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

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.

Security Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
OMX Stockholm 30 OMXS 2334.37 0 0.5 0.99888 46.4565 -0.93 4.11 4.25 0.04565

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

Factor Symbol Last Value Predicted Value R2 MacroVar Signal
Sweden PMI vs Stocks SE.FACT.STPMI 1748.42 52.6368 -2.89078
Sweden ESI vs Stocks SE.FACT.STESI 1748.42 98.2306 -0.450298

OMX Stockholm 30 related Indicators

OMX Stockholm 30

Security Type Symbol Last Momentum Trend Oscillator RSI 1D% 1W% 1M% 1Y%
Sweden ETF Stock Index ETF EWD 47.21 1 1 1.75747 64.8236 -1.09 1.22 -0.88 0.24286
Sweden PMI vs Stocks Stock Index vs PMI Factor SE.FACT.STPMI 1748.42
Sweden ESI vs Stocks Stock Index vs ESI Factor SE.FACT.STESI 1748.42

Sweden Markets

Market Symbol Last Mom Trend Exh RSI 1D% 1W% 1M% 1Y%
OMX Stockholm 30 OMXS 2334.37 0 0.5 0.99888 46.4565 -0.93 4.11 4.25 0.04565
Sweden ETF EWD 47.21 1 1 1.75747 64.8236 -1.09 1.22 -0.88 0.24286
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

Indicator Actual Previous M/M% Y/Y% Trend Slope ZS5Y Update
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
business confidence 100.8 100.5 0.00298507 0.0850377 1.0 1.0 1 2021-03-31
capacity utilization 89.4 88 0.0159091 -0.00886918 1.0 -1.0 0.333333 2021-01-01
capital flows 45.8 -7.2 -7.36111 -0.688223 1.0 -1.0 0.6 2020-10-01
car registrations 37638 25713 0.463773 0.444393 1.0 1.0 0.916667 2021-06-30
central bank balance sheet 1371880 1346490 0.0188564 0.125017 1.0 1.0 0.583333 2021-06-30
consumer confidence 103.2 97.4 0.0595483 0.400271 1.0 1.0 1 2021-04-30
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 57.4 70.2 -0.182336 0.438596 1.0 1.0 0.8 2020-10-01
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
exports 130800 143900 -0.0910354 0.227017 1.0 1.0 1 2021-04-30
external debt 8522.9 8415.2 0.0127983 0.0243993 1.0 1.0 0 2020-05-31
fiscal expenditure 102651 91736 0.118983 0.116184 -1.0 1.0 0.716667 2021-05-31
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 530.833 555.455 -0.0443276 0.0805695 -1.0 1.0 0 2019-01-31
Real GDP 1231840 1234810 -0.00240523 0.0650804 1.0 1.0 0.383333 2020-12-01
gdp growth 0.8 7.5 -0.893333 3 1.0 1.0 0.95 2021-01-01
gdp growth annual -2.2 -2.4 -0.0833333 -1.70968 -1.0 -1.0 0.133333 2020-10-01
gold reserves 125.72 125.7 0.000159109 0 1.0 -1.0 0.8 2020-07-01
government budget -3.1 0.6 -6.16667 -2.40909 -1.0 -1.0 0 2020-01-31
Government budget 36939 -16884 -3.18781 2.63609 1.0 1.0 0.916667 2021-05-31
government debt 1226640 1199630 0.0225153 0.0595216 1.0 1.0 0.616667 2021-06-30
government debt to gdp 39.9 35 0.14 0.0583554 -1.0 1.0 0 2020-01-31
government revenues 139590 74852 0.86488 0.366854 1.0 1.0 0.95 2021-05-31
housing index 288.74 284.78 0.0139055 0.17906 1.0 1.0 0.983333 2021-05-31
housing starts 15.411 12.852 0.199113 0.127524 1.0 1.0 0.533333 2021-01-01
imports 129000 139800 -0.0772532 0.301715 1.0 1.0 1 2021-04-30
industrial production 24.2 27.1 -0.107011 -2.39884 1.0 1.0 0.183333 2021-05-31
industrial production mom 0.1 0.9 -0.888889 -0.956522 -1.0 -1.0 0.616667 2021-05-31
inflation cpi 1.3 1.8 -0.277778 0.857143 1.0 1.0 0.816667 2021-06-30
interbank rate -0.03 -0.02 0.5 0.5 -1.0 -1.0 0.8 2021-06-02
interest rate -0.25 -0.25 0 0 1.0 -1.0 0.608333 2019-10-24
lending rate 0.1 0.1 0 -0.8 -1.0 -1.0 0.0333333 2020-09-30
loan growth 5.9 5.7 0.0350877 0.156863 1.0 1.0 1 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
manufacturing pmi 66.4 69 -0.0376812 0.66 1.0 1.0 0.983333 2021-05-30
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
PPI Index 7.9 5.6 0.410714 -3.07895 1.0 1.0 0.233333 2021-05-31
retail sales MoM 2.3 -0.4 0 0.210526 1.0 1.0 0.733333 2021-05-31
retail sales 10.3 7 0.471429 6.92308 1.0 1.0 0.983333 2021-05-31
services pmi 65.6 61.9 0.0597738 0.682051 1.0 1.0 1 2021-04-30
unemployment rate 9.8 9.4 0.0425532 0.0888889 1.0 1.0 0.633333 2021-05-31
youth unemployment rate 25.8 27.3 -0.0549451 0 1.0 -1.0 0.45 2021-05-31
Construction sector -11.2 -22 -0.490909 -0.374302 1.0 1.0 0.5 2021-04-01
Consumer sector 6.2 4.2 0.47619 -1.88571 1.0 1.0 0.216667 2021-04-01
Manufacturing sector 21.7 14.1 0.539007 -1.68454 1.0 1.0 0.2 2021-04-01
Retail sector 24.7 3.5 6.05714 -2.91473 1.0 1.0 0.0166667 2021-04-01
Services sector 32.6 7.2 3.52778 -1.72606 1.0 1.0 0.116667 2021-04-01
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 Momentum

Momentum 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 trend

OMX 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 oscillator

The 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 indicator

The 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 returns

MacroVar 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)
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