OMX COPENHAGEN 20

- DKK (-)

- 15 min delayed data - NASDAQ EU Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	OMXC20
ISIN:

OMX COPENHAGEN 20 - Daily - Technical analysis published on 11/11/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

17%

My opinion

Bullish above 1,708.87 DKK

My targets

1,817.96 DKK (+3.85%)

1,900.17 DKK (+8.55%)

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 COPENHAGEN 20 as long as the price remains well above 1,708.87 DKK. The buyers' bullish objective is set at 1,817.96 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,900.17 DKK. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.3

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

OMX COPENHAGEN 20 rating 1,750.48 DKK. The price registered a decrease of -0.09% on the session with the lowest point at 1,742.36 DKK and the highest point at 1,758.18 DKK. The deviation from the price is +0.47% for the low point and -0.44% for the high point.

1,742.36

1,758.18

1,750.48

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of OMX COPENHAGEN 20 in Daily shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,640.83	1,685.43	1,708.87	1,750.48	1,765.20	1,817.96	1,900.17
Change (%)	-6.26%	-3.72%	-2.38%	-	+0.84%	+3.85%	+8.55%
Change	-109.65	-65.05	-41.61	-	+14.72	+67.48	+149.69
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	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	1,656.50	1,682.87	1,717.46	1,743.83	1,778.42	1,804.79	1,839.38
Camarilla	1,735.28	1,740.86	1,746.45	1,752.04	1,757.63	1,763.22	1,768.80
Woodie	1,660.60	1,684.93	1,721.56	1,745.89	1,782.52	1,806.85	1,843.48
Fibonacci	1,682.87	1,706.16	1,720.55	1,743.83	1,767.12	1,781.51	1,804.79

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,576.49	1,609.42	1,646.87	1,679.80	1,717.25	1,750.18	1,787.63
Camarilla	1,664.98	1,671.43	1,677.88	1,684.33	1,690.78	1,697.23	1,703.69
Woodie	1,578.76	1,610.55	1,649.14	1,680.93	1,719.52	1,751.31	1,789.90
Fibonacci	1,609.42	1,636.30	1,652.91	1,679.80	1,706.68	1,723.29	1,750.18

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,394.31	1,449.15	1,555.66	1,610.50	1,717.01	1,771.85	1,878.36
Camarilla	1,617.80	1,632.59	1,647.38	1,662.17	1,676.96	1,691.75	1,706.54
Woodie	1,420.15	1,462.07	1,581.50	1,623.42	1,742.85	1,784.77	1,904.20
Fibonacci	1,449.15	1,510.79	1,548.86	1,610.50	1,672.14	1,710.21	1,771.85

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.83
MACD (12,26,9):	36.0600
Directional Movement:	23.45
AROON (14):	92.86
DEMA (21):	1,714.80
Parabolic SAR (0,02-0,02-0,2):	1,676.23
Elder Ray (13):	55.79
Super Trend (3,10):	1,654.85
Zig ZAG (10):	1,746.25
VORTEX (21):	1.2000
Stochastique (14,3,5):	89.40
TEMA (21):	1,748.71
Williams %R (14):	-14.22
Chande Momentum Oscillator (20):	101.39
Repulse (5,40,3):	1.9200
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	13.85

MA7:	1,718.76
MA20:	1,661.33
MA50:	1,619.13
MA100:	1,669.64
MAexp7:	1,720.84
MAexp20:	1,673.33
MAexp50:	1,649.17
MAexp100:	1,659.50
Price / MA7:	+1.85%
Price / MA20:	+5.37%
Price / MA50:	+8.11%
Price / MA100:	+4.84%
Price / MAexp7:	+1.71%
Price / MAexp20:	+4.60%
Price / MAexp50:	+6.13%
Price / MAexp100:	+5.47%

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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