SMI20 FULL0624 - 15 min. - Technical analysis published on 03/25/2022 (GMT)
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- Timeframe : 15 min.
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 11,940.33 CHF
My targets
12,030.33 CHF (+0.37%)
12,080.67 CHF (+0.79%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SMI20 FULL0622 as long as the price remains well above 11,940.33 CHF. The buyers' bullish objective is set at 12,030.33 CHF. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12,080.67 CHF. If there is any crossing, the next objective would be the resistance located at 12,310.30 CHF. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 FULL0622 rating 11,986.00 CHF. On the day, this instrument gained +0.29% and was traded between 11,913.00 CHF and 11,991.00 CHF over the period. The price is currently at +0.61% from its lowest and -0.04% from its highest.11,913.00
11,991.00
11,986.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of SMI20 FULL0622 indicates that the overall trend is strongly bullish. The signals given by moving averages are 85.71% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,488.00 | 11,655.70 | 11,848.70 | 11,986.00 | 12,075.00 | 12,310.30 | 12,462.00 |
| Change (%) | -4.15% | -2.76% | -1.15% | - | +0.74% | +2.71% | +3.97% |
| Change | -498.00 | -330.30 | -137.30 | - | +89.00 | +324.30 | +476.00 |
| Level | Intermediate | Intermediate | Major | - | Major | Minor | Intermediate |
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 | 11,810.67 | 11,850.33 | 11,900.67 | 11,940.33 | 11,990.67 | 12,030.33 | 12,080.67 |
| Camarilla | 11,926.25 | 11,934.50 | 11,942.75 | 11,951.00 | 11,959.25 | 11,967.50 | 11,975.75 |
| Woodie | 11,816.00 | 11,853.00 | 11,906.00 | 11,943.00 | 11,996.00 | 12,033.00 | 12,086.00 |
| Fibonacci | 11,850.33 | 11,884.71 | 11,905.95 | 11,940.33 | 11,974.71 | 11,995.95 | 12,030.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,718.33 | 11,002.67 | 11,489.33 | 11,773.67 | 12,260.33 | 12,544.67 | 13,031.33 |
| Camarilla | 11,763.98 | 11,834.65 | 11,905.33 | 11,976.00 | 12,046.68 | 12,117.35 | 12,188.03 |
| Woodie | 10,819.50 | 11,053.25 | 11,590.50 | 11,824.25 | 12,361.50 | 12,595.25 | 13,132.50 |
| Fibonacci | 11,002.67 | 11,297.19 | 11,479.15 | 11,773.67 | 12,068.19 | 12,250.15 | 12,544.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,210.67 | 10,712.33 | 11,157.67 | 11,659.33 | 12,104.67 | 12,606.33 | 13,051.67 |
| Camarilla | 11,342.58 | 11,429.38 | 11,516.19 | 11,603.00 | 11,689.81 | 11,776.62 | 11,863.43 |
| Woodie | 10,182.50 | 10,698.25 | 11,129.50 | 11,645.25 | 12,076.50 | 12,592.25 | 13,023.50 |
| Fibonacci | 10,712.33 | 11,074.09 | 11,297.58 | 11,659.33 | 12,021.09 | 12,244.58 | 12,606.33 |
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): | 66.00 | |
| MACD (12,26,9): | 8.5900 | |
| Directional Movement: | 18.38 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 11,971.52 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,937.33 | |
| Elder Ray (13): | 20.20 | |
| Super Trend (3,10): | 11,946.80 | |
| Zig ZAG (10): | 11,988.00 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 92.88 | |
| TEMA (21): | 11,977.30 | |
| Williams %R (14): | -6.41 | |
| Chande Momentum Oscillator (20): | 64.00 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.58 |
| MA7: | 11,966.29 | |
| MA20: | 11,553.90 | |
| MA50: | 11,767.94 | |
| MA100: | 12,021.55 | |
| MAexp7: | 11,966.66 | |
| MAexp20: | 11,957.12 | |
| MAexp50: | 11,953.60 | |
| MAexp100: | 11,953.03 | |
| Price / MA7: | +0.16% | |
| Price / MA20: | +3.74% | |
| Price / MA50: | +1.85% | |
| Price / MA100: | -0.30% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.27% | |
| Price / MAexp100: | +0.28% |
Quotes :
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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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