SMI20 FULL0624 - Daily - Technical analysis published on 09/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Slightly bullish
Technical indicators
22%
28%
50%
My opinion
Neutral between 10,065.00 CHF and 10,468.00 CHF
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 10,065.00 CHF. The first resistance is located at 10,468.00 CHF. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by SMI20 FULL1220.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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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 FULL1220 rating is 10,194.00 CHF. On the day, this instrument lost -1.18% and was between 10,156.00 CHF and 10,234.00 CHF. This implies that the price is at +0.37% from its lowest and at -0.39% from its highest.10,156.00
10,234.00
10,194.00
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SMI20 FULL1220:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SMI20 FULL1220 chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently given by short-term moving averages indicate that the overall trend could be reversed. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8,818.14 | 9,525.00 | 10,065.00 | 10,194.00 | 10,468.00 | 10,792.00 | 11,190.00 |
| Change (%) | -13.50% | -6.56% | -1.27% | - | +2.69% | +5.87% | +9.77% |
| Change | -1,375.86 | -669.00 | -129.00 | - | +274.00 | +598.00 | +996.00 |
| Level | Minor | Major | Major | - | Major | 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 | 9,996.33 | 10,094.67 | 10,205.33 | 10,303.67 | 10,414.33 | 10,512.67 | 10,623.33 |
| Camarilla | 10,258.53 | 10,277.68 | 10,296.84 | 10,316.00 | 10,335.16 | 10,354.32 | 10,373.48 |
| Woodie | 10,002.50 | 10,097.75 | 10,211.50 | 10,306.75 | 10,420.50 | 10,515.75 | 10,629.50 |
| Fibonacci | 10,094.67 | 10,174.51 | 10,223.83 | 10,303.67 | 10,383.51 | 10,432.83 | 10,512.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,163.00 | 10,261.00 | 10,343.00 | 10,441.00 | 10,523.00 | 10,621.00 | 10,703.00 |
| Camarilla | 10,375.50 | 10,392.00 | 10,408.50 | 10,425.00 | 10,441.50 | 10,458.00 | 10,474.50 |
| Woodie | 10,155.00 | 10,257.00 | 10,335.00 | 10,437.00 | 10,515.00 | 10,617.00 | 10,695.00 |
| Fibonacci | 10,261.00 | 10,329.76 | 10,372.24 | 10,441.00 | 10,509.76 | 10,552.24 | 10,621.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,551.00 | 9,747.00 | 9,916.00 | 10,112.00 | 10,281.00 | 10,477.00 | 10,646.00 |
| Camarilla | 9,984.63 | 10,018.08 | 10,051.54 | 10,085.00 | 10,118.46 | 10,151.92 | 10,185.38 |
| Woodie | 9,537.50 | 9,740.25 | 9,902.50 | 10,105.25 | 10,267.50 | 10,470.25 | 10,632.50 |
| Fibonacci | 9,747.00 | 9,886.43 | 9,972.57 | 10,112.00 | 10,251.43 | 10,337.57 | 10,477.00 |
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): | 45.40 | |
| MACD (12,26,9): | 34.0400 | |
| Directional Movement: | -7.61 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 10,349.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,546.78 | |
| Elder Ray (13): | -120.56 | |
| Super Trend (3,10): | 10,506.99 | |
| Zig ZAG (10): | 10,189.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 42.07 | |
| TEMA (21): | 10,349.55 | |
| Williams %R (14): | -79.52 | |
| Chande Momentum Oscillator (20): | 24.00 | |
| Repulse (5,40,3): | -0.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.50 |
| MA7: | 10,358.57 | |
| MA20: | 10,293.80 | |
| MA50: | 10,226.16 | |
| MA100: | 10,066.47 | |
| MAexp7: | 10,311.45 | |
| MAexp20: | 10,299.23 | |
| MAexp50: | 10,215.29 | |
| MAexp100: | 10,084.89 | |
| Price / MA7: | -1.59% | |
| Price / MA20: | -0.97% | |
| Price / MA50: | -0.31% | |
| Price / MA100: | +1.27% | |
| Price / MAexp7: | -1.14% | |
| Price / MAexp20: | -1.02% | |
| Price / MAexp50: | -0.21% | |
| Price / MAexp100: | +1.08% |
Quotes :
2020-09-24 12:18:42
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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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