OMX Stockholm 30 Index
OMX Stockholm 30 closed down by -0.93% to 2334.37 on 23 January 2021 and +4.11% on a weekly basis. OMX Stockholm 30 momentum was last calculated at +0.0/100 indicating positive momentum. OMX Stockholm 30 trend is +50.0/100 indicating a positive trend. OMX Stockholm 30 momentum exhaustion is 0.99888 indicating OMX Stockholm 30 is oversold.OMX Stockholm 30 RSI is 46.4565 .
OMX Stockholm 30 Index Chart
OMX Stockholm 30 Index Statistics
MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the OMX Stockholm 30. Click here to explore the financial factors monitored and their current signals.
Click here to explore the methodology used for estimating the OMX Stockholm 30 trading signals presented in the OMX Stockholm 30 statistics table.
OMX Stockholm 30 closed at 2334.37 on 23 January 2021. OMX Stockholm 30 trend was last calculated at +50.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. OMX Stockholm 30 momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. OMX Stockholm 30 momentum exhaustion is 0.99888 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating OMX Stockholm 30 is oversold and a possible reversal is imminent. OMX Stockholm 30 RSI was last calculated at 46.4565. OMX Stockholm 30 moving averages were last recorded as follows: 1-month moving average: 1887.11 in a downtrend , 1-quarter moving average: 1865.98 in an uptrend and 1-year moving average: 1725.77 in an uptrend. OMX Stockholm 30 annual return was last recorded at None%, daily return was last recorded at -0.93%, and weekly return was last recorded at 4.11%. OMX Stockholm 30 histrorical 20-day volatility was last recorded at 11.6033%, OMX Stockholm 30 alpha None, OMX Stockholm 30 beta None and OMX Stockholm 30 maximum drawdown was recorded at None%. MacroVar models monitor OMX Stockholm 30 statistics based on historical data since 1970.
OMX Stockholm 30 Index News
OMX Stockholm 30 Factors
OMX Stockholm 30
OMX Stockholm 30 related Indicators
OMX Stockholm 30
|OMX Stockholm 30||OMXS||2334.37||0||0.5||0.99888||46.4565||-0.93||4.11||4.25||0.04565|
|Swedish Krona US Dollar (SEK/USD)||SEKUSD||8.69||-0.5||-1||-1.76041||34.7543||0.85||2.44||4.19||-0.13064|
|Sweden 10-Year Bond Yield||SE.10Y||0.13||-1||0.75||1.01541||69.8808||-33.33||-63.07||-64.09||-0.86335|
|Sweden 2-year bond yield||SE.2Y||-0.31||0||-0.25||-0.94109||53.7125||0||4.03||-12.92||0.28105|
|Sweden Yield Curve||SE.YC||0.67||1||0.75||1.60103||68.4752||0.45||1.21||52.62||-0.07126|
Sweden Economic Indicators
|balance of trade||5100||1900||1.68421||3.63636||1.0||1.0||0.933333||2021-05-31|
|banks balance sheet||11528100||11461400||0.00581953||0.0334098||1.0||1.0||0.483333||2021-05-31|
|central bank balance sheet||1371880||1346490||0.0188564||0.125017||1.0||1.0||0.583333||2021-06-30|
|consumer price index cpi||341.32||341.04||0.000821018||0.0133001||1.0||1.0||0.3||2021-06-30|
|core inflation rate||1.6||2.1||-0.238095||1.28571||1.0||1.0||0.966667||2021-06-30|
|current account to gdp||5.2||5.1||0.0196078||-0.333333||1.0||-1.0||0||2020-01-31|
|deposit interest rate||-0.1||-0.1||0||0||-1.0||-1.0||0.6||2020-12-31|
|foreign direct investment||20.7||-6.9||-4||0.669355||-1.0||1.0||0.766667||2020-07-01|
|foreign exchange reserves||488410||487691||0.00147429||-0.0699787||-1.0||-1.0||0.166667||2021-06-30|
|gdp growth annual||-2.2||-2.4||-0.0833333||-1.70968||-1.0||-1.0||0.133333||2020-10-01|
|government debt to gdp||39.9||35||0.14||0.0583554||-1.0||1.0||0||2020-01-31|
|industrial production mom||0.1||0.9||-0.888889||-0.956522||-1.0||-1.0||0.616667||2021-05-31|
|loans to private sector||1450370||1452330||-0.00134956||-0.0540304||-1.0||-1.0||0.0166667||2021-05-31|
|long term unemployment rate||1.2||1.1||0.0909091||0||1.0||-1.0||0.616667||2020-09-30|
|money supply m0||61347||60989||0.00586991||-0.00662284||-1.0||-1.0||0.416667||2021-05-31|
|money supply m1||4099720||3865470||0.0606006||0.175106||1.0||1.0||0.9||2021-05-31|
|money supply m2||4420370||4376560||0.0100101||0.115176||1.0||1.0||0.766667||2021-05-31|
|money supply m3||4545730||4515910||0.00660332||0.112759||1.0||1.0||0.766667||2021-05-31|
|Producer Price Index||118.7||117.3||0.0119352||0.0781108||1.0||1.0||0.883333||2021-05-31|
|retail sales MoM||2.3||-0.4||0||0.210526||1.0||1.0||0.733333||2021-05-31|
|youth unemployment rate||25.8||27.3||-0.0549451||0||1.0||-1.0||0.45||2021-05-31|
|ESI - Economic Composite||117.5||106.7||0.101218||0.680973||1.0||1.0||1||2021-04-01|
OMX Stockholm 30 Trading Signals
MacroVar estimates the following signals: OMX Stockholm 30 momentum, OMX Stockholm 30 trend, OMX Stockholm 30 oscillator, OMX Stockholm 30 RSI and OMX Stockholm 30 returns.
OMX Stockholm 30 MomentumMomentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.
MacroVarOMX Stockholm 30 momentum signal ranges from -100 to +100. The OMX Stockholm 30 momentum signal is derived as the mean value from 4 calculations for the OMX Stockholm 30. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. OMX Stockholm 30 return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. OMX Stockholm 30 momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when OMX Stockholm 30 momentum signal moves from positive to negative value or vice-versa.
OMX Stockholm 30 trendOMX Stockholm 30 trend signal ranges from -100 to +100. OMX Stockholm 30 trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. OMX Stockholm 30 Closing price vs OMX Stockholm 30 moving average (MA) calculation: If OMX Stockholm 30 is greater than OMX Stockholm 30 MA value is +1, else -1, 2. OMX Stockholm 30 Moving average slope calculation: if current OMX Stockholm 30 moving average is higher than the previous MA, OMX Stockholm 30 upward slope +1, else -1
OMX Stockholm 30 trend model can be used as a trend strength indicator. OMX Stockholm 30 trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when OMX Stockholm 30 trend strength indicator moves from positive to negative value or vice-versa.
The most important trend indicator
The OMX Stockholm 30 52-week simple moving average and its slope are the most important indicators defining a market’s trend. OMX Stockholm 30 is in an uptrend when OMX Stockholm 30 price is higher than the 52-week moving average and the OMX Stockholm 30 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the OMX Stockholm 30 oscillator and OMX Stockholm 30 RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.
OMX Stockholm 30 oscillatorThe OMX Stockholm 30 oscillator estimated by MacroVar is the z-score of the current OMX Stockholm 30 price versus OMX Stockholm 30 1-year simple moving average price. The formula for the OMX Stockholm 30 oscillator is:
OMX Stockholm 30 oscillator = (Current Price – 250 trading days OMX Stockholm 30 simple moving average price) / (250 days OMX Stockholm 30 price standard deviation)
OMX Stockholm 30 oversold conditions
OMX Stockholm 30 is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the OMX Stockholm 30 is oversold it is often due for a rebound. Values of the OMX Stockholm 30 oscillator lower than -2.5 signify oversold conditions. It must be noted that the OMX Stockholm 30 oscillator must be analyzed ibn conjunction with the rest of OMX Stockholm 30 quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the OMX Stockholm 30 RSI.
OMX Stockholm 30 overbought conditions
OMX Stockholm 30 is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the OMX Stockholm 30 is overbought it is often due for a correction. Values of the OMX Stockholm 30 oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the OMX Stockholm 30 quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.
OMX Stockholm 30 RSI indicatorThe RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when OMX Stockholm 30 is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During OMX Stockholm 30 uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.
OMX Stockholm 30 returnsMacroVar calculates OMX Stockholm 30 returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:
OMX Stockholm 30 returns = (OMX Stockholm 30 Closing Price – OMX Stockholm 30 Previous Price)/(OMX Stockholm 30 Previous Price)