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 07/09/2024 (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%

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

3.2

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 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:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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

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 - Switzerland Indices

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

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