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OMX OSLO 20 GI
OMXO20GI
- NOK (-)
- 15 min delayed data - NASDAQ EU Indices
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: OMXO20GI
ISIN:

OMX OSLO 20 GI - Daily - Technical analysis published on 08/09/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1,167.91 NOK
My targets
1,221.83 NOK (+3.28%)
My analysis
The bullish trend is currently very strong on OMX OSLO 20 GI. As long as the price remains above the support at 1,167.91 NOK, you could try to benefit from the boom. The first bullish objective is located at 1,221.83 NOK. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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
0
10
8.4

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The OMX OSLO 20 GI price is 1,183.08 NOK. The price registered an increase of +2.80% on the session and was traded between 1,156.56 NOK and 1,184.22 NOK over the period. The price is currently at +2.29% from its lowest and -0.10% from its highest.

1,156.56
1,184.22
1,183.08

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this Daily chart of OMX OSLO 20 GI indicates that the overall trend is strongly bullish. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : Daily


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

White morning star

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 1,127.63 1,154.41 1,167.91 1,183.08 1,221.83
Change (%) -4.69% -2.42% -1.28% - +3.28%
Change -55.45 -28.67 -15.17 - +38.75
Level Intermediate Major 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
Standard1,130.471,136.901,143.901,150.331,157.331,163.761,170.76
Camarilla1,147.211,148.441,149.671,150.901,152.131,153.361,154.59
Woodie1,130.761,137.041,144.191,150.471,157.621,163.901,171.05
Fibonacci1,136.901,142.031,145.201,150.331,155.461,158.631,163.76


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,118.201,129.291,147.101,158.191,176.001,187.091,204.90
Camarilla1,156.971,159.621,162.271,164.921,167.571,170.221,172.87
Woodie1,121.571,130.971,150.471,159.871,179.371,188.771,208.27
Fibonacci1,129.291,140.331,147.151,158.191,169.231,176.051,187.09


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,059.451,082.281,123.611,146.441,187.771,210.601,251.93
Camarilla1,147.301,153.181,159.061,164.941,170.821,176.701,182.58
Woodie1,068.701,086.911,132.861,151.071,197.021,215.231,261.18
Fibonacci1,082.281,106.791,121.931,146.441,170.951,186.091,210.60

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): 63.57
MACD (12,26,9): 9.9100
Directional Movement: 9.16
AROON (14): 100.00
DEMA (21): 1,164.90
Parabolic SAR (0,02-0,02-0,2): 1,140.37
Elder Ray (13): 12.73
Super Trend (3,10): 1,125.09
Zig ZAG (10): 1,183.08
VORTEX (21): 1.1100
Stochastique (14,3,5): 75.93
TEMA (21): 1,169.32
Williams %R (14): -2.60
Chande Momentum Oscillator (20): 21.97
Repulse (5,40,3): 2.8600
ROCnROLL: 1
TRIX (15,9): 0.1200
Courbe Coppock: 4.57
MA7: 1,161.03
MA20: 1,150.11
MA50: 1,135.51
MA100: 1,121.24
MAexp7: 1,162.89
MAexp20: 1,152.32
MAexp50: 1,138.93
MAexp100: 1,130.19
Price / MA7: +1.90%
Price / MA20: +2.87%
Price / MA50: +4.19%
Price / MA100: +5.52%
Price / MAexp7: +1.74%
Price / MAexp20: +2.67%
Price / MAexp50: +3.88%
Price / MAexp100: +4.68%

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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