SMI20 FULL0624 - 1H - Technical analysis published on 05/13/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
89%
0%
11%
My opinion
Bullish above 11,538.00 CHF
My targets
11,794.40 CHF (+1.83%)
12,016.00 CHF (+3.74%)
My analysis
The current short-term bullish acceleration on SMI20 FULL0622 should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 11,538.00 CHF. Short-term buyers will use the resistance located at 11,794.40 CHF as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 12,016.00 CHF. Crossing this resistance would then open the door for buyers to target 12,149.00 CHF. Caution, if there is a return to under 11,538.00 CHF, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.9
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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
The SMI20 FULL0622 price is 11,583.00 CHF. On the day, this instrument gained +0.48% and was traded between 11,514.00 CHF and 11,602.00 CHF over the period. The price is currently at +0.60% from its lowest and -0.16% from its highest.11,514.00
11,602.00
11,583.00
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SMI20 FULL0622:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SMI20 FULL0622 chart shows a neutral trend. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,376.00 | 11,449.00 | 11,538.00 | 11,583.00 | 11,794.40 | 12,016.00 | 12,149.00 |
| Change (%) | -1.79% | -1.16% | -0.39% | - | +1.83% | +3.74% | +4.89% |
| Change | -207.00 | -134.00 | -45.00 | - | +211.40 | +433.00 | +566.00 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Major |
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 | 11,091.33 | 11,182.67 | 11,355.33 | 11,446.67 | 11,619.33 | 11,710.67 | 11,883.33 |
| Camarilla | 11,455.40 | 11,479.60 | 11,503.80 | 11,528.00 | 11,552.20 | 11,576.40 | 11,600.60 |
| Woodie | 11,132.00 | 11,203.00 | 11,396.00 | 11,467.00 | 11,660.00 | 11,731.00 | 11,924.00 |
| Fibonacci | 11,182.67 | 11,283.52 | 11,345.82 | 11,446.67 | 11,547.52 | 11,609.82 | 11,710.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,126.67 | 11,381.33 | 11,551.67 | 11,806.33 | 11,976.67 | 12,231.33 | 12,401.67 |
| Camarilla | 11,605.13 | 11,644.08 | 11,683.04 | 11,722.00 | 11,760.96 | 11,799.92 | 11,838.88 |
| Woodie | 11,084.50 | 11,360.25 | 11,509.50 | 11,785.25 | 11,934.50 | 12,210.25 | 12,359.50 |
| Fibonacci | 11,381.33 | 11,543.68 | 11,643.98 | 11,806.33 | 11,968.68 | 12,068.98 | 12,231.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,946.00 | 11,358.00 | 11,658.00 | 12,070.00 | 12,370.00 | 12,782.00 | 13,082.00 |
| Camarilla | 11,762.20 | 11,827.47 | 11,892.73 | 11,958.00 | 12,023.27 | 12,088.53 | 12,153.80 |
| Woodie | 10,890.00 | 11,330.00 | 11,602.00 | 12,042.00 | 12,314.00 | 12,754.00 | 13,026.00 |
| Fibonacci | 11,358.00 | 11,629.98 | 11,798.02 | 12,070.00 | 12,341.98 | 12,510.02 | 12,782.00 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 60.12 | |
| MACD (12,26,9): | 31.4600 | |
| Directional Movement: | 11.04 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 11,526.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,418.38 | |
| Elder Ray (13): | 65.03 | |
| Super Trend (3,10): | 11,418.45 | |
| Zig ZAG (10): | 11,580.00 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 93.97 | |
| TEMA (21): | 11,577.68 | |
| Williams %R (14): | -6.19 | |
| Chande Momentum Oscillator (20): | 174.00 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 3.33 |
| MA7: | 11,598.00 | |
| MA20: | 11,916.40 | |
| MA50: | 11,867.06 | |
| MA100: | 11,981.15 | |
| MAexp7: | 11,555.76 | |
| MAexp20: | 11,498.09 | |
| MAexp50: | 11,513.46 | |
| MAexp100: | 11,612.18 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | -2.80% | |
| Price / MA50: | -2.39% | |
| Price / MA100: | -3.32% | |
| Price / MAexp7: | +0.24% | |
| Price / MAexp20: | +0.74% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | -0.25% |
Quotes :
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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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