SMI20 FULL0624 - Daily - Technical analysis published on 03/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 11,850.50 CHF
My targets
11,488.00 CHF (-1.74%)
11,190.00 CHF (-4.29%)
My analysis
In the short term, we can see an acceleration in the bearish trend on SMI20 FULL0322, which is a positive signal for sellers. As long as the price remains above 11,850.50 CHF, a sale could be considered. The first bearish objective is located at 11,488.00 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 11,190.00 CHF as an objective. Crossing it would then enable sellers to target 10,477.30 CHF. If the price were to return above 11,850.50 CHF, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SMI20 FULL0322 rating 11,692.00 CHF. On the day, this instrument lost -0.79% and was traded between 11,650.00 CHF and 11,781.00 CHF over the period. The price is currently at +0.36% from its lowest and -0.76% from its highest.11,650.00
11,781.00
11,692.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SMI20 FULL0322 indicates that the overall trend is bearish. The signals given by moving averages are 78.57% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,190.00 | 11,488.00 | 11,655.70 | 11,692.00 | 11,850.50 | 12,075.00 | 12,462.00 |
| Change (%) | -4.29% | -1.74% | -0.31% | - | +1.36% | +3.28% | +6.59% |
| Change | -502.00 | -204.00 | -36.30 | - | +158.50 | +383.00 | +770.00 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,389.00 | 11,475.00 | 11,630.00 | 11,716.00 | 11,871.00 | 11,957.00 | 12,112.00 |
| Camarilla | 11,718.73 | 11,740.82 | 11,762.91 | 11,785.00 | 11,807.09 | 11,829.18 | 11,851.28 |
| Woodie | 11,423.50 | 11,492.25 | 11,664.50 | 11,733.25 | 11,905.50 | 11,974.25 | 12,146.50 |
| Fibonacci | 11,475.00 | 11,567.06 | 11,623.94 | 11,716.00 | 11,808.06 | 11,864.94 | 11,957.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,851.67 | 11,113.33 | 11,502.67 | 11,764.33 | 12,153.67 | 12,415.33 | 12,804.67 |
| Camarilla | 11,712.98 | 11,772.65 | 11,832.33 | 11,892.00 | 11,951.68 | 12,011.35 | 12,071.03 |
| Woodie | 10,915.50 | 11,145.25 | 11,566.50 | 11,796.25 | 12,217.50 | 12,447.25 | 12,868.50 |
| Fibonacci | 11,113.33 | 11,362.02 | 11,515.65 | 11,764.33 | 12,013.02 | 12,166.65 | 12,415.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,443.67 | 10,909.33 | 11,390.67 | 11,856.33 | 12,337.67 | 12,803.33 | 13,284.67 |
| Camarilla | 11,611.58 | 11,698.38 | 11,785.19 | 11,872.00 | 11,958.81 | 12,045.62 | 12,132.43 |
| Woodie | 10,451.50 | 10,913.25 | 11,398.50 | 11,860.25 | 12,345.50 | 12,807.25 | 13,292.50 |
| Fibonacci | 10,909.33 | 11,271.09 | 11,494.58 | 11,856.33 | 12,218.09 | 12,441.58 | 12,803.33 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.28 | |
| MACD (12,26,9): | -132.2000 | |
| Directional Movement: | -11.19 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 11,729.73 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,915.00 | |
| Elder Ray (13): | -120.23 | |
| Super Trend (3,10): | 12,263.43 | |
| Zig ZAG (10): | 11,684.00 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 43.56 | |
| TEMA (21): | 11,689.61 | |
| Williams %R (14): | -61.36 | |
| Chande Momentum Oscillator (20): | -428.00 | |
| Repulse (5,40,3): | 1.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 5.81 |
| MA7: | 11,762.57 | |
| MA20: | 11,928.20 | |
| MA50: | 12,238.64 | |
| MA100: | 12,218.33 | |
| MAexp7: | 11,775.72 | |
| MAexp20: | 11,905.18 | |
| MAexp50: | 12,085.05 | |
| MAexp100: | 12,103.35 | |
| Price / MA7: | -0.60% | |
| Price / MA20: | -1.98% | |
| Price / MA50: | -4.47% | |
| Price / MA100: | -4.31% | |
| Price / MAexp7: | -0.71% | |
| Price / MAexp20: | -1.79% | |
| Price / MAexp50: | -3.25% | |
| Price / MAexp100: | -3.40% |
Quotes :
-
15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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