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OMX COPENHAGEN 20
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 - 1H - Technical analysis published on 01/30/2023 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,835.54 DKK
My targets
1,859.45 DKK (+0.46%)
1,880.43 DKK (+1.59%)
My analysis
OMX COPENHAGEN 20 is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1,835.54 DKK, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 1,859.45 DKK. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 1,880.43 DKK would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 1,891.93 DKK. Beware of a possible return to under the support located at 1,835.54 DKK which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.5

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.

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

Additional analysis

Quotes

The OMX COPENHAGEN 20 price is 1,850.94 DKK. The price has increased by +0.98% since the last closing and was traded between 1,823.08 DKK and 1,851.33 DKK over the period. The price is currently at +1.53% from its lowest and -0.02% from its highest.

1,823.08
1,851.33
1,850.94

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 the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this OMX COPENHAGEN 20 chart shows a slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

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:

Central Candlesticks

Bearish doji star

Type : Bearish

Timeframe : 1 hour


Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,817.96 1,826.87 1,835.54 1,850.94 1,859.45 1,880.43 1,891.93
Change (%) -1.78% -1.30% -0.83% - +0.46% +1.59% +2.21%
Change -32.98 -24.07 -15.40 - +8.51 +29.49 +40.99
Level Major Minor Minor - Intermediate Intermediate Intermediate



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,803.991,813.531,832.241,841.781,860.491,870.031,888.74
Camarilla1,843.171,845.761,848.351,850.941,853.531,856.121,858.71
Woodie1,808.571,815.821,836.821,844.071,865.071,872.321,893.32
Fibonacci1,813.531,824.331,830.991,841.781,852.581,859.241,870.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,737.441,775.561,804.301,842.421,871.161,909.281,938.02
Camarilla1,814.651,820.781,826.911,833.041,839.171,845.301,851.43
Woodie1,732.751,773.221,799.611,840.081,866.471,906.941,933.33
Fibonacci1,775.561,801.101,816.881,842.421,867.961,883.741,909.28


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,719.421,753.301,794.291,828.171,869.161,903.041,944.03
Camarilla1,814.691,821.551,828.421,835.281,842.141,849.011,855.87
Woodie1,722.981,755.081,797.851,829.951,872.721,904.821,947.59
Fibonacci1,753.301,781.901,799.571,828.171,856.771,874.441,903.04

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): 64.83
MACD (12,26,9): 2.1400
Directional Movement: 4.06
AROON (14): 42.85
DEMA (21): 1,840.18
Parabolic SAR (0,02-0,02-0,2): 1,819.78
Elder Ray (13): 10.01
Super Trend (3,10): 1,833.49
Zig ZAG (10): 1,850.94
VORTEX (21): 1.1000
Stochastique (14,3,5): 94.26
TEMA (21): 1,846.65
Williams %R (14): -1.38
Chande Momentum Oscillator (20): 24.48
Repulse (5,40,3): 0.4700
ROCnROLL: 1
TRIX (15,9): -0.0100
Courbe Coppock: 1.53
MA7: 1,848.27
MA20: 1,857.20
MA50: 1,825.00
MA100: 1,723.86
MAexp7: 1,844.99
MAexp20: 1,839.24
MAexp50: 1,843.27
MAexp100: 1,848.82
Price / MA7: +0.14%
Price / MA20: -0.34%
Price / MA50: +1.42%
Price / MA100: +7.37%
Price / MAexp7: +0.32%
Price / MAexp20: +0.64%
Price / MAexp50: +0.42%
Price / MAexp100: +0.11%

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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