Hovedindeksen (OSEBX.OL)

Close: 845.04 (+0.41), Aug 22, 2019
Automatic technical analysis
Medium term
Recommendation one to six months
Negative

Low risk

Liquidity risk: LowVolatility risk: Low

Indicators 

Horizontal trend breaking downwards

Trend floor at 848.64 (+0.4%).
Trend ceiling at 889.12 (+5.2%).
Annualized rate of increase -1%.

Neutral volume balance

VolBal22: -0

Neutral momentum

RSI21: 42

Rectangle

Sell signal triggered Aug 5, 2019.

Analyses


Short

Medium

Long

Overall

Insider

Automatic technical analysis. Medium term, Aug 22, 2019

Hovedindeksen has broken down from an approximate horixontal trend channel in the medium long term after investors have sold at ever lower prices. A negative signal has been triggered and further decline for the index is indicated. The price has reacted back after a break of a rectangle formation without quite reaching the objective at 809. A significant break 843 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index is approaching the resistance at points 852, which may give a negative reaction. The index is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -94)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.68%4 122.04+0.05%
5 days-37.972.21%4 380.65+3.31%
22 days-0.115.18%3 911.71-3.40%
66 days-1.459.86%4 428.13-4.53%

More analyses of Hovedindeksen

chart Hovedindeksen (OSEBX) Candlesticks 22 Days
Candlesticks
chart Hovedindeksen (OSEBX) Short term
Short term: Negative
chart Hovedindeksen (OSEBX) Medium term
Medium term: Negative
chart Hovedindeksen (OSEBX) Long term
Long term: Hold




 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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