SMI20 INDEX

- EUR (-)

- 15 min delayed data - Switzerland Indices

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Indices
Ticker:	SMI
ISIN:	CH0009980894

SMI20 INDEX - Daily - Technical analysis published on 08/24/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 11,134.30 EUR

My targets

10,659.20 EUR (-2.84%)

10,495.20 EUR (-4.33%)

My analysis

The bearish trend is currently very strong for SMI20 INDEX. As long as the price remains below the resistance at 11,134.30 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 10,659.20 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 10,495.20 EUR as an objective. Crossing it would then enable sellers to target 10,065.20 EUR. 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The SMI20 INDEX price is 10,970.76 EUR. On the day, this instrument lost -0.03% and was between 10,966.71 EUR and 11,054.89 EUR. This implies that the price is at +0.04% from its lowest and at -0.76% from its highest.

10,966.71

11,054.89

10,970.76

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of SMI20 INDEX indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong 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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10,495.20	10,659.20	10,874.90	10,970.76	11,134.30	11,263.00	11,437.30
Change (%)	-4.33%	-2.84%	-0.87%	-	+1.49%	+2.66%	+4.25%
Change	-475.56	-311.56	-95.86	-	+163.54	+292.24	+466.54
Level	Major	Minor	Major	-	Intermediate	Major	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	10,828.90	10,877.01	10,925.33	10,973.44	11,021.76	11,069.87	11,118.19
Camarilla	10,947.12	10,955.96	10,964.80	10,973.64	10,982.48	10,991.32	11,000.16
Woodie	10,829.00	10,877.06	10,925.43	10,973.49	11,021.86	11,069.92	11,118.29
Fibonacci	10,877.01	10,913.85	10,936.61	10,973.44	11,010.28	11,033.04	11,069.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,307.34	10,528.36	10,683.71	10,904.73	11,060.08	11,281.10	11,436.45
Camarilla	10,735.56	10,770.06	10,804.56	10,839.06	10,873.56	10,908.06	10,942.56
Woodie	10,274.51	10,511.94	10,650.88	10,888.31	11,027.25	11,264.68	11,403.62
Fibonacci	10,528.36	10,672.13	10,760.96	10,904.73	11,048.50	11,137.33	11,281.10

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,426.58	10,639.21	10,974.23	11,186.86	11,521.88	11,734.51	12,069.53
Camarilla	11,158.65	11,208.85	11,259.05	11,309.25	11,359.45	11,409.65	11,459.85
Woodie	10,487.78	10,669.81	11,035.43	11,217.46	11,583.08	11,765.11	12,130.73
Fibonacci	10,639.21	10,848.41	10,977.66	11,186.86	11,396.06	11,525.31	11,734.51

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):	44.65
MACD (12,26,9):	-67.1400
Directional Movement:	-8.20
AROON (14):	-42.86
DEMA (21):	10,938.10
Parabolic SAR (0,02-0,02-0,2):	11,137.29
Elder Ray (13):	27.63
Super Trend (3,10):	11,125.54
Zig ZAG (10):	10,970.40
VORTEX (21):	0.8400
Stochastique (14,3,5):	43.23
TEMA (21):	10,904.74
Williams %R (14):	-50.13
Chande Momentum Oscillator (20):	-88.60
Repulse (5,40,3):	-1.1200
ROCnROLL:	2
TRIX (15,9):	-0.0700
Courbe Coppock:	4.35

MA7:	10,911.97
MA20:	11,067.86
MA50:	11,115.93
MA100:	11,244.24
MAexp7:	10,944.82
MAexp20:	11,020.27
MAexp50:	11,108.35
MAexp100:	11,143.75
Price / MA7:	+0.54%
Price / MA20:	-0.88%
Price / MA50:	-1.31%
Price / MA100:	-2.43%
Price / MAexp7:	+0.24%
Price / MAexp20:	-0.45%
Price / MAexp50:	-1.24%
Price / MAexp100:	-1.55%

Quotes : - 15 min delayed data - Switzerland Indices

This member declared not having a position on this financial instrument or a related financial instrument.

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