OMX TALLINN_GI

OMXTGI

- EUR (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXTGI
ISIN:

OMX TALLINN_GI - 1H - Technical analysis published on 01/03/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 1,785.51 EUR

My targets

1,815.82 EUR (+1.11%)

1,849.50 EUR (+2.99%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on OMX TALLINN_GI as long as the price remains well above 1,785.51 EUR. The buyers' bullish objective is set at 1,815.82 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,849.50 EUR. If there is any crossing, the next objective would be the resistance located at 1,881.34 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 TALLINN_GI rating is 1,795.81 EUR. The price registered an increase of +1.52% on the session and was between 1,769.75 EUR and 1,798.39 EUR. This implies that the price is at +1.47% from its lowest and at -0.14% from its highest.

1,769.75

1,798.39

1,795.81

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of OMX TALLINN_GI in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Doji

Type : Neutral

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,770.20	1,778.55	1,785.51	1,795.81	1,849.50	1,881.34	1,921.79
Change (%)	-1.43%	-0.96%	-0.57%	-	+2.99%	+4.76%	+7.02%
Change	-25.61	-17.26	-10.30	-	+53.69	+85.53	+125.98
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,748.94	1,759.34	1,777.58	1,787.98	1,806.22	1,816.62	1,834.86
Camarilla	1,787.93	1,790.56	1,793.19	1,795.81	1,798.44	1,801.06	1,803.69
Woodie	1,752.85	1,761.30	1,781.49	1,789.94	1,810.13	1,818.58	1,838.77
Fibonacci	1,759.34	1,770.28	1,777.04	1,787.98	1,798.92	1,805.68	1,816.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,747.79	1,752.67	1,760.62	1,765.50	1,773.45	1,778.33	1,786.28
Camarilla	1,765.03	1,766.21	1,767.38	1,768.56	1,769.74	1,770.91	1,772.09
Woodie	1,749.32	1,753.44	1,762.15	1,766.27	1,774.98	1,779.10	1,787.81
Fibonacci	1,752.67	1,757.57	1,760.60	1,765.50	1,770.40	1,773.43	1,778.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,690.93	1,714.56	1,741.56	1,765.19	1,792.19	1,815.82	1,842.82
Camarilla	1,754.64	1,759.28	1,763.92	1,768.56	1,773.20	1,777.84	1,782.48
Woodie	1,692.62	1,715.40	1,743.25	1,766.03	1,793.88	1,816.66	1,844.51
Fibonacci	1,714.56	1,733.90	1,745.85	1,765.19	1,784.53	1,796.48	1,815.82

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):	80.95
MACD (12,26,9):	7.3500
Directional Movement:	43.59
AROON (14):	50.00
DEMA (21):	1,787.31
Parabolic SAR (0,02-0,02-0,2):	1,776.01
Elder Ray (13):	12.64
Super Trend (3,10):	1,783.02
Zig ZAG (10):	1,795.81
VORTEX (21):	1.3500
Stochastique (14,3,5):	93.23
TEMA (21):	1,792.86
Williams %R (14):	-8.10
Chande Momentum Oscillator (20):	26.30
Repulse (5,40,3):	0.5900
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	2.20

MA7:	1,768.75
MA20:	1,764.73
MA50:	1,771.56
MA100:	1,805.95
MAexp7:	1,789.19
MAexp20:	1,778.97
MAexp50:	1,772.15
MAexp100:	1,768.92
Price / MA7:	+1.53%
Price / MA20:	+1.76%
Price / MA50:	+1.37%
Price / MA100:	-0.56%
Price / MAexp7:	+0.37%
Price / MAexp20:	+0.95%
Price / MAexp50:	+1.34%
Price / MAexp100:	+1.52%

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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