OMX Stockholm PI (OMXSPI.ST)

Close: 725.62 (-6.53), Feb 21, 2020
Automatic technical analysis
Medium term
Recommendation one to six months
Positive

Low risk

Liquidity risk: LowVolatility risk: Low

Indicators 

Rising trend

Trend floor at 704.88 (-2.9%).
Trend ceiling at 752.98 (+3.8%).
Annualized rate of increase 51%.

Strong positive volume balance

VolBal22: 48

Postitive momentum

RSI21: 66

Rectangle

Buy signal triggered Dec 6, 2019.

Analyses


Short

Medium

Long

Overall

Insider

Automatic technical analysis. Medium term, Feb 21, 2020

OMX Stockholm PI shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from rectangle formation at the break through the resistance at 626. The objective at 682 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 626 points. 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-0.65%4 325.22-0.89%
5 days25.882.28%4 654.20-0.29%
22 days47.596.04%4 002.80+3.50%
66 days13.7912.13%3 137.10+9.67%

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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