OMX HELSINKI_PI - 1H - Technical analysis published on 08/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 9,611.25 EUR
My targets
9,377.42 EUR (-1.75%)
8,866.90 EUR (-7.10%)
My analysis
OMX HELSINKI_PI is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 9,611.25 EUR. The next support located at 9,377.42 EUR is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 8,866.90 EUR. Below this support, sellers could then target 6,833.00 EUR. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.7
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This analysis was given by Londinia.
Additional analysis
Quotes
The OMX HELSINKI_PI rating is 9,544.78 EUR. The price is lower by -0.02% since the last closing with the lowest point at 9,500.01 EUR and the highest point at 9,582.90 EUR. The deviation from the price is +0.47% for the low point and -0.40% for the high point.9,500.01
9,582.90
9,544.78
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by OMX HELSINKI_PI:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of OMX HELSINKI_PI indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being 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, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6,833.00 | 8,866.90 | 9,533.84 | 9,544.78 | 9,611.25 | 9,706.62 | 9,756.93 |
| Change (%) | -28.41% | -7.10% | -0.11% | - | +0.70% | +1.70% | +2.22% |
| Change | -2,711.78 | -677.88 | -10.94 | - | +66.47 | +161.84 | +212.15 |
| Level | Major | Minor | Intermediate | - | 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 | 9,467.79 | 9,500.82 | 9,523.66 | 9,556.69 | 9,579.53 | 9,612.56 | 9,635.40 |
| Camarilla | 9,531.15 | 9,536.27 | 9,541.39 | 9,546.51 | 9,551.63 | 9,556.75 | 9,561.87 |
| Woodie | 9,462.71 | 9,498.27 | 9,518.58 | 9,554.14 | 9,574.45 | 9,610.01 | 9,630.32 |
| Fibonacci | 9,500.82 | 9,522.16 | 9,535.34 | 9,556.69 | 9,578.03 | 9,591.21 | 9,612.56 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,377.42 | 9,491.31 | 9,593.48 | 9,707.37 | 9,809.54 | 9,923.43 | 10,025.60 |
| Camarilla | 9,636.24 | 9,656.05 | 9,675.86 | 9,695.66 | 9,715.47 | 9,735.27 | 9,755.08 |
| Woodie | 9,371.57 | 9,488.38 | 9,587.63 | 9,704.44 | 9,803.69 | 9,920.50 | 10,019.75 |
| Fibonacci | 9,491.31 | 9,573.84 | 9,624.83 | 9,707.37 | 9,789.90 | 9,840.89 | 9,923.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,442.41 | 9,616.47 | 9,745.31 | 9,919.37 | 10,048.21 | 10,222.27 | 10,351.11 |
| Camarilla | 9,790.86 | 9,818.63 | 9,846.39 | 9,874.16 | 9,901.93 | 9,929.69 | 9,957.46 |
| Woodie | 9,419.81 | 9,605.17 | 9,722.71 | 9,908.07 | 10,025.61 | 10,210.97 | 10,328.51 |
| Fibonacci | 9,616.47 | 9,732.17 | 9,803.66 | 9,919.37 | 10,035.07 | 10,106.56 | 10,222.27 |
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): | 40.92 | |
| MACD (12,26,9): | -21.3800 | |
| Directional Movement: | -21.99 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 9,540.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 9,506.45 | |
| Elder Ray (13): | -13.20 | |
| Super Trend (3,10): | 9,581.37 | |
| Zig ZAG (10): | 9,557.28 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 63.56 | |
| TEMA (21): | 9,544.82 | |
| Williams %R (14): | -30.94 | |
| Chande Momentum Oscillator (20): | -7.42 | |
| Repulse (5,40,3): | 0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.41 |
| MA7: | 9,646.82 | |
| MA20: | 9,760.60 | |
| MA50: | 9,940.97 | |
| MA100: | 10,227.46 | |
| MAexp7: | 9,556.66 | |
| MAexp20: | 9,571.15 | |
| MAexp50: | 9,617.05 | |
| MAexp100: | 9,670.27 | |
| Price / MA7: | -1.06% | |
| Price / MA20: | -2.21% | |
| Price / MA50: | -3.99% | |
| Price / MA100: | -6.67% | |
| Price / MAexp7: | -0.12% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.75% | |
| Price / MAexp100: | -1.30% |
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.
About author
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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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