SMI20 FULL0624 - 1H - Technical analysis published on 07/17/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 10,336.00 CHF
My targets
10,434.00 CHF (+0.48%)
10,504.00 CHF (+1.16%)
My analysis
The basic bullish trend is very strong on SMI20 FULL0920 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 10,336.00 CHF. Crossing the first resistance at 10,434.00 CHF would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 10,504.00 CHF as an objective. Crossing it would then enable buyers to target 10,792.00 CHF. Caution, a return to below 10,336.00 CHF would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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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 FULL0920 rating is 10,384.00 CHF. The price is lower by -0.14% since the last closing and was between 10,348.00 CHF and 10,440.00 CHF. This implies that the price is at +0.35% from its lowest and at -0.54% from its highest.10,348.00
10,440.00
10,384.00
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 FULL0920:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SMI20 FULL0920 chart shows a strongly bullish trend. The signals given by moving averages are 82.14% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
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 | 10,065.00 | 10,241.40 | 10,336.00 | 10,384.00 | 10,434.00 | 10,504.00 | 10,792.00 |
| Change (%) | -3.07% | -1.37% | -0.46% | - | +0.48% | +1.16% | +3.93% |
| Change | -319.00 | -142.60 | -48.00 | - | +50.00 | +120.00 | +408.00 |
| Level | Major | Intermediate | Minor | - | Minor | Major | 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 | 10,248.00 | 10,292.00 | 10,345.00 | 10,389.00 | 10,442.00 | 10,486.00 | 10,539.00 |
| Camarilla | 10,371.33 | 10,380.22 | 10,389.11 | 10,398.00 | 10,406.89 | 10,415.78 | 10,424.68 |
| Woodie | 10,252.50 | 10,294.25 | 10,349.50 | 10,391.25 | 10,446.50 | 10,488.25 | 10,543.50 |
| Fibonacci | 10,292.00 | 10,329.05 | 10,351.95 | 10,389.00 | 10,426.05 | 10,448.95 | 10,486.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,921.00 | 9,988.00 | 10,114.00 | 10,181.00 | 10,307.00 | 10,374.00 | 10,500.00 |
| Camarilla | 10,186.93 | 10,204.62 | 10,222.31 | 10,240.00 | 10,257.69 | 10,275.38 | 10,293.08 |
| Woodie | 9,950.50 | 10,002.75 | 10,143.50 | 10,195.75 | 10,336.50 | 10,388.75 | 10,529.50 |
| Fibonacci | 9,988.00 | 10,061.73 | 10,107.27 | 10,181.00 | 10,254.73 | 10,300.27 | 10,374.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8,899.33 | 9,236.67 | 9,626.33 | 9,963.67 | 10,353.33 | 10,690.67 | 11,080.33 |
| Camarilla | 9,816.08 | 9,882.72 | 9,949.36 | 10,016.00 | 10,082.64 | 10,149.28 | 10,215.93 |
| Woodie | 8,925.50 | 9,249.75 | 9,652.50 | 9,976.75 | 10,379.50 | 10,703.75 | 11,106.50 |
| Fibonacci | 9,236.67 | 9,514.38 | 9,685.95 | 9,963.67 | 10,241.38 | 10,412.95 | 10,690.67 |
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): | 52.21 | |
| MACD (12,26,9): | 13.0400 | |
| Directional Movement: | 2.21 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 10,405.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,438.16 | |
| Elder Ray (13): | -6.45 | |
| Super Trend (3,10): | 10,326.30 | |
| Zig ZAG (10): | 10,383.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 31.96 | |
| TEMA (21): | 10,390.93 | |
| Williams %R (14): | -61.96 | |
| Chande Momentum Oscillator (20): | 5.00 | |
| Repulse (5,40,3): | -0.2200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.27 |
| MA7: | 10,301.86 | |
| MA20: | 10,175.35 | |
| MA50: | 9,966.34 | |
| MA100: | 9,572.50 | |
| MAexp7: | 10,385.33 | |
| MAexp20: | 10,383.39 | |
| MAexp50: | 10,339.87 | |
| MAexp100: | 10,282.65 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +2.05% | |
| Price / MA50: | +4.19% | |
| Price / MA100: | +8.48% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | +0.43% | |
| Price / MAexp100: | +0.99% |
Quotes :
2020-07-17 10:12:18
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15 min delayed data
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EUREX Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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