SMI20 INDEX - 1H - Technical analysis published on 11/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 11,595.25 EUR
My targets
11,792.26 EUR (+0.73%)
11,993.83 EUR (+2.45%)
My analysis
SMI20 INDEX is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 11,595.25 EUR. The next resistance located at 11,792.26 EUR is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 11,993.83 EUR. After this resistance, buyers could then target 12,122.20 EUR.
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
0
10
6.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SMI20 INDEX rating 11,707.18 EUR. On the day, this instrument lost -0.02% and was between 11,658.09 EUR and 11,727.46 EUR. This implies that the price is at +0.42% from its lowest and at -0.17% from its highest.11,658.09
11,727.46
11,707.18
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,428.87 | 11,496.62 | 11,595.25 | 11,707.18 | 11,708.99 | 11,792.26 | 11,993.83 |
| Change (%) | -2.38% | -1.80% | -0.96% | - | +0.02% | +0.73% | +2.45% |
| Change | -278.31 | -210.56 | -111.93 | - | +1.81 | +85.08 | +286.65 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | 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 | 11,582.35 | 11,613.48 | 11,661.64 | 11,692.77 | 11,740.93 | 11,772.06 | 11,820.22 |
| Camarilla | 11,688.00 | 11,695.26 | 11,702.53 | 11,709.80 | 11,717.07 | 11,724.34 | 11,731.61 |
| Woodie | 11,590.87 | 11,617.74 | 11,670.16 | 11,697.03 | 11,749.45 | 11,776.32 | 11,828.74 |
| Fibonacci | 11,613.48 | 11,643.77 | 11,662.48 | 11,692.77 | 11,723.06 | 11,741.77 | 11,772.06 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,179.62 | 11,304.25 | 11,510.37 | 11,635.00 | 11,841.12 | 11,965.75 | 12,171.87 |
| Camarilla | 11,625.54 | 11,655.86 | 11,686.18 | 11,716.50 | 11,746.82 | 11,777.14 | 11,807.46 |
| Woodie | 11,220.38 | 11,324.62 | 11,551.13 | 11,655.37 | 11,881.88 | 11,986.12 | 12,212.63 |
| Fibonacci | 11,304.25 | 11,430.59 | 11,508.65 | 11,635.00 | 11,761.34 | 11,839.40 | 11,965.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,963.77 | 11,354.53 | 11,573.73 | 11,964.49 | 12,183.69 | 12,574.45 | 12,793.65 |
| Camarilla | 11,625.18 | 11,681.09 | 11,737.01 | 11,792.92 | 11,848.83 | 11,904.75 | 11,960.66 |
| Woodie | 10,877.98 | 11,311.64 | 11,487.94 | 11,921.60 | 12,097.90 | 12,531.56 | 12,707.86 |
| Fibonacci | 11,354.53 | 11,587.54 | 11,731.49 | 11,964.49 | 12,197.50 | 12,341.45 | 12,574.45 |
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): | 55.70 | |
| MACD (12,26,9): | 11.5700 | |
| Directional Movement: | 3.24 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 11,700.68 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,724.53 | |
| Elder Ray (13): | 8.20 | |
| Super Trend (3,10): | 11,632.01 | |
| Zig ZAG (10): | 11,702.90 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 47.33 | |
| TEMA (21): | 11,704.40 | |
| Williams %R (14): | -28.35 | |
| Chande Momentum Oscillator (20): | 38.90 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.53 |
| MA7: | 11,667.49 | |
| MA20: | 11,722.62 | |
| MA50: | 11,962.36 | |
| MA100: | 12,045.22 | |
| MAexp7: | 11,693.86 | |
| MAexp20: | 11,685.34 | |
| MAexp50: | 11,669.06 | |
| MAexp100: | 11,683.79 | |
| Price / MA7: | +0.34% | |
| Price / MA20: | -0.13% | |
| Price / MA50: | -2.13% | |
| Price / MA100: | -2.81% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +0.19% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | +0.20% |
Quotes :
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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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