ICELAND ALL-SHARE PI

OMXIPI

- ISK (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXIPI
ISIN:

ICELAND ALL-SHARE PI - Daily - Technical analysis published on 04/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 2,309.69 ISK

My targets

2,429.03 ISK (+2.49%)

2,471.13 ISK (+4.27%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ICELAND ALL-SHARE PI as long as the price remains well above 2,309.69 ISK. The buyers' bullish objective is set at 2,429.03 ISK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,471.13 ISK. If there is any crossing, the next objective would be the resistance located at 2,654.84 ISK.

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

6.4

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ICELAND ALL-SHARE PI rating is 2,369.92 ISK. The price has increased by +2.72% since the last closing with the lowest point at 2,307.13 ISK and the highest point at 2,385.75 ISK. The deviation from the price is +2.72% for the low point and -0.66% for the high point.

2,307.13

2,385.75

2,369.92

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this ICELAND ALL-SHARE PI chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently 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

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,248.27	2,309.69	2,358.62	2,369.92	2,429.03	2,471.13	2,654.84
Change (%)	-5.13%	-2.54%	-0.48%	-	+2.49%	+4.27%	+12.02%
Change	-121.65	-60.23	-11.30	-	+59.11	+101.21	+284.92
Level	Minor	Intermediate	Minor	-	Intermediate	Intermediate	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	2,281.03	2,290.74	2,298.93	2,308.64	2,316.83	2,326.54	2,334.73
Camarilla	2,302.21	2,303.85	2,305.49	2,307.13	2,308.77	2,310.41	2,312.05
Woodie	2,280.28	2,290.36	2,298.18	2,308.26	2,316.08	2,326.16	2,333.98
Fibonacci	2,290.74	2,297.57	2,301.80	2,308.64	2,315.47	2,319.70	2,326.54

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,265.99	2,277.23	2,288.97	2,300.21	2,311.95	2,323.19	2,334.93
Camarilla	2,294.40	2,296.51	2,298.61	2,300.72	2,302.83	2,304.93	2,307.04
Woodie	2,266.25	2,277.36	2,289.23	2,300.34	2,312.21	2,323.32	2,335.19
Fibonacci	2,277.23	2,286.01	2,291.43	2,300.21	2,308.99	2,314.41	2,323.19

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,043.08	2,137.90	2,220.61	2,315.43	2,398.14	2,492.96	2,575.67
Camarilla	2,254.51	2,270.78	2,287.06	2,303.33	2,319.60	2,335.88	2,352.15
Woodie	2,037.04	2,134.87	2,214.57	2,312.40	2,392.10	2,489.93	2,569.63
Fibonacci	2,137.90	2,205.71	2,247.61	2,315.43	2,383.24	2,425.14	2,492.96

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):	62.67
MACD (12,26,9):	-4.7100
Directional Movement:	14.01
AROON (14):	50.00
DEMA (21):	2,297.99
Parabolic SAR (0,02-0,02-0,2):	2,242.43
Elder Ray (13):	39.37
Super Trend (3,10):	2,248.92
Zig ZAG (10):	2,372.22
VORTEX (21):	0.9700
Stochastique (14,3,5):	85.51
TEMA (21):	2,300.21
Williams %R (14):	-10.86
Chande Momentum Oscillator (20):	86.33
Repulse (5,40,3):	3.3400
ROCnROLL:	1
TRIX (15,9):	-0.1100
Courbe Coppock:	1.25

MA7:	2,310.99
MA20:	2,292.17
MA50:	2,342.52
MA100:	2,296.46
MAexp7:	2,315.11
MAexp20:	2,308.98
MAexp50:	2,316.71
MAexp100:	2,309.13
Price / MA7:	+2.55%
Price / MA20:	+3.39%
Price / MA50:	+1.17%
Price / MA100:	+3.20%
Price / MAexp7:	+2.37%
Price / MAexp20:	+2.64%
Price / MAexp50:	+2.30%
Price / MAexp100:	+2.63%

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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