OMX STOCKHOLM 30

OMXS30

- SEK (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXS30
ISIN:

OMX STOCKHOLM 30 - Daily - Technical analysis published on 06/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 2,221.06 SEK

My targets

2,396.22 SEK (+4.12%)

2,456.17 SEK (+6.72%)

My analysis

The bullish trend is currently very strong on OMX STOCKHOLM 30. As long as the price remains above the support at 2,221.06 SEK, you could try to benefit from the boom. The first bullish objective is located at 2,396.22 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,456.17 SEK 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 STOCKHOLM 30 rating is 2,301.41 SEK. The price registered a decrease of -0.03% on the session with the lowest point at 2,295.17 SEK and the highest point at 2,315.54 SEK. The deviation from the price is +0.27% for the low point and -0.61% for the high point.

2,295.17

2,315.54

2,301.41

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead 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 STOCKHOLM 30:

The Central Records scanner for higher/lower results shows the following items:

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 OMX STOCKHOLM 30 in Daily shows a strongly overall 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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 these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,087.81	2,221.06	2,291.45	2,301.41	2,456.17
Change (%)	-9.28%	-3.49%	-0.43%	-	+6.72%
Change	-213.60	-80.35	-9.96	-	+154.76
Level	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	2,277.35	2,285.13	2,293.56	2,301.34	2,309.77	2,317.55	2,325.98
Camarilla	2,297.52	2,299.01	2,300.49	2,301.98	2,303.47	2,304.95	2,306.44
Woodie	2,277.67	2,285.29	2,293.88	2,301.50	2,310.09	2,317.71	2,326.30
Fibonacci	2,285.13	2,291.33	2,295.15	2,301.34	2,307.54	2,311.36	2,317.55

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,266.90	2,277.85	2,289.91	2,300.86	2,312.92	2,323.87	2,335.93
Camarilla	2,295.65	2,297.76	2,299.87	2,301.98	2,304.09	2,306.20	2,308.31
Woodie	2,267.47	2,278.13	2,290.48	2,301.14	2,313.49	2,324.15	2,336.50
Fibonacci	2,277.85	2,286.64	2,292.07	2,300.86	2,309.65	2,315.08	2,323.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,078.82	2,134.27	2,184.62	2,240.07	2,290.42	2,345.87	2,396.22
Camarilla	2,205.87	2,215.56	2,225.26	2,234.96	2,244.66	2,254.36	2,264.06
Woodie	2,076.26	2,133.00	2,182.06	2,238.80	2,287.86	2,344.60	2,393.66
Fibonacci	2,134.27	2,174.69	2,199.66	2,240.07	2,280.49	2,305.46	2,345.87

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):	60.00
MACD (12,26,9):	17.1500
Directional Movement:	9.31
AROON (14):	78.57
DEMA (21):	2,292.03
Parabolic SAR (0,02-0,02-0,2):	2,231.26
Elder Ray (13):	25.24
Super Trend (3,10):	2,230.60
Zig ZAG (10):	2,299.84
VORTEX (21):	1.0800
Stochastique (14,3,5):	87.92
TEMA (21):	2,298.79
Williams %R (14):	-15.95
Chande Momentum Oscillator (20):	70.64
Repulse (5,40,3):	-0.5300
ROCnROLL:	1
TRIX (15,9):	0.0800
Courbe Coppock:	3.35

MA7:	2,292.66
MA20:	2,266.99
MA50:	2,242.00
MA100:	2,224.01
MAexp7:	2,291.66
MAexp20:	2,270.91
MAexp50:	2,245.31
MAexp100:	2,209.65
Price / MA7:	+0.38%
Price / MA20:	+1.52%
Price / MA50:	+2.65%
Price / MA100:	+3.48%
Price / MAexp7:	+0.43%
Price / MAexp20:	+1.34%
Price / MAexp50:	+2.50%
Price / MAexp100:	+4.15%

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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