OMX OSLO 20 PI

OMXO20PI

- NOK (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXO20PI
ISIN:

OMX OSLO 20 PI - Daily - Technical analysis published on 03/08/2023 (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

56%

39%

My opinion

Bullish above 692.82 NOK

My targets

737.51 NOK (+4.49%)

750.97 NOK (+6.40%)

My analysis

The bullish trend is currently very strong on OMX OSLO 20 PI. As long as the price remains above the support at 692.82 NOK, you could try to benefit from the boom. The first bullish objective is located at 737.51 NOK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 750.97 NOK as an objective. Crossing it would then enable buyers to target 766.19 NOK. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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 OSLO 20 PI rating 705.81 NOK. The price is lower by -0.03% since the last closing with the lowest point at 700.69 NOK and the highest point at 707.36 NOK. The deviation from the price is +0.73% for the low point and -0.22% for the high point.

700.69

707.36

705.81

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:

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

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 OSLO 20 PI chart shows a strongly bullish trend. 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.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	654.55	680.18	692.82	705.81	709.70	737.51	750.97
Change (%)	-7.26%	-3.63%	-1.84%	-	+0.55%	+4.49%	+6.40%
Change	-51.26	-25.63	-12.99	-	+3.89	+31.70	+45.16
Level	Intermediate	Major	Major	-	Major	Minor	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	690.84	697.87	701.96	708.99	713.08	720.11	724.20
Camarilla	702.99	704.01	705.03	706.05	707.07	708.09	709.11
Woodie	689.37	697.14	700.49	708.26	711.61	719.38	722.73
Fibonacci	697.87	702.12	704.74	708.99	713.24	715.86	720.11

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	685.31	691.51	701.68	707.88	718.05	724.25	734.42
Camarilla	707.36	708.86	710.36	711.86	713.36	714.86	716.36
Woodie	687.31	692.50	703.68	708.87	720.05	725.24	736.42
Fibonacci	691.51	697.76	701.62	707.88	714.13	717.99	724.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	650.89	664.21	683.61	696.93	716.33	729.65	749.05
Camarilla	694.02	697.02	700.02	703.02	706.02	709.02	712.02
Woodie	653.94	665.73	686.66	698.45	719.38	731.17	752.10
Fibonacci	664.21	676.71	684.43	696.93	709.43	717.15	729.65

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.83
MACD (12,26,9):	4.8600
Directional Movement:	4.05
AROON (14):	64.29
DEMA (21):	707.71
Parabolic SAR (0,02-0,02-0,2):	695.35
Elder Ray (13):	0.02
Super Trend (3,10):	688.67
Zig ZAG (10):	705.37
VORTEX (21):	1.0800
Stochastique (14,3,5):	72.28
TEMA (21):	709.96
Williams %R (14):	-36.32
Chande Momentum Oscillator (20):	6.11
Repulse (5,40,3):	-0.0500
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	2.08

MA7:	707.45
MA20:	702.23
MA50:	690.34
MA100:	689.54
MAexp7:	706.54
MAexp20:	701.28
MAexp50:	694.93
MAexp100:	693.92
Price / MA7:	-0.23%
Price / MA20:	+0.51%
Price / MA50:	+2.24%
Price / MA100:	+2.36%
Price / MAexp7:	-0.10%
Price / MAexp20:	+0.65%
Price / MAexp50:	+1.57%
Price / MAexp100:	+1.71%

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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