OMX Helsinki (HEX.HEX)

Short term

OMX Helsinki has broken the ceiling of the falling trend in the short term, which indicates a slower initial falling rate. The index is moving within a rectangle formation between support at 9741 and resistance at 9968. A decisive break through one of these levels indicates the new direction for the index. The index has given a positive signal from the rectangle formation by a break up through the resistance at 9837. Further rise to 10031 or more is signaled. The index is approacing resistance at 9955 points, which may give a negative reaction. However, a break upwards through 9955 points will be a positive signal. The index is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: -22)

Medium term

OMX Helsinki is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. The index has given a positive signal from the rectangle formation by a break up through the resistance at 9837. Further rise to 10031 or more is signaled. The index has broken up through resistance at points 9850. This predicts a further rise. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 66)

Long term

OMX Helsinki shows weak development in a falling trend channel in the long term. This signals increasing pessimism among investors and indicates further decline for OMX Helsinki. The index has marginally broken up through resistance at points 9800. An established break predicts a further rise. The index is assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold (Score: -17)