ROCHE I - 1H - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 238.4 CHF
My targets
231.6 CHF (-1.45%)
229.4 CHF (-2.38%)
My analysis
ROCHE I is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 238.4 CHF. The next support located at 231.6 CHF is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 229.4 CHF. Below this support, sellers could then target 211.6 CHF. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
0
10
7.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ROCHE I price is 235.0 CHF. On the day, this instrument lost -0.76% and was between 235.0 CHF and 237.0 CHF. This implies that the price is at 0% from its lowest and at -0.84% from its highest.235.0
237.0
235.0
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 LOW record (5 years)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of ROCHE I indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 211.6 | 229.4 | 231.6 | 235.0 | 235.8 | 238.4 | 244.2 |
| Change (%) | -9.96% | -2.38% | -1.45% | - | +0.34% | +1.45% | +3.91% |
| Change | -23.4 | -5.6 | -3.4 | - | +0.8 | +3.4 | +9.2 |
| Level | Major | Minor | Intermediate | - | Intermediate | Minor | 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 | 232.3 | 233.9 | 235.3 | 236.9 | 238.3 | 239.9 | 241.3 |
| Camarilla | 236.0 | 236.3 | 236.5 | 236.8 | 237.1 | 237.4 | 237.6 |
| Woodie | 232.3 | 233.9 | 235.3 | 236.9 | 238.3 | 239.9 | 241.3 |
| Fibonacci | 233.9 | 235.0 | 235.7 | 236.9 | 238.0 | 238.7 | 239.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 216.3 | 222.9 | 232.3 | 238.9 | 248.3 | 254.9 | 264.3 |
| Camarilla | 237.4 | 238.9 | 240.3 | 241.8 | 243.3 | 244.7 | 246.2 |
| Woodie | 217.8 | 223.6 | 233.8 | 239.6 | 249.8 | 255.6 | 265.8 |
| Fibonacci | 222.9 | 229.0 | 232.8 | 238.9 | 245.0 | 248.8 | 254.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 208.9 | 222.3 | 232.7 | 246.1 | 256.5 | 269.9 | 280.3 |
| Camarilla | 236.5 | 238.6 | 240.8 | 243.0 | 245.2 | 247.4 | 249.6 |
| Woodie | 207.3 | 221.6 | 231.1 | 245.4 | 254.9 | 269.2 | 278.7 |
| Fibonacci | 222.3 | 231.4 | 237.0 | 246.1 | 255.2 | 260.8 | 269.9 |
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): | 39.20 | |
| MACD (12,26,9): | -0.7000 | |
| Directional Movement: | -12.7 | |
| AROON (14): | -64.3 | |
| DEMA (21): | 236.6 | |
| Parabolic SAR (0,02-0,02-0,2): | 238.8 | |
| Elder Ray (13): | -0.6 | |
| Super Trend (3,10): | 239.6 | |
| Zig ZAG (10): | 236.4 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 29.60 | |
| TEMA (21): | 236.3 | |
| Williams %R (14): | -77.80 | |
| Chande Momentum Oscillator (20): | -1.6 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.50 |
| MA7: | 239.4 | |
| MA20: | 238.6 | |
| MA50: | 243.0 | |
| MA100: | 252.4 | |
| MAexp7: | 236.8 | |
| MAexp20: | 237.6 | |
| MAexp50: | 238.6 | |
| MAexp100: | 239.1 | |
| Price / MA7: | -1.84% | |
| Price / MA20: | -1.51% | |
| Price / MA50: | -3.29% | |
| Price / MA100: | -6.89% | |
| Price / MAexp7: | -0.76% | |
| Price / MAexp20: | -1.09% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | -1.71% |
Quotes :
-
15 min delayed data
-
Switzerland SWX Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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