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Investtech Indices
OMX Stockholm PI (OMXSPI.ST)
Close: 942.13 (+1.51), Apr 18, 2024
Complete report
Algorithmic Overall Analysis
Positive (Score: 78)
Apr 18, 2024. Updated daily.
Analyst's Recommendation
Weak Positive
Apr 18, 2024. 0 days ago.
Analyses
Short
Medium
Long
Overall
Insider
Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods
Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading
Stock data
| Price date | Apr 18, 2024 |
| Currency | SEK |
| ISIN | SE0000744195 |
| Rise from year low | 25.06% |
| Fall from year high | -3.02% |
Automatic technical analysis. Short term
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 903 and resistance at points 954. RSI below 30 shows that the momentum of the index is strongly negative in the short term. Investor have steadily reduced the price to sell the index, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The index is overall assessed as technically slightly positive for the short term.Recommendation one to six weeks: Weak Positive (Score: 40)
Automatic technical analysis. Medium term
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 has support at points 860 and resistance at points 970. The index is overall assessed as technically positive for the medium long term.Recommendation one to six months: Positive (Score: 61)
Automatic technical analysis. Long term
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: 78)
Full history
Candlesticks 95 days
Candlesticks 22 days
Insider Trades
Insider trades reported last 18 months. The stock is neutral on Insider Trades.
| List date | Trade date | Count | Price | Value | Text | Importance |
|---|
Commentaries
Automatic technical analysis of the stock, based on last closing price. The chart may have changed since the analyst's recommendation was written.
Analyst's Recommendation
Apr 18, 2024 (0 days ago)Lars-Göran Westerberg
lars.goran.westerberg@investtech.com
Recommendation one to six months: Weak Positive
Lars-Göran Westerberg, Apr 18, 2024 (price 940.62)
Stockholmsbörsens breda OMXSPI-index stängde upp 0,3 procent under onsdagen till en notering på 941 punkter. Den tekniska bilden är fortsatt positiv med en brant stigande trend identifierad i grafen på medellång sikt. Kursen har dock brutit ned genom golvet i trendkanalen, vilket i första skedet indikerar en svagare stigningstakt, eller inledningen av en mer horisontell utveckling. Närmaste stödnivå återfinns runt 900 punkter i grafen på kort sikt, därunder vid 860 punkter. Motstånd har identifierats vid 970 punkter och vi behöver se brott genom denna nivå för köpsignal.Investtechs korta Hausseindex står idag i 53 på kort sikt. Indexet går mellan 0 och 100 och är en optimistindikator som visar andelen aktier på Stockholmsbörsen som haft köpsignal som sista signal. Ett värde mellan cirka 45-55 indikerar jämvikt mellan pessimister och optimister. På lång sikt står indexet i 55. Vi har därmed i stort sett jämvikt mellan optimister och pessimister på börsen.
Investtechs insiderbarometer visar antalet köp- och säljtransaktioner som har genomförts av insynspersoner i börsens bolag. Den senaste månaden har det registrerats 337 köp och 118 försäljningar, vilket motsvarar en köpandel på 74 procent. Köpandelen på årsbasis är 83 procent. Vi börjar närma oss rapportsäsongen för första kvartalet 2024. Detta gör att aktiviteten bland börsens insynspersoner är begränsad, vilket syns i antalet affärer. Senaste veckan registrerades enbart 52 affärer. Investtechs forskning visar att aktier starka på insiderhandel statistiskt överpresterar mot marknaden.
OMXSPI är samlat sett tekniskt svagt positiv på medellång sikt (1-6 månader). Vi rekommenderar långsiktiga investerare att alltid vara investerade på marknaden.
Recommendation one to six months: Weak Positive
Published: Morning Report (Apr 18, 2024 09:01) [LGW]
The analysis is written by Investtech's analyst on the given date based on the price charts of this date. The analysis is meant to be valid for a few weeks, up to a few months. Later price developments may indicate changes in the market and investor optimism, and render the analysis outdated. Investtech's automatic analyses, updated daily, will often reflect such changes.
Previous recommendations
Lars-Göran Westerberg, Apr 12, 2024 (price 947.71)
Under torsdagen utvecklades Stockholmsbörsens breda OMXSPI-index negativt (-0,8 procent) och stängde på 948 punkter. Den tekniska bilden är fortsatt positiv med en brant stigande trend identifierad i grafen på medellång sikt. Kursen har dock brutit ned genom golvet i trendkanalen, vilket i första skedet indikerar en svagare stigningstakt, eller inledningen av en mer horisontell utveckling. Närmaste stödnivå återfinns runt 900 punkter i grafen på kort sikt, därunder vid 860 punkter. Motstånd har identifierats vid 970 punkter och vi behöver se brott genom denna nivå för köpsignal.
Investtechs korta Hausseindex står idag i 59 på kort sikt. Indexet går mellan 0 och 100 och är en optimistindikator som visar andelen aktier på Stockholmsbörsen som haft köpsignal som sista signal. Ett värde mellan cirka 45-55 indikerar jämvikt mellan pessimister och optimister. På lång sikt står indexet i 56. Vi har därmed i stort sett jämvikt mellan optimister och pessimister på börsen.
Investtechs insiderbarometer visar antalet köp- och säljtransaktioner som har genomförts av insynspersoner i börsens bolag. Den senaste månaden har det registrerats 382 köp och 134 försäljningar, vilket motsvarar en köpandel på 74 procent. Köpandelen på årsbasis är 83 procent. Investtechs forskning visar att aktier starka på insiderhandel statistiskt överpresterar mot marknaden.
OMXSPI är samlat sett tekniskt svagt positiv på medellång sikt (1-6 månader). Vi rekommenderar långsiktiga investerare att alltid vara investerade på marknaden.
Published: Morning Report (Apr 12, 2024 00:41) [LGW]
David Östblad, Feb 13, 2024 (price 897.93)
Marknaden öppnade veckan med en uppgång på 0.81 procent och stängde på 898 punkter under måndagen. Indexet har inte varit högre sedan 2 januari i år. Indexet har nu stigit 12 av de senaste 16 dagarna. En positiv signal är att kursen har brutit upp genom motståndet vid 888-punktersnivån som därmed har ombildats till en ny stödnivå. Ett nytt brott genom 903 punkter skulle utlösa ännu en köpsignal.
Investtechs korta Hausseindex står idag i 42 på kort sikt. Indexet går mellan 0 och 100 och är en optimistindikator som visar andelen aktier på Stockholmsbörsen som haft köpsignal som sista signal. Ett värde mellan cirka 45-55 indikerar jämvikt mellan pessimister och optimister. På lång sikt står indexet i 55. Vi har därmed i stort sett jämvikt mellan optimister och pessimister på börsen på både kort- och lång sikt.
Investtechs insiderbarometer visar antalet köp- och säljtransaktioner som har genomförts av insynspersoner i börsens bolag. Den senaste månaden har det registrerats 240 köp och 86 försäljningar, vilket motsvarar en köpandel på 74 procent. Köpandelen på årsbasis är 83 procent. Vi befinner oss i rapportsäsongen vilket gör att antalet insideraffärer är relativt få. Detta då många personer med insyn i bolagen inte är tillåtna handla aktier i det egna bolaget i anslutning till offentliggörandet av resultatrapporten. Investtechs forskning visar att aktier starka på insiderhandel statistiskt överpresterar mot marknaden.
OMXSPI är samlat sett tekniskt positiv på medellång sikt (1-6 månader). Närheten till stöd- och motståndsnivåer gör att den tekniska bilden, och med det rekommendationen för indexet, snabbt kan ändras. Vi rekommenderar långsiktiga investerare att alltid vara investerade på marknaden.
Published: Morning Report (Feb 13, 2024 08:09) [DO]
Analysts' recommendations last 18 months
Positive/Weak Positive
Neutral
Negative/Weak Negative
History of Investtech's analysts' analyses of the stock. Analyses are shown by coloured dots on the day the analysis was based on.
| Evaluation | Time horizon | Price | Published | Analyst |
|---|---|---|---|---|
 Weak Positive | Medium term | 940.62 | Apr 18, 2024 09:01, Morning Report | LGW |
| Weak Positive | Medium term | 947.71 | Apr 12, 2024 00:41, Morning Report | LGW |
 Positive | Medium term | 897.93 | Feb 13, 2024 08:09, Morning Report | DO |
| Weak Positive | Medium term | 882.38 | Feb 6, 2024 07:36, Morning Report | DO |
| Positive | Medium term | 892.01 | Feb 2, 2024 08:46, Morning Report | LGW |
| Weak Positive | Medium term | 884.03 | Jan 4, 2024 08:25, Morning Report | LGW |
| Positive | Medium term | 889.11 | Dec 15, 2023 00:30, Morning Report | LGW |
| Weak Positive | Medium term | 866.84 | Dec 13, 2023 08:57, Morning Report | LGW |
| Positive | Medium term | 871.53 | Dec 12, 2023 08:27, Morning Report | DO |
| Weak Positive | Medium term | 828.70 | Nov 23, 2023 00:27, Morning Report | LGW |
 Neutral | Medium term | 815.85 | Nov 15, 2023 08:55, Morning Report | LGW |
 Weak Negative | Medium term | 783.58 | Nov 3, 2023 08:53, Morning Report | LGW |
 Negative | Medium term | 773.50 | Oct 20, 2023 08:40, Morning Report | LGW |
| Weak Negative | Medium term | 815.90 | Aug 16, 2023 07:42, Morning Report | DO |
| Neutral | Medium term | 834.23 | Aug 10, 2023 22:41, Morning Report | DO |
| Weak Negative | Medium term | 822.16 | Aug 9, 2023 07:23, Morning Report | DO |
| Neutral | Medium term | 834.02 | Jul 24, 2023 00:34, Morning Report | LGW |
| Weak Positive | Medium term | 833.78 | Mar 31, 2023 08:45, Morning Report | LGW |
| Neutral | Medium term | 819.33 | Mar 14, 2023 08:23, Morning Report | DO |
| Weak Positive | Medium term | 833.88 | Jan 10, 2023 08:17, Morning Report | DO |
| Neutral | Medium term | 810.32 | Jan 5, 2023 02:51, Morning Report | LGW |
| Weak Negative | Medium term | 783.11 | Dec 18, 2022 22:29, Morning Report | LGW |
| Neutral | Medium term | 759.49 | Nov 6, 2022 20:50, Morning Report | LGW |
| Weak Negative | Medium term | 749.91 | Oct 26, 2022 08:33, Morning Report | DO |
| Negative | Medium term | 725.89 | Oct 20, 2022 08:03, Morning Report | DO |
| Neutral | Medium term | 739.89 | Oct 19, 2022 08:52, Morning Report | LGW |
| Negative | Medium term | 719.79 | Oct 6, 2022 07:29, Morning Report | DO |
DO: David Östblad (Analyst)
LGW: Lars-Göran Westerberg (Analyst)
Seasonal variations
Seasonal prediction from today's date
The blue line shows average price development the past 10 years, in the period from three months before to six months after today's date. The black line is actual price development in the past three months. Shaded areas are one and two standard deviations.
Monthly and annual statistics
Average development per month, last 10 years
Average development throughout the year, last 10 years
Annual development from 2014 to 2023
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Early warning
| Close prices next day that when broken will generate new signals |  | |
|---|---|---|
| Indicator | Price | Objective |
| High-RSI | 1 022.38 | - |
| Last close | 942.13 | - |
| Low-RSI | 893.43 | - |
| Short Term Trading Range | 882.38 | - |
| Long Term Trading Range | 859.65 | - |
| Indicator: | Type of indicator generating the signal | |
| Price: | If close price next day has crossed this value, a technical signal is created | |
| Objective: | Price target for the positive or negative signal (Only listed for patterns) | |
Alerts
No alertsKey ratios
Data missingHelp and information - Research shows the importance of Trend, Momentum and Volume
Investtech’s analyses focus on a stock’s trend status, short term momentum and volume development. These are central topics of technical analysis theory that describe changes in investor optimism or fluctuations in a company’s financial development. However, Investtech’s strong focus on these elements is due to research results that clearly indicate causation between these factors and future return on the stock market.
Trend
Theory: Stocks in rising trends will continue to rise.
Psychology/economy: Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Read more
Research: Stocks in rising trend channels in Investtech’s medium long term charts have been followed by an annualized excess return of 7.8 percentage points compared to average benchmark development. This is shown by Investtech’s research into 34,880 cases of stocks in rising trends on the Nordic Stock Exchanges in the period 1996 to 2015.
Read more about the research results here
Momentum
Theory: Stocks with rising short term momentum will continue to rise. Stocks with very strong momentum (overbought) will react backwards.
Psychology/economy: RSI above 70 shows strong positive momentum. The stock has risen in the short term without any significant reactions downwards. Investors have kept paying more to buy stocks. This indicates that more investors want to buy the stock and that the price will continue to rise. Read more
Research: Stocks with strong momentum have on average continued to rise, and more so than the average stock listed on the Exchange. This is shown by Investtech’s research into 24,208 cases of stocks on the Nordic Stock Exchanges in the period 1996 to 2015 where RSI went above 70 points, indicating strong and increasing short term momentum. On average, annualized, the stocks rose the equivalent of 11.4 percentage points more than the average stock.
Read the research report here
Volume
Theory: Rising prices on high volume and falling prices on low volume indicate strength in a stock. Volume can confirm a rising trend or signal that a falling trend is ending.
Psychology/economy: When investors very much want to buy a stock, they have to increase the price to find new sellers. Rising price on high volume shows that some investors are so aggressive that they push the price up to be able to buy the stock. Investtech’s Volume Balance tool measures the relation between price rise and volume and measures investor aggression at rising and falling prices. Read more
Research: Stocks with volume balance above 40 have been followed by an average annual return of 4.7 percentage points on the Nordic Stock Exchanges, shown by research conducted by Investtech into 24,580 cases.
Read the research report here
Investtech's analyses
Investtech has combined theory, psychology and research into powerful investment tools.
About Investtech
Investtech are behavioural finance and quantitative stock analysis specialists. The company sells analysis products to private, professional and institutional investors. Investtech manage the AIFM company Investtech Invest, which invests customers’ funds in the stock market.
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Investtech’s algorithms for analysis, ranking and stock recommendations are based on research dating back to 1993. Part of the research was conducted in cooperation with Oslo University and the Norwegian Research Council. Research still has high priority for Investtech. Many of the company’s research results are available for customers on the company’s web site.
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www.investtech.com
Investor Psychology - Behavioural Finance - Quantitative Analysis - Scientific Methods
Technical Analysis - Insider Trades - Seasonal Variations - Intraday Trading
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.
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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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Research department
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+47 21 555 888
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