Hovedindeksen (OSEBX.OL)

Short term

Hovedindeksen is within an approximate horizontal trend channel in the short term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The index is approacing resistance at 1463 points, which may give a negative reaction. However, a break upwards through 1463 points will be a positive signal. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. Volume balance is also negative, which weakens the index and indicates increased chance of a break down. The index is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -63)

Medium term

Hovedindeksen has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index is testing resistance at points 1460. This could give a negative reaction, but an upward breakthrough of points 1460 means a positive signal. The volume balance is negative and weakens the index in the short term. The index is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -45)

Long term

Investors have paid higher prices over time to buy Hovedindeksen and the index is in a rising trend channel in the long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index is approacing resistance at 1540 points, which may give a negative reaction. However, a break upwards through 1540 points will be a positive signal. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The index is overall assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold (Score: -10)