OMX Copenhagen 25 GI (OMXC25GI.CO)

Short term

OMX Copenhagen 25 GI is in a falling trend channel in the short term. This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 2184 points. 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 negative for the short term.

Recommendation one to six weeks: Negative (Score: -89)

Medium term

OMX Copenhagen 25 GI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has received a negative signal from the moving average indicator, thus signaling a continued fall. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 2150 points. The index is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -66)

Long term

Investors have paid higher prices over time to buy OMX Copenhagen 25 GI and the index is in a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The index gave a negative signal from the double top formation by the break down through the support at 2181. Further fall to 2020 or lower is signaled. The index has broken down through support at points 2180. This predicts a further decline. The index is overall assessed as technically negative for the long term.

Recommendation one to six quarters: Negative (Score: -74)