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 08/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 12,230.71 EUR

My targets

12,536.98 EUR (+1.56%)

12,970.53 EUR (+5.07%)

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 12,230.71 EUR. The buyers' bullish objective is set at 12,536.98 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,970.53 EUR. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.2

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 rating is 12,344.92 EUR. The price is lower by -0.02% since the last closing and was traded between 12,332.80 EUR and 12,363.53 EUR over the period. The price is currently at +0.10% from its lowest and -0.15% from its highest.

12,332.80

12,363.53

12,344.92

A study of price movements over other periods shows the following variations:

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

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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

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

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	11,791.55	11,993.83	12,230.71	12,344.92	12,365.18	12,536.98	12,970.53
Change (%)	-4.48%	-2.84%	-0.93%	-	+0.16%	+1.56%	+5.07%
Change	-553.37	-351.09	-114.21	-	+20.26	+192.06	+625.61
Level	Minor	Intermediate	Major	-	Major	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	12,153.21	12,193.87	12,270.66	12,311.32	12,388.11	12,428.77	12,505.56
Camarilla	12,315.16	12,325.93	12,336.69	12,347.46	12,358.23	12,368.99	12,379.76
Woodie	12,171.29	12,202.90	12,288.74	12,320.35	12,406.19	12,437.80	12,523.64
Fibonacci	12,193.87	12,238.73	12,266.45	12,311.32	12,356.18	12,383.90	12,428.77

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12,041.43	12,104.44	12,225.95	12,288.96	12,410.47	12,473.48	12,594.99
Camarilla	12,296.72	12,313.63	12,330.55	12,347.46	12,364.37	12,381.29	12,398.20
Woodie	12,070.68	12,119.07	12,255.20	12,303.59	12,439.72	12,488.11	12,624.24
Fibonacci	12,104.44	12,174.93	12,218.47	12,288.96	12,359.45	12,402.99	12,473.48

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11,499.74	11,709.91	12,013.68	12,223.85	12,527.62	12,737.79	13,041.56
Camarilla	12,176.11	12,223.22	12,270.33	12,317.44	12,364.55	12,411.66	12,458.77
Woodie	11,546.53	11,733.31	12,060.47	12,247.25	12,574.41	12,761.19	13,088.35
Fibonacci	11,709.91	11,906.24	12,027.53	12,223.85	12,420.18	12,541.47	12,737.79

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):	62.48
MACD (12,26,9):	19.1500
Directional Movement:	9.52
AROON (14):	71.43
DEMA (21):	12,337.02
Parabolic SAR (0,02-0,02-0,2):	12,248.43
Elder Ray (13):	30.82
Super Trend (3,10):	12,265.64
Zig ZAG (10):	12,346.60
VORTEX (21):	1.2000
Stochastique (14,3,5):	90.03
TEMA (21):	12,332.82
Williams %R (14):	-10.47
Chande Momentum Oscillator (20):	28.40
Repulse (5,40,3):	0.1700
ROCnROLL:	1
TRIX (15,9):	0.0200
Courbe Coppock:	0.25

MA7:	12,283.09
MA20:	12,064.21
MA50:	12,104.73
MA100:	11,897.79
MAexp7:	12,331.48
MAexp20:	12,311.52
MAexp50:	12,258.29
MAexp100:	12,175.85
Price / MA7:	+0.50%
Price / MA20:	+2.33%
Price / MA50:	+1.98%
Price / MA100:	+3.76%
Price / MAexp7:	+0.11%
Price / MAexp20:	+0.27%
Price / MAexp50:	+0.71%
Price / MAexp100:	+1.39%

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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