OMX Stockholm PI (OMXSPI.ST)

Close: 760.81 (+1.07), Dec 1, 2020
Positive

Low risk

Automatic technical analysis. Medium term, Dec 1, 2020

OMX Stockholm PI is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. 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 733 points. The short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for OMX Stockholm PI. 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: 91)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.98%21 930.28+0.14%
5 days25.563.34%26 297.84+0.33%
22 days19.209.57%24 442.99+11.31%
66 days3.9121.54%21 732.92+8.93%

More analyses of OMX Stockholm PI

chart OMX Stockholm PI (OMXSPI) Candlesticks 22 Days
Candlesticks
chart OMX Stockholm PI (OMXSPI) Short term
Short term: Positive
chart OMX Stockholm PI (OMXSPI) Medium term
Medium term: Positive
chart OMX Stockholm PI (OMXSPI) 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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