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Investtech Indices
OMX Stockholm PI (OMXSPI.ST)
Close: 953.69 (+14.32), Apr 23, 2024
Positive
Low risk
Candlesticks
Short term: Positive
Medium term: Positive
Long term: Positive
Short term
OMX Stockholm PI has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The index has support at points 937 and resistance at points 971. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the short term.Recommendation one to six weeks: Positive (Score: 57)
Medium term
OMX Stockholm PI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 828. The objective at 914 is now met, but the formation still gives a signal in the same direction. The index is approacing resistance at 970 points, which may give a negative reaction. However, a break upwards through 970 points will be a positive signal. The index is overall assessed as technically positive for the medium long term.Recommendation one to six months: Positive (Score: 55)
Long term
Investors have paid higher prices over time to buy OMX Stockholm PI 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 price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 828. The objective at 914 is now met, but the formation still gives a signal in the same direction. The index has support at points 890 and resistance at points 1040. The index is overall assessed as technically positive for the long term.Recommendation one to six quarters: Positive (Score: 77)
Overall analysis
OMX Stockholm PI is technically positive for the short, medium, as well as the long term. The index is neutral on Insider Trades.Recommendation one to six months: Positive (Score: 80)
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The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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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