Londinia Opportunities Analyses - 05/03/2024 (GMT) SPI EXTRA INDEX - 1H
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CHF
(-)
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15 min delayed data - Switzerland Indices
| Type: | Indices |
| Ticker: | SPIEXX |
| ISIN: | CH0017811008 |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 304.13 CHF
My targets
307.82 CHF (+0.68%)
309.35 CHF (+1.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SPI EXTRA INDEX as long as the price remains well above 304.13 CHF. The buyers' bullish objective is set at 307.82 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 309.35 CHF. If there is any crossing, the next objective would be the resistance located at 311.37 CHF. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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Additional analysis
Quotes
The SPI EXTRA INDEX price is 305.74 CHF. The price has increased by +0.61% since the last closing with the lowest point at 304.55 CHF and the highest point at 305.92 CHF. The deviation from the price is +0.39% for the low point and -0.06% for the high point.304.55
305.92
305.74
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SPI EXTRA INDEX chart shows a strongly bullish trend. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
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 | 295.06 | 301.64 | 304.13 | 305.74 | 307.82 | 309.35 | 311.37 |
| Change (%) | -3.49% | -1.34% | -0.53% | - | +0.68% | +1.18% | +1.84% |
| Change | -10.68 | -4.10 | -1.61 | - | +2.08 | +3.61 | +5.63 |
| Level | Major | Intermediate | Major | - | Intermediate | Minor | Minor |
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 | 300.35 | 302.00 | 302.94 | 304.59 | 305.53 | 307.18 | 308.12 |
| Camarilla | 303.18 | 303.42 | 303.65 | 303.89 | 304.13 | 304.37 | 304.60 |
| Woodie | 300.01 | 301.82 | 302.60 | 304.41 | 305.19 | 307.00 | 307.78 |
| Fibonacci | 302.00 | 302.99 | 303.60 | 304.59 | 305.58 | 306.19 | 307.18 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 296.78 | 299.21 | 302.42 | 304.85 | 308.06 | 310.49 | 313.70 |
| Camarilla | 304.08 | 304.60 | 305.11 | 305.63 | 306.15 | 306.66 | 307.18 |
| Woodie | 297.17 | 299.41 | 302.81 | 305.05 | 308.45 | 310.69 | 314.09 |
| Fibonacci | 299.21 | 301.36 | 302.70 | 304.85 | 307.00 | 308.34 | 310.49 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 284.89 | 292.84 | 298.85 | 306.80 | 312.81 | 320.76 | 326.77 |
| Camarilla | 301.03 | 302.31 | 303.59 | 304.87 | 306.15 | 307.43 | 308.71 |
| Woodie | 283.93 | 292.36 | 297.89 | 306.32 | 311.85 | 320.28 | 325.81 |
| Fibonacci | 292.84 | 298.17 | 301.46 | 306.80 | 312.13 | 315.42 | 320.76 |
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): | 56.59 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 6.08 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 305.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 303.84 | |
| Elder Ray (13): | 0.66 | |
| Super Trend (3,10): | 304.10 | |
| Zig ZAG (10): | 305.79 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 79.22 | |
| TEMA (21): | 305.12 | |
| Williams %R (14): | -17.01 | |
| Chande Momentum Oscillator (20): | 0.47 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.24 |
| MA7: | 304.96 | |
| MA20: | 306.08 | |
| MA50: | 308.31 | |
| MA100: | 304.44 | |
| MAexp7: | 305.28 | |
| MAexp20: | 305.14 | |
| MAexp50: | 305.11 | |
| MAexp100: | 305.42 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -0.11% | |
| Price / MA50: | -0.83% | |
| Price / MA100: | +0.43% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.21% | |
| Price / MAexp100: | +0.10% |
Quotes :
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15 min delayed data
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Indices Suisse