SWISS RE N - 1H - Technical analysis published on 04/24/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Neutral
Technical indicators
78%
0%
22%
My opinion
Bullish above 98.98 CHF
My targets
103.30 CHF (+1.67%)
105.65 CHF (+3.99%)
My analysis
The current short-term bullish trend should quickly fix the basic bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SWISS RE N as long as the price remains well above 98.98 CHF. The buyers' bullish objective is set at 103.30 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 105.65 CHF. If there is any crossing, the next objective would be the resistance located at 108.04 CHF.
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
4.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SWISS RE N rating is 101.60 CHF. On the day, this instrument lost -0.25% with the lowest point at 101.35 CHF and the highest point at 102.00 CHF. The deviation from the price is +0.25% for the low point and -0.39% for the high point.101.35
102.00
101.60
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 (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SWISS RE N indicates that the overall trend is not clearly defined. This indecision could turn into a bullish trend due to the strong bullish 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.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 94.38 | 96.72 | 98.98 | 101.60 | 103.30 | 105.65 | 108.04 |
Change (%) | -7.11% | -4.80% | -2.58% | - | +1.67% | +3.99% | +6.34% |
Change | -7.22 | -4.88 | -2.62 | - | +1.70 | +4.05 | +6.44 |
Level | Major | Minor | Major | - | 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 | 97.30 | 98.21 | 100.03 | 100.94 | 102.76 | 103.67 | 105.49 |
Camarilla | 101.10 | 101.35 | 101.60 | 101.85 | 102.10 | 102.35 | 102.60 |
Woodie | 97.76 | 98.44 | 100.49 | 101.17 | 103.22 | 103.90 | 105.95 |
Fibonacci | 98.21 | 99.25 | 99.90 | 100.94 | 101.98 | 102.63 | 103.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 82.35 | 89.53 | 93.83 | 101.01 | 105.31 | 112.49 | 116.79 |
Camarilla | 94.96 | 96.02 | 97.07 | 98.12 | 99.17 | 100.23 | 101.28 |
Woodie | 80.90 | 88.81 | 92.38 | 100.29 | 103.86 | 111.77 | 115.34 |
Fibonacci | 89.53 | 93.92 | 96.63 | 101.01 | 105.40 | 108.11 | 112.49 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 97.70 | 101.85 | 108.90 | 113.05 | 120.10 | 124.25 | 131.30 |
Camarilla | 112.87 | 113.90 | 114.92 | 115.95 | 116.98 | 118.00 | 119.03 |
Woodie | 99.15 | 102.58 | 110.35 | 113.78 | 121.55 | 124.98 | 132.75 |
Fibonacci | 101.85 | 106.13 | 108.77 | 113.05 | 117.33 | 119.97 | 124.25 |
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): | 72.34 | |
MACD (12,26,9): | 0.7900 | |
Directional Movement: | 20.64 | |
AROON (14): | 92.86 | |
DEMA (21): | 101.32 | |
Parabolic SAR (0,02-0,02-0,2): | 101.08 | |
Elder Ray (13): | 0.78 | |
Super Trend (3,10): | 100.26 | |
Zig ZAG (10): | 101.65 | |
VORTEX (21): | 1.3000 | |
Stochastique (14,3,5): | 92.63 | |
TEMA (21): | 102.22 | |
Williams %R (14): | -11.99 | |
Chande Momentum Oscillator (20): | 2.07 | |
Repulse (5,40,3): | 0.3600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 4.92 |
MA7: | 99.26 | |
MA20: | 106.47 | |
MA50: | 107.53 | |
MA100: | 102.85 | |
MAexp7: | 101.42 | |
MAexp20: | 100.44 | |
MAexp50: | 100.39 | |
MAexp100: | 102.43 | |
Price / MA7: | +2.36% | |
Price / MA20: | -4.57% | |
Price / MA50: | -5.51% | |
Price / MA100: | -1.22% | |
Price / MAexp7: | +0.18% | |
Price / MAexp20: | +1.15% | |
Price / MAexp50: | +1.21% | |
Price / MAexp100: | -0.81% |
Quotes :
-
15 min delayed data
-
Switzerland SWX Stocks
News
The last news published on SWISS RE N at the time of the generation of this analysis was as follows:
- Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant
- Swiss Re publishes its 2023 Financial Condition Report
- Swiss Re shareholders approve all proposals at 2024 AGM
- Swiss Re announces Group CEO transition
- New record of 142 natural catastrophes accumulates to USD 108 billion insured losses in 2023, finds Swiss Re Institute
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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