SWISS RE N - 1H - Technical analysis published on 05/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 102.00 CHF
My targets
105.70 CHF (+2.17%)
107.10 CHF (+3.53%)
My analysis
SWISS RE N 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 102.00 CHF. The next resistance located at 105.70 CHF is the next bullish objective 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 107.10 CHF. After this resistance, buyers could then target 108.04 CHF. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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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 SWISS RE N rating is 103.45 CHF. On the day, this instrument gained +0.93% and was traded between 102.45 CHF and 103.70 CHF over the period. The price is currently at +0.98% from its lowest and -0.24% from its highest.102.45
103.70
103.45
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SWISS RE N:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SWISS RE N 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.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 98.98 | 102.00 | 103.30 | 103.45 | 105.70 | 107.10 | 108.04 |
Change (%) | -4.32% | -1.40% | -0.14% | - | +2.17% | +3.53% | +4.44% |
Change | -4.47 | -1.45 | -0.15 | - | +2.25 | +3.65 | +4.59 |
Level | Major | Minor | Major | - | Minor | 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 | 99.85 | 100.50 | 101.50 | 102.15 | 103.15 | 103.80 | 104.80 |
Camarilla | 102.05 | 102.20 | 102.35 | 102.50 | 102.65 | 102.80 | 102.95 |
Woodie | 100.03 | 100.59 | 101.68 | 102.24 | 103.33 | 103.89 | 104.98 |
Fibonacci | 100.50 | 101.13 | 101.52 | 102.15 | 102.78 | 103.17 | 103.80 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 96.92 | 97.98 | 98.78 | 99.84 | 100.64 | 101.70 | 102.50 |
Camarilla | 99.07 | 99.24 | 99.41 | 99.58 | 99.75 | 99.92 | 100.09 |
Woodie | 96.79 | 97.92 | 98.65 | 99.78 | 100.51 | 101.64 | 102.37 |
Fibonacci | 97.98 | 98.69 | 99.13 | 99.84 | 100.55 | 100.99 | 101.70 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 71.88 | 84.30 | 92.06 | 104.48 | 112.24 | 124.66 | 132.42 |
Camarilla | 94.27 | 96.12 | 97.97 | 99.82 | 101.67 | 103.52 | 105.37 |
Woodie | 69.55 | 83.14 | 89.73 | 103.32 | 109.91 | 123.50 | 130.09 |
Fibonacci | 84.30 | 92.01 | 96.77 | 104.48 | 112.19 | 116.95 | 124.66 |
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): | 75.65 | |
MACD (12,26,9): | 0.7800 | |
Directional Movement: | 33.04 | |
AROON (14): | 85.72 | |
DEMA (21): | 103.25 | |
Parabolic SAR (0,02-0,02-0,2): | 102.78 | |
Elder Ray (13): | 0.81 | |
Super Trend (3,10): | 102.19 | |
Zig ZAG (10): | 103.40 | |
VORTEX (21): | 1.3100 | |
Stochastique (14,3,5): | 94.76 | |
TEMA (21): | 103.63 | |
Williams %R (14): | -11.76 | |
Chande Momentum Oscillator (20): | 1.75 | |
Repulse (5,40,3): | 0.2800 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1000 | |
Courbe Coppock: | 3.54 |
MA7: | 100.91 | |
MA20: | 101.23 | |
MA50: | 107.14 | |
MA100: | 102.91 | |
MAexp7: | 103.14 | |
MAexp20: | 102.27 | |
MAexp50: | 101.31 | |
MAexp100: | 101.25 | |
Price / MA7: | +2.52% | |
Price / MA20: | +2.19% | |
Price / MA50: | -3.44% | |
Price / MA100: | +0.52% | |
Price / MAexp7: | +0.30% | |
Price / MAexp20: | +1.15% | |
Price / MAexp50: | +2.11% | |
Price / MAexp100: | +2.17% |
Quotes :
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15 min delayed data
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Switzerland SWX Stocks
News
The last news published on SWISS RE N at the time of the generation of this analysis was as follows:
- Swiss Re launches Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant
- Swiss Re publishes its 2023 Financial Condition Report
- Swiss Re shareholders approve all proposals at 2024 AGM
- Swiss Re announces Group CEO transition
- New record of 142 natural catastrophes accumulates to USD 108 billion insured losses in 2023, finds Swiss Re Institute
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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