OMX HELSINKI 25 - 1H - Technical analysis published on 08/19/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 4,801.75 EUR
My targets
4,914.30 EUR (+1.15%)
4,952.10 EUR (+1.92%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on OMX HELSINKI 25 as long as the price remains well above 4,801.75 EUR. The buyers' bullish objective is set at 4,914.30 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4,952.10 EUR. If there is any crossing, the next objective would be the resistance located at 5,126.62 EUR. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
5.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
OMX HELSINKI 25 rating 4,858.58 EUR. The price registered a decrease of -0.05% on the session with the lowest point at 4,837.07 EUR and the highest point at 4,870.28 EUR. The deviation from the price is +0.44% for the low point and -0.24% for the high point.4,837.07
4,870.28
4,858.58
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMX HELSINKI 25 chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4,730.61 | 4,801.75 | 4,853.48 | 4,858.58 | 4,914.30 | 4,952.10 | 5,126.62 |
| Change (%) | -2.63% | -1.17% | -0.10% | - | +1.15% | +1.92% | +5.52% |
| Change | -127.97 | -56.83 | -5.10 | - | +55.72 | +93.52 | +268.04 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Major | 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 | 4,771.82 | 4,791.54 | 4,826.36 | 4,846.08 | 4,880.90 | 4,900.62 | 4,935.44 |
| Camarilla | 4,846.17 | 4,851.17 | 4,856.17 | 4,861.17 | 4,866.17 | 4,871.17 | 4,876.17 |
| Woodie | 4,779.36 | 4,795.32 | 4,833.90 | 4,849.86 | 4,888.44 | 4,904.40 | 4,942.98 |
| Fibonacci | 4,791.54 | 4,812.38 | 4,825.25 | 4,846.08 | 4,866.92 | 4,879.79 | 4,900.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,633.08 | 4,691.76 | 4,779.95 | 4,838.63 | 4,926.82 | 4,985.50 | 5,073.69 |
| Camarilla | 4,827.76 | 4,841.22 | 4,854.69 | 4,868.15 | 4,881.61 | 4,895.08 | 4,908.54 |
| Woodie | 4,647.85 | 4,699.14 | 4,794.72 | 4,846.01 | 4,941.59 | 4,992.88 | 5,088.46 |
| Fibonacci | 4,691.76 | 4,747.86 | 4,782.52 | 4,838.63 | 4,894.73 | 4,929.39 | 4,985.50 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4,186.68 | 4,308.46 | 4,552.00 | 4,673.78 | 4,917.32 | 5,039.10 | 5,282.64 |
| Camarilla | 4,695.09 | 4,728.58 | 4,762.06 | 4,795.55 | 4,829.04 | 4,862.53 | 4,896.01 |
| Woodie | 4,247.57 | 4,338.90 | 4,612.89 | 4,704.22 | 4,978.21 | 5,069.54 | 5,343.53 |
| Fibonacci | 4,308.46 | 4,448.01 | 4,534.22 | 4,673.78 | 4,813.33 | 4,899.54 | 5,039.10 |
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): | 53.47 | |
| MACD (12,26,9): | -1.8800 | |
| Directional Movement: | -6.64 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 4,854.54 | |
| Parabolic SAR (0,02-0,02-0,2): | 4,841.05 | |
| Elder Ray (13): | 4.91 | |
| Super Trend (3,10): | 4,819.61 | |
| Zig ZAG (10): | 4,867.02 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 77.57 | |
| TEMA (21): | 4,853.55 | |
| Williams %R (14): | -9.94 | |
| Chande Momentum Oscillator (20): | 23.88 | |
| Repulse (5,40,3): | 0.3600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 0.61 |
| MA7: | 4,863.50 | |
| MA20: | 4,791.91 | |
| MA50: | 4,669.94 | |
| MA100: | 4,757.96 | |
| MAexp7: | 4,857.90 | |
| MAexp20: | 4,858.14 | |
| MAexp50: | 4,857.25 | |
| MAexp100: | 4,834.15 | |
| Price / MA7: | -0.10% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +4.04% | |
| Price / MA100: | +2.11% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.03% | |
| Price / MAexp100: | +0.51% |
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.
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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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