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 07/04/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

50%

44%

My opinion

Bearish under 12,067.84 EUR

My targets

11,955.08 EUR (-0.44%)

11,920.09 EUR (-0.73%)

My analysis

The bearish basic trend is very strong on SMI20 INDEX but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 12,067.84 EUR. Crossing the first support at 11,955.08 EUR would be a sign of a further potential price plummet. Sellers would then use the next support located at 11,920.09 EUR as an objective. Crossing it would then enable sellers to target 11,791.55 EUR. Caution, a return to above the resistance located at 12,067.84 EUR would be a sign of a possible consolidation phase of the short-term basic trend. 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.6

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 12,007.78 EUR. The price is lower by -0.09% since the last closing with the lowest point at 11,988.30 EUR and the highest point at 12,026.83 EUR. The deviation from the price is +0.16% for the low point and -0.16% for the high point.

11,988.30

12,026.83

12,007.78

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of SMI20 INDEX indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,920.09	11,955.08	11,986.26	12,007.78	12,067.84	12,129.14	12,159.69
Change (%)	-0.73%	-0.44%	-0.18%	-	+0.50%	+1.01%	+1.27%
Change	-87.69	-52.70	-21.52	-	+60.06	+121.36	+151.91
Level	Minor	Minor	Intermediate	-	Intermediate	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	11,915.96	11,955.98	11,987.14	12,027.16	12,058.32	12,098.34	12,129.50
Camarilla	11,998.73	12,005.25	12,011.78	12,018.30	12,024.83	12,031.35	12,037.88
Woodie	11,911.53	11,953.77	11,982.71	12,024.95	12,053.89	12,096.13	12,125.07
Fibonacci	11,955.98	11,983.17	11,999.97	12,027.16	12,054.35	12,071.15	12,098.34

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,722.13	11,851.16	11,922.50	12,051.53	12,122.87	12,251.90	12,323.24
Camarilla	11,938.73	11,957.10	11,975.46	11,993.83	12,012.20	12,030.57	12,048.93
Woodie	11,693.28	11,836.74	11,893.65	12,037.11	12,094.02	12,237.48	12,294.39
Fibonacci	11,851.16	11,927.71	11,974.99	12,051.53	12,128.08	12,175.36	12,251.90

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,527.45	11,741.26	11,867.55	12,081.36	12,207.65	12,421.46	12,547.75
Camarilla	11,900.30	11,931.48	11,962.65	11,993.83	12,025.01	12,056.18	12,087.36
Woodie	11,483.68	11,719.38	11,823.78	12,059.48	12,163.88	12,399.58	12,503.98
Fibonacci	11,741.26	11,871.18	11,951.45	12,081.36	12,211.28	12,291.55	12,421.46

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):	48.30
MACD (12,26,9):	2.3200
Directional Movement:	-2.49
AROON (14):	64.29
DEMA (21):	12,017.94
Parabolic SAR (0,02-0,02-0,2):	11,965.34
Elder Ray (13):	-11.71
Super Trend (3,10):	11,960.72
Zig ZAG (10):	12,011.20
VORTEX (21):	1.0200
Stochastique (14,3,5):	64.51
TEMA (21):	12,026.82
Williams %R (14):	-41.56
Chande Momentum Oscillator (20):	31.80
Repulse (5,40,3):	0.0100
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.97

MA7:	12,014.63
MA20:	12,068.70
MA50:	11,865.47
MA100:	11,676.48
MAexp7:	12,022.19
MAexp20:	12,017.38
MAexp50:	12,024.48
MAexp100:	12,034.73
Price / MA7:	-0.06%
Price / MA20:	-0.50%
Price / MA50:	+1.20%
Price / MA100:	+2.84%
Price / MAexp7:	-0.12%
Price / MAexp20:	-0.08%
Price / MAexp50:	-0.14%
Price / MAexp100:	-0.22%

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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