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 - 1H - Technical analysis published on 06/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

22%

28%

My opinion

Bullish above 11,790.46 EUR

My targets

12,049.51 EUR (+0.40%)

12,159.69 EUR (+1.32%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SMI20 INDEX as long as the price remains well above 11,790.46 EUR. The buyers' bullish objective is set at 12,049.51 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,159.69 EUR. If there is any crossing, the next objective would be the resistance located at 12,536.98 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.

Force

6.6

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

SMI20 INDEX rating 12,001.54 EUR. The price registered a decrease of -0.05% on the session and was traded between 11,990.17 EUR and 12,015.55 EUR over the period. The price is currently at +0.09% from its lowest and -0.12% from its highest.

11,990.17

12,015.55

12,001.54

The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:

The study of the highest / lowest by the Central Records scanner shows the following results:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this SMI20 INDEX chart shows a strongly bullish trend. 89.29% 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. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,381.81	11,595.25	11,790.46	12,001.54	12,049.51	12,159.69	12,536.98
Change (%)	-5.16%	-3.39%	-1.76%	-	+0.40%	+1.32%	+4.46%
Change	-619.73	-406.29	-211.08	-	+47.97	+158.15	+535.44
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Intermediate

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	11,851.53	11,914.33	11,960.68	12,023.48	12,069.83	12,132.63	12,178.98
Camarilla	11,977.02	11,987.03	11,997.04	12,007.04	12,017.05	12,027.05	12,037.06
Woodie	11,843.32	11,910.22	11,952.47	12,019.37	12,061.62	12,128.52	12,170.77
Fibonacci	11,914.33	11,956.02	11,981.78	12,023.48	12,065.17	12,090.93	12,132.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,604.25	11,688.07	11,844.46	11,928.28	12,084.67	12,168.49	12,324.88
Camarilla	11,934.80	11,956.82	11,978.84	12,000.86	12,022.88	12,044.90	12,066.92
Woodie	11,640.55	11,706.21	11,880.76	11,946.42	12,120.97	12,186.63	12,361.18
Fibonacci	11,688.07	11,779.83	11,836.52	11,928.28	12,020.04	12,076.73	12,168.49

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10,581.39	10,885.05	11,442.96	11,746.62	12,304.53	12,608.19	13,166.10
Camarilla	11,763.93	11,842.91	11,921.88	12,000.86	12,079.84	12,158.82	12,237.79
Woodie	10,708.51	10,948.61	11,570.08	11,810.18	12,431.65	12,671.75	13,293.22
Fibonacci	10,885.05	11,214.17	11,417.50	11,746.62	12,075.74	12,279.07	12,608.19

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):	60.91
MACD (12,26,9):	35.1700
Directional Movement:	14.02
AROON (14):	35.71
DEMA (21):	12,023.06
Parabolic SAR (0,02-0,02-0,2):	12,069.72
Elder Ray (13):	12.82
Super Trend (3,10):	11,944.20
Zig ZAG (10):	12,001.50
VORTEX (21):	1.2400
Stochastique (14,3,5):	39.37
TEMA (21):	12,039.15
Williams %R (14):	-67.87
Chande Momentum Oscillator (20):	23.50
Repulse (5,40,3):	-0.2000
ROCnROLL:	-1
TRIX (15,9):	0.0500
Courbe Coppock:	1.21

MA7:	11,925.99
MA20:	11,849.28
MA50:	11,614.22
MA100:	11,491.90
MAexp7:	12,004.27
MAexp20:	11,976.70
MAexp50:	11,935.45
MAexp100:	11,893.31
Price / MA7:	+0.63%
Price / MA20:	+1.28%
Price / MA50:	+3.33%
Price / MA100:	+4.43%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.55%
Price / MAexp100:	+0.91%

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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