SMI20 FULL0325 - Daily - Technical analysis published on 05/31/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 12,131.80 CHF
My targets
11,203.00 CHF (-3.38%)
10,799.00 CHF (-6.87%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SMI20 FULL0622 as long as the price remains well below 12,131.80 CHF. The sellers' bearish objective is set at 11,203.00 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 10,799.00 CHF. In case of crossing, the next objective would be the support located at 10,322.00 CHF. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
4.1
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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 SMI20 FULL0622 rating is 11,595.00 CHF. On the day, this instrument lost -1.16% with the lowest point at 11,595.00 CHF and the highest point at 11,715.00 CHF. The deviation from the price is 0% for the low point and -1.02% for the high point.11,595.00
11,715.00
11,595.00
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
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 Daily chart of SMI20 FULL0622 indicates that the overall trend is strongly bearish. 89.29% 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 shows a moderate bullish 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 : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Black evening star
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,799.00 | 11,203.00 | 11,492.00 | 11,595.00 | 11,695.00 | 12,131.80 | 12,383.00 |
| Change (%) | -6.87% | -3.38% | -0.89% | - | +0.86% | +4.63% | +6.80% |
| Change | -796.00 | -392.00 | -103.00 | - | +100.00 | +536.80 | +788.00 |
| Level | Intermediate | Major | Minor | - | Major | Minor | 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 | 11,607.67 | 11,638.33 | 11,684.67 | 11,715.33 | 11,761.67 | 11,792.33 | 11,838.67 |
| Camarilla | 11,709.83 | 11,716.88 | 11,723.94 | 11,731.00 | 11,738.06 | 11,745.12 | 11,752.18 |
| Woodie | 11,615.50 | 11,642.25 | 11,692.50 | 11,719.25 | 11,769.50 | 11,796.25 | 11,846.50 |
| Fibonacci | 11,638.33 | 11,667.75 | 11,685.92 | 11,715.33 | 11,744.75 | 11,762.92 | 11,792.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,078.67 | 11,207.33 | 11,425.67 | 11,554.33 | 11,772.67 | 11,901.33 | 12,119.67 |
| Camarilla | 11,548.58 | 11,580.38 | 11,612.19 | 11,644.00 | 11,675.81 | 11,707.62 | 11,739.43 |
| Woodie | 11,123.50 | 11,229.75 | 11,470.50 | 11,576.75 | 11,817.50 | 11,923.75 | 12,164.50 |
| Fibonacci | 11,207.33 | 11,339.89 | 11,421.78 | 11,554.33 | 11,686.89 | 11,768.78 | 11,901.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,946.00 | 11,358.00 | 11,658.00 | 12,070.00 | 12,370.00 | 12,782.00 | 13,082.00 |
| Camarilla | 11,762.20 | 11,827.47 | 11,892.73 | 11,958.00 | 12,023.27 | 12,088.53 | 12,153.80 |
| Woodie | 10,890.00 | 11,330.00 | 11,602.00 | 12,042.00 | 12,314.00 | 12,754.00 | 13,026.00 |
| Fibonacci | 11,358.00 | 11,629.98 | 11,798.02 | 12,070.00 | 12,341.98 | 12,510.02 | 12,782.00 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.94 | |
| MACD (12,26,9): | -87.8200 | |
| Directional Movement: | -8.06 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 11,520.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,226.60 | |
| Elder Ray (13): | 53.85 | |
| Super Trend (3,10): | 11,958.40 | |
| Zig ZAG (10): | 11,631.00 | |
| VORTEX (21): | 0.8900 | |
| Stochastique (14,3,5): | 78.01 | |
| TEMA (21): | 11,490.99 | |
| Williams %R (14): | -29.19 | |
| Chande Momentum Oscillator (20): | 145.00 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1600 | |
| Courbe Coppock: | 1.77 |
| MA7: | 11,547.14 | |
| MA20: | 11,604.70 | |
| MA50: | 11,915.46 | |
| MA100: | 11,866.81 | |
| MAexp7: | 11,594.53 | |
| MAexp20: | 11,647.88 | |
| MAexp50: | 11,777.36 | |
| MAexp100: | 11,851.06 | |
| Price / MA7: | +0.41% | |
| Price / MA20: | -0.08% | |
| Price / MA50: | -2.69% | |
| Price / MA100: | -2.29% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.45% | |
| Price / MAexp50: | -1.55% | |
| Price / MAexp100: | -2.16% |
Quotes :
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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