OMX Helsinki (HEX.HEX)

Close: 10 257.00 (-71.10), Jan 21, 2020
Automatic technical analysis
Medium term
Recommendation one to six months
Positive

Low risk

Liquidity risk: Not applicableVolatility risk: Low

Indicators 

Rising trend breaking upwards

Trend floor at 9541.30 (-7.0%).
Trend ceiling at 10145.70 (-1.1%).
Annualized rate of increase 21%.

Neutral volume balance

VolBal22: 0

Strong positive momentum

RSI21: 79

Rectangle

Buy signal triggered Oct 17, 2019.

Analyses


Short

Medium

Long

Overall

Automatic technical analysis. Medium term, Jan 21, 2020

OMX Helsinki has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. The price has risen strongly since the positive signal from inverse head and shoulders formation at the break through the resistance at 9503. The objective at 10215 is now met, but the formation still gives a signal in the same direction. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 10060 points. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 96)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.67%0.00-0.69%
5 days0.002.30%0.00+1.57%
22 days0.005.84%0.00+7.91%
66 days0.0011.11%0.00+10.50%

More analyses of OMX Helsinki

chart OMX Helsinki (HEX) Candlesticks 22 Days
Candlesticks
chart OMX Helsinki (HEX) Short term
Short term: Positive
chart OMX Helsinki (HEX) Medium term
Medium term: Positive
chart OMX Helsinki (HEX) Long term
Long term: Positive




 


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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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