Wellington (WELLING.NDX)
Close: 12 457.00 (-34.17), Sep 27, 2024
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Liquidity risk: | Volatility risk: |
Short term
Wellington has broken through the floor of a rising trend channel in the short term. This indicates a slower rising rate at first, or the start of a more horizontal development. The price has reacted back after a false break of the double top formation. A significant penetration of 12354 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index is approacing resistance at 12540 points, which may give a negative reaction. However, a break upwards through 12540 points will be a positive signal. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically negative for the short term. Recommendation one to six weeks:
Medium term
Wellington is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The price has reacted back after a false break of the double top formation. A significant penetration of 12354 will again give new negative signals to the index, while a break of the opposite side of the formation will be a strong positive signal. The index has support at points 12100 and resistance at points 12830. Trading volume has increased substantially lately, which may be because of fundamental news. The index is overall assessed as technically neutral for the medium long term. Recommendation one to six months:
Long term
Wellington 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 index is moving within a rectangle formation between support at 10841 and resistance at 13435. A decisive break through one of these levels indicates the new direction for the index. The index is approaching support at 12100 points, which may give a positive reaction. However, a break downwards through 12100 points will be a negative signal. The index is overall assessed as technically slightly positive for the long term. Recommendation one to six quarters:
Period |
Vol.bal. |
Volatility |
Liquidity |
+/- % |
1 day | - | 0.47% | 0.00 | -0.27% |
5 days | -35.51 | 1.45% | 34.71 | -0.17% |
22 days | -28.59 | 3.55% | 32.07 | +0.05% |
66 days | -23.97 | 6.96% | 14.49 | +6.32% |
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