SWISS RE N - 1H - Technical analysis published on 08/30/2024 (GMT)
- 106
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 114.70 CHF
My targets
116.75 CHF (+0.56%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SWISS RE N. As long as you are above the support located at 114.70 CHF, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 116.75 CHF would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 114.70 CHF were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
2.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SWISS RE N rating 116.10 CHF. The price is lower by -0.09% since the last closing with the lowest point at 116.10 CHF and the highest point at 116.55 CHF. The deviation from the price is 0% for the low point and -0.39% for the high point.116.10
116.55
116.10
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SWISS RE N chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 7 technical indicators out of 18 studied are currently bearish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 103.86 | 108.04 | 114.70 | 116.10 | 116.75 |
| Change (%) | -10.54% | -6.94% | -1.21% | - | +0.56% |
| Change | -12.24 | -8.06 | -1.40 | - | +0.65 |
| Level | Intermediate | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.92 | 115.43 | 115.82 | 116.33 | 116.72 | 117.23 | 117.62 |
| Camarilla | 115.95 | 116.04 | 116.12 | 116.20 | 116.28 | 116.37 | 116.45 |
| Woodie | 114.85 | 115.40 | 115.75 | 116.30 | 116.65 | 117.20 | 117.55 |
| Fibonacci | 115.43 | 115.78 | 115.99 | 116.33 | 116.68 | 116.89 | 117.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.67 | 105.88 | 111.87 | 115.08 | 121.07 | 124.28 | 130.27 |
| Camarilla | 115.32 | 116.16 | 117.01 | 117.85 | 118.69 | 119.54 | 120.38 |
| Woodie | 104.05 | 106.58 | 113.25 | 115.78 | 122.45 | 124.98 | 131.65 |
| Fibonacci | 105.88 | 109.40 | 111.57 | 115.08 | 118.60 | 120.77 | 124.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 95.75 | 100.25 | 104.35 | 108.85 | 112.95 | 117.45 | 121.55 |
| Camarilla | 106.09 | 106.87 | 107.66 | 108.45 | 109.24 | 110.03 | 110.82 |
| Woodie | 95.55 | 100.15 | 104.15 | 108.75 | 112.75 | 117.35 | 121.35 |
| Fibonacci | 100.25 | 103.54 | 105.57 | 108.85 | 112.14 | 114.17 | 117.45 |
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): | 52.42 | |
| MACD (12,26,9): | 0.1400 | |
| Directional Movement: | 0.33 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 116.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 116.99 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 115.65 | |
| Zig ZAG (10): | 116.30 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 23.08 | |
| TEMA (21): | 116.30 | |
| Williams %R (14): | -76.92 | |
| Chande Momentum Oscillator (20): | -0.85 | |
| Repulse (5,40,3): | -0.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.22 |
| MA7: | 116.34 | |
| MA20: | 109.38 | |
| MA50: | 109.29 | |
| MA100: | 108.06 | |
| MAexp7: | 116.30 | |
| MAexp20: | 116.35 | |
| MAexp50: | 115.49 | |
| MAexp100: | 113.41 | |
| Price / MA7: | -0.21% | |
| Price / MA20: | +6.14% | |
| Price / MA50: | +6.23% | |
| Price / MA100: | +7.44% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | +0.53% | |
| Price / MAexp100: | +2.37% |
Quotes :
-
15 min delayed data
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Switzerland SWX Stocks
News
The latest news and videos published on SWISS RE N at the time of the analysis were as follows:
- Swiss Re reports a net income of USD 2.1 billion for the first half of 2024
- Severe thunderstorms drive insured losses to USD 60 billion in first half of 2024, Swiss Re Institute estimates
- Swiss Re announces Group CFO succession as John Dacey retires in 2025
- Robust economies set to drive insurance growth and profitability, says Swiss Re Institute
- Beyond broken infrastructure – Swiss Re explores cascading effects of natural disasters and other key emerging risks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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