Londinia Opportunities Analyses - 05/06/2024 (GMT) SPI EXTRA INDEX - 1H
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CHF
(-)
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15 min delayed data - Switzerland Indices
| Type: | Indices |
| Ticker: | SPIEXX |
| ISIN: | CH0017811008 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 304.98 CHF
My targets
309.28 CHF (+0.72%)
311.38 CHF (+1.40%)
My analysis
The bullish trend is currently very strong on SPI EXTRA INDEX. As long as the price remains above the support at 304.98 CHF, you could try to benefit from the boom. The first bullish objective is located at 309.28 CHF. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 311.38 CHF as an objective. Crossing it would then enable buyers to target 314.00 CHF. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8
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Additional analysis
Quotes
SPI EXTRA INDEX rating 307.08 CHF. The price registered an increase of +0.28% on the session with the lowest point at 306.12 CHF and the highest point at 307.10 CHF. The deviation from the price is +0.31% for the low point and -0.01% for the high point.306.12
307.10
307.08
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SPI EXTRA INDEX:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
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 1H chart of SPI EXTRA INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Moving Average bullish crossovers : AMA50 & AMA100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 304.13 | 304.98 | 306.37 | 307.08 | 307.82 | 309.28 | 311.38 |
| Change (%) | -0.96% | -0.68% | -0.23% | - | +0.24% | +0.72% | +1.40% |
| Change | -2.95 | -2.10 | -0.71 | - | +0.74 | +2.20 | +4.30 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 300.83 | 302.69 | 304.45 | 306.31 | 308.07 | 309.93 | 311.69 |
| Camarilla | 305.22 | 305.55 | 305.88 | 306.21 | 306.54 | 306.87 | 307.21 |
| Woodie | 300.78 | 302.67 | 304.40 | 306.29 | 308.02 | 309.91 | 311.64 |
| Fibonacci | 302.69 | 304.07 | 304.93 | 306.31 | 307.69 | 308.55 | 309.93 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 299.31 | 301.48 | 303.84 | 306.01 | 308.37 | 310.54 | 312.90 |
| Camarilla | 304.96 | 305.38 | 305.80 | 306.21 | 306.63 | 307.04 | 307.46 |
| Woodie | 299.42 | 301.53 | 303.95 | 306.06 | 308.48 | 310.59 | 313.01 |
| Fibonacci | 301.48 | 303.21 | 304.28 | 306.01 | 307.74 | 308.81 | 310.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 284.89 | 292.84 | 298.85 | 306.80 | 312.81 | 320.76 | 326.77 |
| Camarilla | 301.03 | 302.31 | 303.59 | 304.87 | 306.15 | 307.43 | 308.71 |
| Woodie | 283.93 | 292.36 | 297.89 | 306.32 | 311.85 | 320.28 | 325.81 |
| Fibonacci | 292.84 | 298.17 | 301.46 | 306.80 | 312.13 | 315.42 | 320.76 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 61.06 | |
| MACD (12,26,9): | 0.4600 | |
| Directional Movement: | 24.04 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 306.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 306.29 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 305.43 | |
| Zig ZAG (10): | 307.04 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 70.91 | |
| TEMA (21): | 306.98 | |
| Williams %R (14): | -31.26 | |
| Chande Momentum Oscillator (20): | 1.30 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.38 |
| MA7: | 305.34 | |
| MA20: | 305.99 | |
| MA50: | 308.33 | |
| MA100: | 304.58 | |
| MAexp7: | 306.71 | |
| MAexp20: | 306.15 | |
| MAexp50: | 305.64 | |
| MAexp100: | 305.65 | |
| Price / MA7: | +0.57% | |
| Price / MA20: | +0.36% | |
| Price / MA50: | -0.41% | |
| Price / MA100: | +0.82% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | +0.30% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.47% |
Quotes :
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15 min delayed data
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Indices Suisse