Londinia Opportunities Analyses - 05/02/2024 (GMT) OMX COPENHAGEN 20 - 1H
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DKK
(-)
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15 min delayed data - NASDAQ EU Indices
| Type: | Indices |
| Ticker: | OMXC20 |
| ISIN: |
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
11%
17%
My opinion
Bullish above 2,654.38 DKK
My targets
2,712.76 DKK (+1.50%)
2,751.08 DKK (+2.93%)
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 2,654.38 DKK. The buyers' bullish objective is set at 2,712.76 DKK. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,751.08 DKK. 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.
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
7.3
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Additional analysis
Quotes
The OMX COPENHAGEN 20 rating is 2,672.80 DKK. The price has increased by +0.24% since the last closing and was traded between 2,601.89 DKK and 2,696.12 DKK over the period. The price is currently at +2.73% from its lowest and -0.86% from its highest.2,601.89
2,696.12
2,672.80
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:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this OMX COPENHAGEN 20 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,616.11 | 2,637.76 | 2,654.38 | 2,672.80 | 2,674.13 | 2,712.76 | 2,751.08 |
| Change (%) | -2.12% | -1.31% | -0.69% | - | +0.05% | +1.50% | +2.93% |
| Change | -56.69 | -35.04 | -18.42 | - | +1.33 | +39.96 | +78.28 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,578.60 | 2,597.79 | 2,632.09 | 2,651.28 | 2,685.58 | 2,704.77 | 2,739.07 |
| Camarilla | 2,651.68 | 2,656.58 | 2,661.49 | 2,666.39 | 2,671.29 | 2,676.20 | 2,681.10 |
| Woodie | 2,586.16 | 2,601.57 | 2,639.65 | 2,655.06 | 2,693.14 | 2,708.55 | 2,746.63 |
| Fibonacci | 2,597.79 | 2,618.22 | 2,630.85 | 2,651.28 | 2,671.71 | 2,684.34 | 2,704.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,500.03 | 2,539.42 | 2,596.21 | 2,635.60 | 2,692.39 | 2,731.78 | 2,788.57 |
| Camarilla | 2,626.54 | 2,635.36 | 2,644.17 | 2,652.99 | 2,661.81 | 2,670.62 | 2,679.44 |
| Woodie | 2,508.72 | 2,543.77 | 2,604.90 | 2,639.95 | 2,701.08 | 2,736.13 | 2,797.26 |
| Fibonacci | 2,539.42 | 2,576.16 | 2,598.86 | 2,635.60 | 2,672.34 | 2,695.04 | 2,731.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,464.80 | 2,520.58 | 2,601.19 | 2,656.97 | 2,737.58 | 2,793.36 | 2,873.97 |
| Camarilla | 2,644.28 | 2,656.79 | 2,669.29 | 2,681.79 | 2,694.29 | 2,706.80 | 2,719.30 |
| Woodie | 2,477.21 | 2,526.79 | 2,613.60 | 2,663.18 | 2,749.99 | 2,799.57 | 2,886.38 |
| Fibonacci | 2,520.58 | 2,572.68 | 2,604.87 | 2,656.97 | 2,709.07 | 2,741.26 | 2,793.36 |
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): | 55.71 | |
| MACD (12,26,9): | 0.9000 | |
| Directional Movement: | -2.36 | |
| AROON (14): | 0 | |
| DEMA (21): | 2,652.48 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,606.16 | |
| Elder Ray (13): | 16.21 | |
| Super Trend (3,10): | 2,690.76 | |
| Zig ZAG (10): | 2,672.85 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 58.38 | |
| TEMA (21): | 2,649.60 | |
| Williams %R (14): | -23.93 | |
| Chande Momentum Oscillator (20): | 38.97 | |
| Repulse (5,40,3): | 0.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.66 |
| MA7: | 2,650.48 | |
| MA20: | 2,636.27 | |
| MA50: | 2,644.82 | |
| MA100: | 2,502.70 | |
| MAexp7: | 2,651.41 | |
| MAexp20: | 2,649.49 | |
| MAexp50: | 2,645.05 | |
| MAexp100: | 2,640.32 | |
| Price / MA7: | +0.84% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +1.06% | |
| Price / MA100: | +6.80% | |
| Price / MAexp7: | +0.81% | |
| Price / MAexp20: | +0.88% | |
| Price / MAexp50: | +1.05% | |
| Price / MAexp100: | +1.23% |
Quotes :
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15 min delayed data
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Indices NASDAQ EU