SMI20 INDEX - Daily - Technical analysis published on 04/02/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 9,556.62 EUR
My targets
8,813.23 EUR (-3.88%)
8,195.64 EUR (-10.62%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SMI20 INDEX. As long as you are under the resistance located at 9,556.62 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 8,813.23 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 8,195.64 EUR as an objective. Crossing it would then enable sellers to target 7,593.46 EUR. If the resistance 9,556.62 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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
0
10
1.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SMI20 INDEX price is 9,168.98 EUR. On the day, this instrument lost -1.54% and was traded between 9,036.73 EUR and 9,311.92 EUR over the period. The price is currently at +1.46% from its lowest and -1.54% from its highest.9,036.73
9,311.92
9,168.98
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SMI20 INDEX:
Technical
Technical analysis of this Daily chart of SMI20 INDEX indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 7,593.46 | 8,195.64 | 8,813.23 | 9,168.98 | 9,192.85 | 9,556.62 | 10,077.20 |
| Change (%) | -17.18% | -10.62% | -3.88% | - | +0.26% | +4.23% | +9.91% |
| Change | -1,575.52 | -973.34 | -355.75 | - | +23.87 | +387.64 | +908.22 |
| Level | Minor | Major | Intermediate | - | Major | Major | Intermediate |
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 | 8,520.37 | 8,694.21 | 8,845.29 | 9,019.13 | 9,170.21 | 9,344.05 | 9,495.13 |
| Camarilla | 8,907.02 | 8,936.80 | 8,966.59 | 8,996.37 | 9,026.16 | 9,055.94 | 9,085.72 |
| Woodie | 8,508.99 | 8,688.52 | 8,833.91 | 9,013.44 | 9,158.83 | 9,338.36 | 9,483.75 |
| Fibonacci | 8,694.21 | 8,818.33 | 8,895.01 | 9,019.13 | 9,143.25 | 9,219.93 | 9,344.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6,266.85 | 6,958.54 | 7,791.20 | 8,482.89 | 9,315.55 | 10,007.24 | 10,839.90 |
| Camarilla | 8,204.66 | 8,344.40 | 8,484.13 | 8,623.86 | 8,763.59 | 8,903.32 | 9,043.06 |
| Woodie | 6,337.34 | 6,993.78 | 7,861.69 | 8,518.13 | 9,386.04 | 10,042.48 | 10,910.39 |
| Fibonacci | 6,958.54 | 7,540.84 | 7,900.59 | 8,482.89 | 9,065.19 | 9,424.94 | 10,007.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7,736.22 | 8,730.77 | 9,280.90 | 10,275.45 | 10,825.58 | 11,820.13 | 12,370.26 |
| Camarilla | 9,406.24 | 9,547.84 | 9,689.43 | 9,831.03 | 9,972.63 | 10,114.22 | 10,255.82 |
| Woodie | 7,514.01 | 8,619.67 | 9,058.69 | 10,164.35 | 10,603.37 | 11,709.03 | 12,148.05 |
| Fibonacci | 8,730.77 | 9,320.84 | 9,685.38 | 10,275.45 | 10,865.52 | 11,230.06 | 11,820.13 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.82 | |
| MACD (12,26,9): | -347.8300 | |
| Directional Movement: | -9.19 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 8,607.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 8,051.00 | |
| Elder Ray (13): | 65.27 | |
| Super Trend (3,10): | 9,381.48 | |
| Zig ZAG (10): | 9,174.39 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 77.60 | |
| TEMA (21): | 8,590.99 | |
| Williams %R (14): | -11.58 | |
| Chande Momentum Oscillator (20): | 903.95 | |
| Repulse (5,40,3): | 5.5200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7300 | |
| Courbe Coppock: | 10.37 |
| MA7: | 8,840.27 | |
| MA20: | 9,006.26 | |
| MA50: | 10,094.44 | |
| MA100: | 10,292.25 | |
| MAexp7: | 8,939.70 | |
| MAexp20: | 9,126.41 | |
| MAexp50: | 9,725.29 | |
| MAexp100: | 10,012.70 | |
| Price / MA7: | +3.72% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | -9.17% | |
| Price / MA100: | -10.91% | |
| Price / MAexp7: | +2.56% | |
| Price / MAexp20: | +0.47% | |
| Price / MAexp50: | -5.72% | |
| Price / MAexp100: | -8.43% |
This member declared not having a position on this financial instrument or a related financial instrument.
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