OMX Stockholm PI (OMXSPI.ST)

Close: 956.89 (+9.70), Nov 22, 2024
Hold

Low risk

chart OMX Stockholm PI (OMXSPI) Candlesticks 22 Days
Candlesticks
chart OMX Stockholm PI (OMXSPI) Short term
Short term: Weak Negative
chart OMX Stockholm PI (OMXSPI) Medium term
Medium term: Hold
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

Investors have accepted lower prices over time to get out of OMX Stockholm PI and the index is in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for OMX Stockholm PI. The index is testing resistance at points 960. This could give a negative reaction, but an upward breakthrough of points 960 means a positive signal. Volume has previously been high at price tops and low at price bottoms. This weakens the falling trend and could be an early signal of a coming trend break. The index is overall assessed as technically slightly negative for the short term.

Recommendation one to six weeks: Weak Negative (Score: -43)

Medium term

OMX Stockholm PI is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. 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. RSI diverges positively against the price, which indicates a possibility for a reaction up. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 10)

Long term

OMX Stockholm PI 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 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: 64)


Overall analysis

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

Recommendation one to six months: Hold (Score: 17)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.66%17 599.61+1.02%
5 days26.462.14%16 087.58-0.05%
22 days-1.405.43%18 285.25-2.89%
66 days4.3710.93%17 261.43-2.50%
 


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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