OMX NORDIC 40 - 1H - Technical analysis published on 08/24/2022 (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:
Bearish
Underlying:
Strongly bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 2,165.42 EUR
My targets
2,106.18 EUR (-0.58%)
2,033.57 EUR (-4.01%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on OMX NORDIC 40 as long as the price remains well below 2,165.42 EUR. The next bearish objective for sellers is set at 2,106.18 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,033.57 EUR. If there is any crossing, the next objective would be the support located at 1,992.57 EUR. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The OMX NORDIC 40 rating is 2,118.52 EUR. The price is lower by -0.03% since the last closing and was traded between 2,100.74 EUR and 2,120.72 EUR over the period. The price is currently at +0.85% from its lowest and -0.10% from its highest.2,100.74
2,120.72
2,118.52
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
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:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMX NORDIC 40 chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish 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, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,033.57 | 2,106.18 | 2,115.47 | 2,118.52 | 2,165.42 | 2,185.97 | 2,210.25 |
| Change (%) | -4.01% | -0.58% | -0.14% | - | +2.21% | +3.18% | +4.33% |
| Change | -84.95 | -12.34 | -3.05 | - | +46.90 | +67.45 | +91.73 |
| Level | Minor | Minor | Intermediate | - | Major | Minor | Minor |
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 | 2,094.88 | 2,104.07 | 2,111.55 | 2,120.74 | 2,128.22 | 2,137.41 | 2,144.89 |
| Camarilla | 2,114.46 | 2,115.98 | 2,117.51 | 2,119.04 | 2,120.57 | 2,122.10 | 2,123.62 |
| Woodie | 2,094.04 | 2,103.64 | 2,110.71 | 2,120.31 | 2,127.38 | 2,136.98 | 2,144.05 |
| Fibonacci | 2,104.07 | 2,110.44 | 2,114.37 | 2,120.74 | 2,127.11 | 2,131.04 | 2,137.41 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,091.91 | 2,114.34 | 2,128.65 | 2,151.08 | 2,165.39 | 2,187.82 | 2,202.13 |
| Camarilla | 2,132.87 | 2,136.23 | 2,139.60 | 2,142.97 | 2,146.34 | 2,149.71 | 2,153.07 |
| Woodie | 2,087.86 | 2,112.31 | 2,124.60 | 2,149.05 | 2,161.34 | 2,185.79 | 2,198.08 |
| Fibonacci | 2,114.34 | 2,128.37 | 2,137.04 | 2,151.08 | 2,165.11 | 2,173.78 | 2,187.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,787.43 | 1,871.96 | 2,038.70 | 2,123.23 | 2,289.97 | 2,374.50 | 2,541.24 |
| Camarilla | 2,136.34 | 2,159.37 | 2,182.41 | 2,205.44 | 2,228.47 | 2,251.51 | 2,274.54 |
| Woodie | 1,828.54 | 1,892.51 | 2,079.81 | 2,143.78 | 2,331.08 | 2,395.05 | 2,582.35 |
| Fibonacci | 1,871.96 | 1,967.95 | 2,027.25 | 2,123.23 | 2,219.22 | 2,278.52 | 2,374.50 |
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): | 42.90 | |
| MACD (12,26,9): | -7.0200 | |
| Directional Movement: | -16.20 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 2,113.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,123.76 | |
| Elder Ray (13): | -1.08 | |
| Super Trend (3,10): | 2,136.28 | |
| Zig ZAG (10): | 2,117.91 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 40.46 | |
| TEMA (21): | 2,112.94 | |
| Williams %R (14): | -42.50 | |
| Chande Momentum Oscillator (20): | -7.76 | |
| Repulse (5,40,3): | 0.4200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.78 |
| MA7: | 2,137.99 | |
| MA20: | 2,154.51 | |
| MA50: | 2,086.36 | |
| MA100: | 2,108.40 | |
| MAexp7: | 2,117.06 | |
| MAexp20: | 2,123.08 | |
| MAexp50: | 2,135.28 | |
| MAexp100: | 2,142.96 | |
| Price / MA7: | -0.91% | |
| Price / MA20: | -1.67% | |
| Price / MA50: | +1.54% | |
| Price / MA100: | +0.48% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -1.14% |
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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