OMX COPENHAGEN 20

- DKK (-)

- 15 min delayed data - NASDAQ EU Indices

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Type:	Indices
Ticker:	OMXC20
ISIN:

OMX COPENHAGEN 20 - Daily - Technical analysis published on 06/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

28%

39%

33%

My opinion

Bullish above 2,031.77 DKK

My targets

2,148.56 DKK (+3.62%)

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 2,031.77 DKK. The buyers' bullish objective is set at 2,148.56 DKK. A bullish break in this resistance would boost the bullish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

4.6

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 2,073.58 DKK. On the day, this instrument gained +2.29% and was between 2,043.77 DKK and 2,075.31 DKK. This implies that the price is at +1.46% from its lowest and at -0.08% from its highest.

2,043.77

2,075.31

2,073.58

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

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:

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

Technical analysis of OMX COPENHAGEN 20 in Daily shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

White morning star

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	1,817.96	1,900.17	2,031.77	2,073.58	2,148.56
Change (%)	-12.33%	-8.36%	-2.02%	-	+3.62%
Change	-255.62	-173.41	-41.81	-	+74.98
Level	Major	Major	Major	-	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,985.78	1,997.13	2,012.12	2,023.47	2,038.46	2,049.81	2,064.80
Camarilla	2,019.88	2,022.29	2,024.71	2,027.12	2,029.54	2,031.95	2,034.36
Woodie	1,987.61	1,998.04	2,013.95	2,024.38	2,040.29	2,050.72	2,066.63
Fibonacci	1,997.13	2,007.19	2,013.41	2,023.47	2,033.53	2,039.75	2,049.81

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,922.16	1,965.31	1,996.22	2,039.37	2,070.28	2,113.43	2,144.34
Camarilla	2,006.75	2,013.54	2,020.33	2,027.12	2,033.91	2,040.70	2,047.49
Woodie	1,916.03	1,962.25	1,990.09	2,036.31	2,064.15	2,110.37	2,138.21
Fibonacci	1,965.31	1,993.60	2,011.08	2,039.37	2,067.66	2,085.14	2,113.43

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,791.31	1,885.00	1,965.45	2,059.14	2,139.59	2,233.28	2,313.73
Camarilla	1,998.01	2,013.97	2,029.94	2,045.90	2,061.86	2,077.83	2,093.79
Woodie	1,784.69	1,881.69	1,958.83	2,055.83	2,132.97	2,229.97	2,307.11
Fibonacci	1,885.00	1,951.52	1,992.62	2,059.14	2,125.66	2,166.76	2,233.28

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):	51.12
MACD (12,26,9):	-0.3500
Directional Movement:	-7.60
AROON (14):	-57.15
DEMA (21):	2,074.65
Parabolic SAR (0,02-0,02-0,2):	2,123.71
Elder Ray (13):	-8.13
Super Trend (3,10):	2,121.20
Zig ZAG (10):	2,071.24
VORTEX (21):	0.8700
Stochastique (14,3,5):	22.03
TEMA (21):	2,054.30
Williams %R (14):	-54.57
Chande Momentum Oscillator (20):	-56.62
Repulse (5,40,3):	0.6900
ROCnROLL:	1
TRIX (15,9):	0.0700
Courbe Coppock:	3.26

MA7:	2,054.22
MA20:	2,081.13
MA50:	2,043.30
MA100:	1,968.49
MAexp7:	2,058.63
MAexp20:	2,069.00
MAexp50:	2,039.57
MAexp100:	1,976.76
Price / MA7:	+0.94%
Price / MA20:	-0.36%
Price / MA50:	+1.48%
Price / MA100:	+5.34%
Price / MAexp7:	+0.73%
Price / MAexp20:	+0.22%
Price / MAexp50:	+1.67%
Price / MAexp100:	+4.90%

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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