OMX HELSINKI_PI

OMXHPI

- EUR (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXHPI
ISIN:

OMX HELSINKI_PI - Daily - Technical analysis published on 01/03/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 10,727.80 EUR

My targets

11,186.70 EUR (+1.62%)

11,510.30 EUR (+4.56%)

My analysis

A bullish trend on OMX HELSINKI_PI both in substance and in the short term. A purchase could be considered as long as the price remains above 10,727.80 EUR. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 11,186.70 EUR. Then the price could move towards 11,510.30 EUR. Then 12,258.20 EUR by extension. Be careful, a return below 10,727.80 EUR would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

6.1

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.

Additional analysis

Quotes

The OMX HELSINKI_PI rating is 11,008.71 EUR. The price is lower by -0.01% since the last closing and was between 11,008.71 EUR and 11,113.86 EUR. This implies that the price is at 0% from its lowest and at -0.95% from its highest.

11,008.71

11,113.86

11,008.71

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of OMX HELSINKI_PI indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative 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, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,368.40	10,727.80	10,984.30	11,008.71	11,186.70	11,510.30	12,258.20
Change (%)	-5.82%	-2.55%	-0.22%	-	+1.62%	+4.56%	+11.35%
Change	-640.31	-280.91	-24.41	-	+177.99	+501.59	+1,249.49
Level	Intermediate	Major	Intermediate	-	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	10,817.65	10,857.81	10,933.75	10,973.91	11,049.85	11,090.01	11,165.95
Camarilla	10,977.77	10,988.42	10,999.06	11,009.70	11,020.34	11,030.99	11,041.63
Woodie	10,835.55	10,866.76	10,951.65	10,982.86	11,067.75	11,098.96	11,183.85
Fibonacci	10,857.81	10,902.16	10,929.56	10,973.91	11,018.26	11,045.66	11,090.01

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,533.70	10,670.74	10,739.26	10,876.30	10,944.82	11,081.86	11,150.38
Camarilla	10,751.25	10,770.09	10,788.94	10,807.78	10,826.62	10,845.47	10,864.31
Woodie	10,499.44	10,653.61	10,705.00	10,859.17	10,910.56	11,064.73	11,116.12
Fibonacci	10,670.74	10,749.26	10,797.78	10,876.30	10,954.82	11,003.34	11,081.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	9,915.59	10,304.52	10,556.15	10,945.08	11,196.71	11,585.64	11,837.27
Camarilla	10,631.63	10,690.34	10,749.06	10,807.78	10,866.50	10,925.22	10,983.93
Woodie	9,846.94	10,270.20	10,487.50	10,910.76	11,128.06	11,551.32	11,768.62
Fibonacci	10,304.52	10,549.21	10,700.39	10,945.08	11,189.77	11,340.95	11,585.64

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):	55.85
MACD (12,26,9):	16.9200
Directional Movement:	7.86
AROON (14):	-21.43
DEMA (21):	10,969.19
Parabolic SAR (0,02-0,02-0,2):	10,693.45
Elder Ray (13):	121.60
Super Trend (3,10):	11,256.51
Zig ZAG (10):	11,036.22
VORTEX (21):	0.8600
Stochastique (14,3,5):	53.80
TEMA (21):	10,911.66
Williams %R (14):	-19.81
Chande Momentum Oscillator (20):	164.19
Repulse (5,40,3):	0.1500
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	1.93

MA7:	10,925.13
MA20:	10,962.09
MA50:	10,854.02
MA100:	10,630.88
MAexp7:	10,944.65
MAexp20:	10,936.48
MAexp50:	10,838.59
MAexp100:	10,769.15
Price / MA7:	+0.77%
Price / MA20:	+0.43%
Price / MA50:	+1.43%
Price / MA100:	+3.55%
Price / MAexp7:	+0.59%
Price / MAexp20:	+0.66%
Price / MAexp50:	+1.57%
Price / MAexp100:	+2.22%

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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