SMI20 INDEX - 1H - Technical analysis published on 03/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
33%
17%
50%
My opinion
Bullish above 11,413.19 EUR
My targets
11,595.25 EUR (+0.92%)
11,664.31 EUR (+1.52%)
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 INDEX as long as the price remains well above 11,413.19 EUR. The buyers' bullish objective is set at 11,595.25 EUR. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11,664.31 EUR. If there is any crossing, the next objective would be the resistance located at 12,159.69 EUR. 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SMI20 INDEX price is 11,489.24 EUR. The price registered a decrease of -0.04% on the session with the lowest point at 11,466.33 EUR and the highest point at 11,490.51 EUR. The deviation from the price is +0.20% for the low point and -0.01% for the high point.11,466.33
11,490.51
11,489.24
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SMI20 INDEX indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
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.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11,318.39 | 11,377.54 | 11,413.19 | 11,489.24 | 11,496.76 | 11,595.25 | 12,159.69 |
| Change (%) | -1.49% | -0.97% | -0.66% | - | +0.07% | +0.92% | +5.84% |
| Change | -170.85 | -111.70 | -76.05 | - | +7.52 | +106.01 | +670.45 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | Minor |
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 | 11,383.98 | 11,420.09 | 11,457.01 | 11,493.12 | 11,530.04 | 11,566.15 | 11,603.07 |
| Camarilla | 11,473.84 | 11,480.53 | 11,487.23 | 11,493.92 | 11,500.61 | 11,507.31 | 11,514.00 |
| Woodie | 11,384.38 | 11,420.29 | 11,457.41 | 11,493.32 | 11,530.44 | 11,566.35 | 11,603.47 |
| Fibonacci | 11,420.09 | 11,447.99 | 11,465.23 | 11,493.12 | 11,521.02 | 11,538.26 | 11,566.15 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11,307.43 | 11,358.85 | 11,426.39 | 11,477.81 | 11,545.35 | 11,596.77 | 11,664.31 |
| Camarilla | 11,461.21 | 11,472.11 | 11,483.02 | 11,493.92 | 11,504.83 | 11,515.73 | 11,526.63 |
| Woodie | 11,315.48 | 11,362.88 | 11,434.44 | 11,481.84 | 11,553.40 | 11,600.80 | 11,672.36 |
| Fibonacci | 11,358.85 | 11,404.30 | 11,432.37 | 11,477.81 | 11,523.26 | 11,551.33 | 11,596.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10,701.59 | 10,883.25 | 11,161.05 | 11,342.71 | 11,620.51 | 11,802.17 | 12,079.97 |
| Camarilla | 11,312.51 | 11,354.63 | 11,396.74 | 11,438.86 | 11,480.98 | 11,523.09 | 11,565.21 |
| Woodie | 10,749.67 | 10,907.29 | 11,209.13 | 11,366.75 | 11,668.59 | 11,826.21 | 12,128.05 |
| Fibonacci | 10,883.25 | 11,058.76 | 11,167.19 | 11,342.71 | 11,518.22 | 11,626.65 | 11,802.17 |
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): | 50.52 | |
| MACD (12,26,9): | 10.1300 | |
| Directional Movement: | -4.94 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 11,488.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 11,525.57 | |
| Elder Ray (13): | -9.32 | |
| Super Trend (3,10): | 11,425.66 | |
| Zig ZAG (10): | 11,477.60 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 48.51 | |
| TEMA (21): | 11,493.64 | |
| Williams %R (14): | -54.56 | |
| Chande Momentum Oscillator (20): | 36.50 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.74 |
| MA7: | 11,459.17 | |
| MA20: | 11,334.83 | |
| MA50: | 11,264.18 | |
| MA100: | 11,012.37 | |
| MAexp7: | 11,485.00 | |
| MAexp20: | 11,475.66 | |
| MAexp50: | 11,456.53 | |
| MAexp100: | 11,419.13 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | +1.36% | |
| Price / MA50: | +2.00% | |
| Price / MA100: | +4.33% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | +0.61% |
Quotes :
-
15 min delayed data
-
Switzerland Indices
This member declared not having a position on this financial instrument or a related financial instrument.
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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