SMI20 INDEX - 1H - Technical analysis published on 07/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
11%
44%
44%
My opinion
Bearish under 12,111.63 EUR
My targets
11,981.37 EUR (-0.57%)
11,920.09 EUR (-1.08%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade SMI20 INDEX with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 12,111.63 EUR. The next bearish objective for sellers is set at 11,981.37 EUR. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11,920.09 EUR. In case of crossing, the next objective would be the support located at 11,791.55 EUR. In the event of a bullish break in the resistance located at 12,111.63 EUR a certain indecision would take hold.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
3.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SMI20 INDEX price is 12,050.31 EUR. The price is lower by -0.01% since the last closing with the lowest point at 12,011.45 EUR and the highest point at 12,151.28 EUR. The deviation from the price is +0.32% for the low point and -0.83% for the high point.12,011.45
12,151.28
12,050.31
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
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:
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
A technical analysis in 1H of this SMI20 INDEX chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back over the pivot point
Type : Bullish
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,920.09 | 11,981.37 | 12,031.96 | 12,050.31 | 12,068.84 | 12,111.63 | 12,182.26 |
| Change (%) | -1.08% | -0.57% | -0.15% | - | +0.15% | +0.51% | +1.09% |
| Change | -130.22 | -68.94 | -18.35 | - | +18.53 | +61.32 | +131.95 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,853.71 | 11,917.03 | 11,984.35 | 12,047.67 | 12,114.99 | 12,178.31 | 12,245.63 |
| Camarilla | 12,015.73 | 12,027.71 | 12,039.69 | 12,051.66 | 12,063.64 | 12,075.61 | 12,087.59 |
| Woodie | 11,855.70 | 11,918.03 | 11,986.34 | 12,048.67 | 12,116.98 | 12,179.31 | 12,247.62 |
| Fibonacci | 11,917.03 | 11,966.94 | 11,997.77 | 12,047.67 | 12,097.58 | 12,128.41 | 12,178.31 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,722.07 | 11,821.08 | 11,913.61 | 12,012.62 | 12,105.15 | 12,204.16 | 12,296.69 |
| Camarilla | 11,953.47 | 11,971.02 | 11,988.58 | 12,006.14 | 12,023.70 | 12,041.26 | 12,058.81 |
| Woodie | 11,718.83 | 11,819.46 | 11,910.37 | 12,011.00 | 12,101.91 | 12,202.54 | 12,293.45 |
| Fibonacci | 11,821.08 | 11,894.25 | 11,939.45 | 12,012.62 | 12,085.79 | 12,130.99 | 12,204.16 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.75 | |
| MACD (12,26,9): | 5.5800 | |
| Directional Movement: | -12.99 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 12,087.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,149.27 | |
| Elder Ray (13): | -28.89 | |
| Super Trend (3,10): | 12,037.59 | |
| Zig ZAG (10): | 12,046.90 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 32.00 | |
| TEMA (21): | 12,083.99 | |
| Williams %R (14): | -74.03 | |
| Chande Momentum Oscillator (20): | -48.20 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.56 |
| MA7: | 12,036.33 | |
| MA20: | 12,053.72 | |
| MA50: | 11,906.73 | |
| MA100: | 11,703.99 | |
| MAexp7: | 12,076.33 | |
| MAexp20: | 12,078.00 | |
| MAexp50: | 12,064.06 | |
| MAexp100: | 12,057.08 | |
| Price / MA7: | +0.12% | |
| Price / MA20: | -0.03% | |
| Price / MA50: | +1.21% | |
| Price / MA100: | +2.96% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.23% | |
| Price / MAexp50: | -0.11% | |
| Price / MAexp100: | -0.06% |
Quotes :
-
15 min delayed data
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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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