OMX HELSINKI_PI

OMXHPI

- EUR (-)

- 15 min delayed data - NASDAQ EU Indices

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Change:	-
Volume:	-

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Type:	Indices
Ticker:	OMXHPI
ISIN:

OMX HELSINKI_PI - Daily - Technical analysis published on 06/16/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 10,567.60 EUR

My targets

9,972.88 EUR (-4.62%)

9,756.93 EUR (-6.69%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 10,567.60 EUR remains possible. It is advisable to trade OMX HELSINKI_PI with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 10,567.60 EUR. The next bearish objective for sellers is set at 9,972.88 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 9,756.93 EUR. In case of crossing, the next objective would be the support located at 9,370.58 EUR. PS: if there is a bullish break in the resistance located at 10,567.60 EUR we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.7

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.

Additional analysis

Quotes

The OMX HELSINKI_PI rating is 10,455.96 EUR. The price is lower by -0.02% since the last closing and was traded between 10,434.06 EUR and 10,496.27 EUR over the period. The price is currently at +0.21% from its lowest and -0.38% from its highest.

10,434.06

10,496.27

10,455.96

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

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

Technical analysis of this Daily chart of OMX HELSINKI_PI indicates that the overall trend is bearish. 71.43% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : Daily

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	9,756.93	9,972.88	10,353.00	10,455.96	10,567.60	10,736.90	11,085.50
Change (%)	-6.69%	-4.62%	-0.98%	-	+1.07%	+2.69%	+6.02%
Change	-699.03	-483.08	-102.96	-	+111.64	+280.94	+629.54
Level	Minor	Minor	Major	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,306.77	10,347.19	10,402.48	10,442.90	10,498.19	10,538.61	10,593.90
Camarilla	10,431.44	10,440.21	10,448.99	10,457.76	10,466.53	10,475.31	10,484.08
Woodie	10,314.20	10,350.91	10,409.91	10,446.62	10,505.62	10,542.33	10,601.33
Fibonacci	10,347.19	10,383.76	10,406.34	10,442.90	10,479.47	10,502.05	10,538.61

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,156.59	10,196.68	10,270.10	10,310.19	10,383.61	10,423.70	10,497.12
Camarilla	10,312.32	10,322.72	10,333.13	10,343.53	10,353.94	10,364.34	10,374.75
Woodie	10,173.27	10,205.01	10,286.78	10,318.52	10,400.29	10,432.03	10,513.80
Fibonacci	10,196.68	10,240.04	10,266.83	10,310.19	10,353.55	10,380.34	10,423.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8,958.03	9,463.94	9,718.41	10,224.32	10,478.79	10,984.70	11,239.17
Camarilla	9,763.78	9,833.48	9,903.18	9,972.88	10,042.58	10,112.28	10,181.99
Woodie	8,832.31	9,401.08	9,592.69	10,161.46	10,353.07	10,921.84	11,113.45
Fibonacci	9,463.94	9,754.41	9,933.86	10,224.32	10,514.79	10,694.24	10,984.70

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):	54.32
MACD (12,26,9):	-2.9600
Directional Movement:	6.11
AROON (14):	71.42
DEMA (21):	10,328.19
Parabolic SAR (0,02-0,02-0,2):	10,250.18
Elder Ray (13):	97.92
Super Trend (3,10):	10,193.58
Zig ZAG (10):	10,442.51
VORTEX (21):	0.9800
Stochastique (14,3,5):	87.66
TEMA (21):	10,410.54
Williams %R (14):	-15.88
Chande Momentum Oscillator (20):	472.59
Repulse (5,40,3):	0.0500
ROCnROLL:	-1
TRIX (15,9):	-0.0800
Courbe Coppock:	5.05

MA7:	10,415.43
MA20:	10,268.14
MA50:	10,495.66
MA100:	10,768.79
MAexp7:	10,413.77
MAexp20:	10,360.48
MAexp50:	10,473.49
MAexp100:	10,621.54
Price / MA7:	+0.39%
Price / MA20:	+1.83%
Price / MA50:	-0.38%
Price / MA100:	-2.90%
Price / MAexp7:	+0.41%
Price / MAexp20:	+0.92%
Price / MAexp50:	-0.17%
Price / MAexp100:	-1.56%

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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