SMI20 FULL0624 - 1H - Technical analysis published on 10/13/2020 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 10,278.10 CHF
My targets
10,402.00 CHF (+0.26%)
10,468.00 CHF (+0.90%)
My analysis
SMI20 FULL1220 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 10,278.10 CHF. The next resistance located at 10,402.00 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 10,468.00 CHF. After this resistance, buyers could then target 10,792.00 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
8.2
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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
SMI20 FULL1220 rating 10,375.00 CHF. The price registered an increase of +0.29% on the session and was between 10,299.00 CHF and 10,376.00 CHF. This implies that the price is at +0.74% from its lowest and at -0.01% from its highest.10,299.00
10,376.00
10,375.00
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this SMI20 FULL1220 chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
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 : Weekly
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10,162.20 | 10,232.00 | 10,278.10 | 10,375.00 | 10,402.00 | 10,468.00 | 10,792.00 |
| Change (%) | -2.05% | -1.38% | -0.93% | - | +0.26% | +0.90% | +4.02% |
| Change | -212.80 | -143.00 | -96.90 | - | +27.00 | +93.00 | +417.00 |
| Level | Minor | Minor | Major | - | Intermediate | Intermediate | 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 | 10,206.67 | 10,244.33 | 10,294.67 | 10,332.33 | 10,382.67 | 10,420.33 | 10,470.67 |
| Camarilla | 10,320.80 | 10,328.87 | 10,336.93 | 10,345.00 | 10,353.07 | 10,361.13 | 10,369.20 |
| Woodie | 10,213.00 | 10,247.50 | 10,301.00 | 10,335.50 | 10,389.00 | 10,423.50 | 10,477.00 |
| Fibonacci | 10,244.33 | 10,277.95 | 10,298.72 | 10,332.33 | 10,365.95 | 10,386.72 | 10,420.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,987.00 | 10,055.00 | 10,179.00 | 10,247.00 | 10,371.00 | 10,439.00 | 10,563.00 |
| Camarilla | 10,250.20 | 10,267.80 | 10,285.40 | 10,303.00 | 10,320.60 | 10,338.20 | 10,355.80 |
| Woodie | 10,015.00 | 10,069.00 | 10,207.00 | 10,261.00 | 10,399.00 | 10,453.00 | 10,591.00 |
| Fibonacci | 10,055.00 | 10,128.34 | 10,173.66 | 10,247.00 | 10,320.34 | 10,365.66 | 10,439.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9,456.33 | 9,767.67 | 9,956.33 | 10,267.67 | 10,456.33 | 10,767.67 | 10,956.33 |
| Camarilla | 10,007.50 | 10,053.33 | 10,099.17 | 10,145.00 | 10,190.83 | 10,236.67 | 10,282.50 |
| Woodie | 9,395.00 | 9,737.00 | 9,895.00 | 10,237.00 | 10,395.00 | 10,737.00 | 10,895.00 |
| Fibonacci | 9,767.67 | 9,958.67 | 10,076.67 | 10,267.67 | 10,458.67 | 10,576.67 | 10,767.67 |
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): | 64.01 | |
| MACD (12,26,9): | 20.9400 | |
| Directional Movement: | 8.36 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 10,367.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 10,300.54 | |
| Elder Ray (13): | 16.29 | |
| Super Trend (3,10): | 10,293.27 | |
| Zig ZAG (10): | 10,368.00 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 86.68 | |
| TEMA (21): | 10,368.11 | |
| Williams %R (14): | -10.39 | |
| Chande Momentum Oscillator (20): | 45.00 | |
| Repulse (5,40,3): | 0.2000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.64 |
| MA7: | 10,270.00 | |
| MA20: | 10,287.65 | |
| MA50: | 10,257.42 | |
| MA100: | 10,193.51 | |
| MAexp7: | 10,357.47 | |
| MAexp20: | 10,337.88 | |
| MAexp50: | 10,298.84 | |
| MAexp100: | 10,270.83 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | +0.85% | |
| Price / MA50: | +1.15% | |
| Price / MA100: | +1.78% | |
| Price / MAexp7: | +0.17% | |
| Price / MAexp20: | +0.36% | |
| Price / MAexp50: | +0.74% | |
| Price / MAexp100: | +1.01% |
Quotes :
2020-10-13 11:32:45
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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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