SMI20 INDEX - 1H - Technical analysis published on 04/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 11,263.00 EUR
My targets
11,678.74 EUR (+1.91%)
11,871.70 EUR (+3.60%)
My analysis
SMI20 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11,263.00 EUR. The next resistance located at 11,678.74 EUR is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11,871.70 EUR. After this resistance, buyers could then target 12,537.00 EUR. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SMI20 INDEX rating 11,459.47 EUR. On the day, this instrument lost -0.01% with the lowest point at 11,434.52 EUR and the highest point at 11,483.16 EUR. The deviation from the price is +0.22% for the low point and -0.21% for the high point.11,434.52
11,483.16
11,459.47
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
Here is a more detailed summary of the historical variations registered by SMI20 INDEX:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of SMI20 INDEX in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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 | 11,129.90 | 11,263.00 | 11,436.00 | 11,459.47 | 11,871.70 | 12,537.00 | 12,970.50 |
| Change (%) | -2.88% | -1.71% | -0.20% | - | +3.60% | +9.40% | +13.19% |
| Change | -329.57 | -196.47 | -23.47 | - | +412.23 | +1,077.53 | +1,511.03 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Intermediate | 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 | 11,311.98 | 11,341.70 | 11,401.14 | 11,430.86 | 11,490.30 | 11,520.02 | 11,579.46 |
| Camarilla | 11,436.06 | 11,444.23 | 11,452.41 | 11,460.58 | 11,468.75 | 11,476.93 | 11,485.10 |
| Woodie | 11,326.84 | 11,349.13 | 11,416.00 | 11,438.29 | 11,505.16 | 11,527.45 | 11,594.32 |
| Fibonacci | 11,341.70 | 11,375.76 | 11,396.80 | 11,430.86 | 11,464.92 | 11,485.96 | 11,520.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,187.88 | 11,242.42 | 11,351.50 | 11,406.04 | 11,515.12 | 11,569.66 | 11,678.74 |
| Camarilla | 11,415.59 | 11,430.58 | 11,445.58 | 11,460.58 | 11,475.58 | 11,490.58 | 11,505.58 |
| Woodie | 11,215.15 | 11,256.06 | 11,378.77 | 11,419.68 | 11,542.39 | 11,583.30 | 11,706.01 |
| Fibonacci | 11,242.42 | 11,304.92 | 11,343.54 | 11,406.04 | 11,468.54 | 11,507.16 | 11,569.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,791.48 | 10,093.41 | 10,599.82 | 10,901.75 | 11,408.16 | 11,710.09 | 12,216.50 |
| Camarilla | 10,883.95 | 10,958.04 | 11,032.14 | 11,106.24 | 11,180.34 | 11,254.44 | 11,328.53 |
| Woodie | 9,893.73 | 10,144.53 | 10,702.07 | 10,952.87 | 11,510.41 | 11,761.21 | 12,318.75 |
| Fibonacci | 10,093.41 | 10,402.19 | 10,592.96 | 10,901.75 | 11,210.53 | 11,401.30 | 11,710.09 |
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): | 67.39 | |
| MACD (12,26,9): | 29.8700 | |
| Directional Movement: | 17.81 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 11,474.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,483.20 | |
| Elder Ray (13): | 16.28 | |
| Super Trend (3,10): | 11,408.98 | |
| Zig ZAG (10): | 11,467.20 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 84.31 | |
| TEMA (21): | 11,482.59 | |
| Williams %R (14): | -19.06 | |
| Chande Momentum Oscillator (20): | 65.80 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.23 |
| MA7: | 11,385.77 | |
| MA20: | 11,166.45 | |
| MA50: | 11,074.38 | |
| MA100: | 11,103.09 | |
| MAexp7: | 11,464.88 | |
| MAexp20: | 11,435.54 | |
| MAexp50: | 11,384.22 | |
| MAexp100: | 11,301.75 | |
| Price / MA7: | +0.65% | |
| Price / MA20: | +2.62% | |
| Price / MA50: | +3.48% | |
| Price / MA100: | +3.21% | |
| Price / MAexp7: | -0.05% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.66% | |
| Price / MAexp100: | +1.40% |
Quotes :
-
15 min delayed data
-
Switzerland Indices
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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