SWATCH GROUP I - Daily - Technical analysis published on 09/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 278.99 CHF
My targets
259.20 CHF (-1.03%)
248.10 CHF (-5.27%)
My analysis
The bearish trend is currently very strong for SWATCH GROUP I. As long as the price remains below the resistance at 278.99 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 259.20 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 248.10 CHF as an objective. Crossing it would then enable sellers to target 181.97 CHF. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
7.1
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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 SWATCH GROUP I rating is 261.90 CHF. On the day, this instrument lost -0.72% and was between 255.80 CHF and 262.70 CHF. This implies that the price is at +2.38% from its lowest and at -0.30% from its highest.255.80
262.70
261.90
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SWATCH GROUP I indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals 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 shows a bearish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near support of channel
Type : Bullish
Timeframe : Daily
Horizontal support is broken
Type : Bearish
Timeframe : Daily
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 | 181.97 | 248.10 | 259.20 | 261.90 | 278.99 | 298.50 | 308.75 |
| Change (%) | -30.52% | -5.27% | -1.03% | - | +6.53% | +13.97% | +17.89% |
| Change | -79.93 | -13.80 | -2.70 | - | +17.09 | +36.60 | +46.85 |
| Level | Minor | Major | Intermediate | - | Minor | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 259.10 | 261.50 | 262.90 | 265.30 | 266.70 | 269.10 | 270.50 |
| Camarilla | 263.26 | 263.60 | 263.95 | 264.30 | 264.65 | 265.00 | 265.35 |
| Woodie | 258.60 | 261.25 | 262.40 | 265.05 | 266.20 | 268.85 | 270.00 |
| Fibonacci | 261.50 | 262.95 | 263.85 | 265.30 | 266.75 | 267.65 | 269.10 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 265.97 | 271.13 | 277.97 | 283.13 | 289.97 | 295.13 | 301.97 |
| Camarilla | 281.50 | 282.60 | 283.70 | 284.80 | 285.90 | 287.00 | 288.10 |
| Woodie | 266.80 | 271.55 | 278.80 | 283.55 | 290.80 | 295.55 | 302.80 |
| Fibonacci | 271.13 | 275.72 | 278.55 | 283.13 | 287.72 | 290.55 | 295.13 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 230.10 | 243.10 | 255.60 | 268.60 | 281.10 | 294.10 | 306.60 |
| Camarilla | 261.09 | 263.43 | 265.76 | 268.10 | 270.44 | 272.78 | 275.11 |
| Woodie | 229.85 | 242.98 | 255.35 | 268.48 | 280.85 | 293.98 | 306.35 |
| Fibonacci | 243.10 | 252.84 | 258.86 | 268.60 | 278.34 | 284.36 | 294.10 |
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): | 42.52 | |
| MACD (12,26,9): | -1.3300 | |
| Directional Movement: | -17.88 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 270.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 284.19 | |
| Elder Ray (13): | -9.66 | |
| Super Trend (3,10): | 282.20 | |
| Zig ZAG (10): | 265.50 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 26.07 | |
| TEMA (21): | 270.23 | |
| Williams %R (14): | -73.55 | |
| Chande Momentum Oscillator (20): | -9.90 | |
| Repulse (5,40,3): | -0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.44 |
| MA7: | 271.06 | |
| MA20: | 271.70 | |
| MA50: | 277.62 | |
| MA100: | 275.74 | |
| MAexp7: | 269.16 | |
| MAexp20: | 271.74 | |
| MAexp50: | 274.17 | |
| MAexp100: | 278.71 | |
| Price / MA7: | -3.38% | |
| Price / MA20: | -3.61% | |
| Price / MA50: | -5.66% | |
| Price / MA100: | -5.02% | |
| Price / MAexp7: | -2.70% | |
| Price / MAexp20: | -3.62% | |
| Price / MAexp50: | -4.48% | |
| Price / MAexp100: | -6.03% |
News
Don"t forget to follow the news on SWATCH GROUP I. At the time of publication of this analysis, the latest news was as follows:
Swatch GroupThis member declared not having a position on this financial instrument or a related financial instrument.
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