Analysis of the week with StockCharts365.com – the Nordic stock exchange index!
Nasdaq OMX Nordic 120 – Analysis of the week by
StockCharts365.com
In Analysis of the Week with stock tips, StockCharts365.com takes a closer look at the Nordic stock exchange index, Nasdaq OMX Nordic 120.
What signals does the technical analysis give about future developments? Read on below.
But first a little about Vikingens Investeringsskola.
Vikingen Investment School’s holdings week 34
The interest rate has been lowered by the Swedish Riksbank and further cuts are expected, which will then stimulate an increase in the stock markets i during the fall. For the moment we are sitting still in the boat and do no further investments.
We have the following holdings this week 34.
Per Aarsleff Holding we have chosen to sell and made a small profit
MPC Container Ships we choose to keep
NVIDIA we choose to keep, and are waiting for the company’s next trip up
It was the investment school of the week. Feel free to give us feedback and follow us on FB and/or Linkedin.
Below about the Nordic stock exchange index, Nasdaq OMX Nordic 120 (NOMXN120)
The NASDAQ OMX Nordic Tradable Sector Index family (NOMXN) consists of 10 sector indexes and one composite index. The composite index consists of the 120 largest of the 150 most traded stocks on NASDAQ OMX Copenhagen, NASDAQ OMX Helsinki, NASDAQ OMX Stockholm and Oslo Exchange.
The composite index, NASDAQ OMX Nordic 120 (NOMXN120), population is used as the basis for selecting the sector indexes.
The NOMXN indexes are calculated as free floating market capitalization weighted indexes and are restricted in accordance with UCITS IV.
The indexes are reviewed semi-annually with effect after the third Friday in June and December.
The indexes have a base date of 18. December 2009 with 500 as base value.
Technical Analysis of Nasdaq OMX Nordic 120 (NOMXN120)
The Nasdaq OMX Nordic 120 fell back into its previous long-term rising trend during the recent sharp stock market fall.
The index fell down to, and slightly below, the 200-day moving average, and has then rebounded strongly.
The Nordic stock exchange index is now testing an important technical resistance level up against the upper trend line in the previous long-term rising trend, which the index has fallen back into during the latest sharp correction.
There is also technical resistance here for the Nasdaq OMX Nordic 120, around the 1,680 level, and where there is also resistance now up towards the 50-day moving average.
Various momentum indicators such as RSI and Stochastics indicate that the Nasdaq OMX Nordic 120 may now be facing a correction downwards in the short term.
Correction down in the short term, but an established break above the 1,680 level will trigger positive technical signals for Nasdaq OMX Nordic 120
The overall technical picture for Nasdaq OMX Nordic 120 indicates that there may be a correction downwards in the short term, and perhaps a new test of support around the 1,580 – 1,600 level and down towards the 200-day moving average.
A break downwards below the 1,580 level and below the 200-day moving average will trigger negative technical signals for this Nordic stock exchange index, which may then correct all the way down towards the lower trend line in the long term rising trend.
An established break above the 1680 level and above the 50-day moving average on Nasdaq OMX Nordic 120 will trigger positive technical signals.
What is Vikingen Investment School?
Vikingen Investment School started 13.
May 2024.
We have chosen to invest SEK 10,000 and hope that you will join us to learn how to get rich(er) in the stock market.
Our ambition is that you will want to join us on our journey from beginner to experienced investor.
If you have more than SEK 10,000 to invest, it’s of course even more interesting, but the principles are the same.
Since 10/6, we’re adding even more value to the blog by adding “Analysis of the week” from StockCharts365. com.
Vikingen Financial Software shows the way!
Through Vikingen Financial Software and our mentor Peter Östevik, we at Vikingen Investment School select the shares/other investment objects that are most worth buying here and now.
Vikingen Financial Software would like to remind you that past positive results do not always indicate future profits and that all trading is at your own risk.
Sincerely, Catrin Abrahamsson-Beynon
