | 687.47 | 714.43 | 737.28 | 764.24 | 787.09 |
| Camarilla | 696.61 | 701.18 | 705.74 | 710.31 | 714.88 | 719.44 | 724.01 |
| Woodie | 635.60 | 663.59 | 685.41 | 713.40 | 735.22 | 763.21 | 785.03 |
| Fibonacci | 664.62 | 683.65 | 695.41 | 714.43 | 733.46 | 745.22 | 764.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 668.98 | 694.03 | 716.31 | 741.36 | 763.64 | 788.69 | 810.97 |
| Camarilla | 725.58 | 729.92 | 734.26 | 738.60 | 742.94 | 747.28 | 751.62 |
| Woodie | 667.61 | 693.34 | 714.94 | 740.67 | 762.27 | 788.00 | 809.60 |
| Fibonacci | 694.03 | 712.11 | 723.28 | 741.36 | 759.44 | 770.61 | 788.69 |
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): | 41.64 | |
| MACD (12,26,9): | -6.2000 | |
| Directional Movement: | -11.96 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 721.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 727.23 | |
| Elder Ray (13): | -9.24 | |
| Super Trend (3,10): | 738.19 | |
| Zig ZAG (10): | 710.47 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 19.74 | |
| TEMA (21): | 711.12 | |
| Williams %R (14): | -74.64 | |
| Chande Momentum Oscillator (20): | -50.81 | |
| Repulse (5,40,3): | -1.1700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 9.68 |
| MA7: | 713.46 | |
| MA20: | 735.60 | |
| MA50: | 722.74 | |
| MA100: | 723.46 | |
| MAexp7: | 714.00 | |
| MAexp20: | 726.11 | |
| MAexp50: | 726.41 | |
| MAexp100: | 723.16 | |
| Price / MA7: | -0.48% | |
| Price / MA20: | -3.48% | |
| Price / MA50: | -1.76% | |
| Price / MA100: | -1.86% | |
| Price / MAexp7: | -0.56% | |
| Price / MAexp20: | -2.22% | |
| Price / MAexp50: | -2.26% | |
| Price / MAexp100: | -1.82% |
Quotes :
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15 min delayed data
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NASDAQ EU Indices
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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