OMX Stockholm PI (OMXSPI.ST)

Close: 947.19 (+4.22), Nov 21, 2024
Hold

Low risk

chart OMX Stockholm PI (OMXSPI) Candlesticks 22 Days
Candlesticks
chart OMX Stockholm PI (OMXSPI) Short term
Short term: Negative
chart OMX Stockholm PI (OMXSPI) Medium term
Medium term: Weak Positive
chart OMX Stockholm PI (OMXSPI) Long term
Long term: Positive
chart OMX Stockholm PI (OMXSPI)
RSI - Relative Strength Index
chart Insider Trades
Insider Trades

Short term

OMX Stockholm PI has broken the falling trend channel down in the short term. This signals an even stronger falling rate, but the negative development may result in corrections up in the short term. There is no support in the price chart and further decline is indicated. In case of a positive reaction, the index has resistance at 960 points. The index is assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -86)

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 index has broken a support level and given a negative signal for the long term trading range. The index is between support at points 927 and resistance at points 970. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 35)

Long term

OMX Stockholm PI shows strong development within 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 816 and resistance at 1033. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 890 and resistance at points 1020. The index is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 65)


Overall analysis

OMX Stockholm PI is technically negative for the short term, but positive for the medium and long term. The index is neutral on Insider Trades.

Recommendation one to six months: Hold (Score: 8)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.66%14 818.71+0.45%
5 days13.052.14%16 417.66-2.27%
22 days-1.055.42%18 543.59-3.76%
66 days5.7710.92%17 187.52-2.84%
 


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.


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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