SMI20 FULL0624 - Daily - Technical analysis published on 01/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
11%
83%
6%
My opinion
Bearish under 12,869.00 CHF
My targets
12,075.00 CHF (-2.56%)
11,488.00 CHF (-7.30%)
My analysis
The current short-term bearish trend is expected to quickly reset the neutral or bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SMI20 FULL0322 as long as the price remains well below 12,869.00 CHF. The next bearish objective for sellers is set at 12,075.00 CHF. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 11,488.00 CHF. In case of crossing, the next objective would be the support located at 11,190.00 CHF. As the basic trend is not clearly displayed, attention should be paid to the price response to the support located at 12,075.00 CHF. With this support, against the trend traders who want to buy SMI20 FULL0322 on a buy signal from their trading strategy should not hesitate to act.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.7
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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 FULL0322 rating 12,392.00 CHF. The price is lower by -0.42% since the last closing and was between 12,345.00 CHF and 12,428.00 CHF. This implies that the price is at +0.38% from its lowest and at -0.29% from its highest.12,345.00
12,428.00
12,392.00
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of SMI20 FULL0322 in Daily shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. Caution: a reversal of the trend could be possible given the strong bearish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 15 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 11,190.00 | 11,488.00 | 12,075.00 | 12,392.00 | 12,462.00 | 12,869.00 |
| Change (%) | -9.70% | -7.30% | -2.56% | - | +0.56% | +3.85% |
| Change | -1,202.00 | -904.00 | -317.00 | - | +70.00 | +477.00 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 12,242.67 | 12,305.33 | 12,374.67 | 12,437.33 | 12,506.67 | 12,569.33 | 12,638.67 |
| Camarilla | 12,407.70 | 12,419.80 | 12,431.90 | 12,444.00 | 12,456.10 | 12,468.20 | 12,480.30 |
| Woodie | 12,246.00 | 12,307.00 | 12,378.00 | 12,439.00 | 12,510.00 | 12,571.00 | 12,642.00 |
| Fibonacci | 12,305.33 | 12,355.76 | 12,386.91 | 12,437.33 | 12,487.76 | 12,518.91 | 12,569.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,962.33 | 12,175.67 | 12,292.33 | 12,505.67 | 12,622.33 | 12,835.67 | 12,952.33 |
| Camarilla | 12,318.25 | 12,348.50 | 12,378.75 | 12,409.00 | 12,439.25 | 12,469.50 | 12,499.75 |
| Woodie | 11,914.00 | 12,151.50 | 12,244.00 | 12,481.50 | 12,574.00 | 12,811.50 | 12,904.00 |
| Fibonacci | 12,175.67 | 12,301.73 | 12,379.61 | 12,505.67 | 12,631.73 | 12,709.61 | 12,835.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,259.67 | 11,605.33 | 12,196.67 | 12,542.33 | 13,133.67 | 13,479.33 | 14,070.67 |
| Camarilla | 12,530.33 | 12,616.22 | 12,702.11 | 12,788.00 | 12,873.89 | 12,959.78 | 13,045.68 |
| Woodie | 11,382.50 | 11,666.75 | 12,319.50 | 12,603.75 | 13,256.50 | 13,540.75 | 14,193.50 |
| Fibonacci | 11,605.33 | 11,963.27 | 12,184.40 | 12,542.33 | 12,900.27 | 13,121.40 | 13,479.33 |
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): | 42.97 | |
| MACD (12,26,9): | -1.6200 | |
| Directional Movement: | -9.14 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 12,579.16 | |
| Parabolic SAR (0,02-0,02-0,2): | 12,682.63 | |
| Elder Ray (13): | -154.37 | |
| Super Trend (3,10): | 12,801.39 | |
| Zig ZAG (10): | 12,386.00 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 16.75 | |
| TEMA (21): | 12,488.91 | |
| Williams %R (14): | -92.57 | |
| Chande Momentum Oscillator (20): | -481.00 | |
| Repulse (5,40,3): | -0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 4.05 |
| MA7: | 12,496.14 | |
| MA20: | 12,643.80 | |
| MA50: | 12,449.72 | |
| MA100: | 12,153.93 | |
| MAexp7: | 12,488.29 | |
| MAexp20: | 12,550.59 | |
| MAexp50: | 12,435.74 | |
| MAexp100: | 12,224.91 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -1.99% | |
| Price / MA50: | -0.46% | |
| Price / MA100: | +1.96% | |
| Price / MAexp7: | -0.77% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | -0.35% | |
| Price / MAexp100: | +1.37% |
Quotes :
-
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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