SWISS RE N - 1H - Technical analysis published on 10/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
61%
17%
My opinion
Bearish under 110.90 CHF
My targets
108.04 CHF (-1.74%)
103.50 CHF (-5.87%)
My analysis
The bearish trend is currently very strong for SWISS RE N. As long as the price remains below the resistance at 110.90 CHF, you could try to take advantage of the bearish rally. The first bearish objective is located at 108.04 CHF. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 103.50 CHF as an objective. Crossing it would then enable sellers to target 99.14 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 are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.3
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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 price is 109.95 CHF. On the day, this instrument lost -0.32% with the lowest point at 107.95 CHF and the highest point at 110.00 CHF. The deviation from the price is +1.85% for the low point and -0.05% for the high point.107.95
110.00
109.95
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
Opening Gap DOWN
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 HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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 strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from 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 does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 99.14 | 103.50 | 108.04 | 109.95 | 110.90 | 113.35 | 114.57 |
| Change (%) | -9.83% | -5.87% | -1.74% | - | +0.86% | +3.09% | +4.20% |
| Change | -10.81 | -6.45 | -1.91 | - | +0.95 | +3.40 | +4.62 |
| Level | Major | Minor | Major | - | Minor | 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 | 103.70 | 106.70 | 108.50 | 111.50 | 113.30 | 116.30 | 118.10 |
| Camarilla | 108.98 | 109.42 | 109.86 | 110.30 | 110.74 | 111.18 | 111.62 |
| Woodie | 103.10 | 106.40 | 107.90 | 111.20 | 112.70 | 116.00 | 117.50 |
| Fibonacci | 106.70 | 108.53 | 109.67 | 111.50 | 113.33 | 114.47 | 116.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.68 | 111.02 | 112.93 | 115.27 | 117.18 | 119.52 | 121.43 |
| Camarilla | 113.68 | 114.07 | 114.46 | 114.85 | 115.24 | 115.63 | 116.02 |
| Woodie | 108.48 | 110.91 | 112.73 | 115.16 | 116.98 | 119.41 | 121.23 |
| Fibonacci | 111.02 | 112.64 | 113.64 | 115.27 | 116.89 | 117.89 | 119.52 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 109.70 | 112.00 | 114.35 | 116.65 | 119.00 | 121.30 | 123.65 |
| Camarilla | 115.42 | 115.85 | 116.27 | 116.70 | 117.13 | 117.55 | 117.98 |
| Woodie | 109.73 | 112.01 | 114.38 | 116.66 | 119.03 | 121.31 | 123.68 |
| Fibonacci | 112.00 | 113.78 | 114.87 | 116.65 | 118.43 | 119.52 | 121.30 |
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): | 26.39 | |
| MACD (12,26,9): | -1.3500 | |
| Directional Movement: | -35.74 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 110.50 | |
| Parabolic SAR (0,02-0,02-0,2): | 113.38 | |
| Elder Ray (13): | -1.74 | |
| Super Trend (3,10): | 111.76 | |
| Zig ZAG (10): | 109.75 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 19.33 | |
| TEMA (21): | 109.79 | |
| Williams %R (14): | -76.00 | |
| Chande Momentum Oscillator (20): | -5.10 | |
| Repulse (5,40,3): | 0.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 6.88 |
| MA7: | 113.60 | |
| MA20: | 115.33 | |
| MA50: | 112.54 | |
| MA100: | 111.57 | |
| MAexp7: | 110.21 | |
| MAexp20: | 112.08 | |
| MAexp50: | 113.75 | |
| MAexp100: | 114.84 | |
| Price / MA7: | -3.21% | |
| Price / MA20: | -4.66% | |
| Price / MA50: | -2.30% | |
| Price / MA100: | -1.45% | |
| Price / MAexp7: | -0.24% | |
| Price / MAexp20: | -1.90% | |
| Price / MAexp50: | -3.34% | |
| Price / MAexp100: | -4.26% |
Quotes :
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15 min delayed data
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Switzerland SWX Stocks
News
The last news published on SWISS RE N at the time of the generation of this analysis was as follows:
- Covid-19 may lead to longest period of peacetime excess mortality, says new Swiss Re report
- Swiss Re sees increasing demand for reinsurance in volatile environment
- Litigation costs drive US liability claims by 57% over past decade, reveals Swiss Re Institute
- 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
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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