SMI (SMI.CH)

Automatic technical analysis. Long term, Nov 1, 2024

SMI has broken the floor of the rising trend channel in the long term, which indicates a weaker initial rising rate. The index is moving within a rectangle formation between support at 10556 and resistance at 12565. A decisive break through one of these levels indicates the new direction for the index. The index has support at points 11500 and resistance at points 12500. The index is overall assessed as technically slightly positive for the long term.

Recommendation one to six quarters: Weak Positive (Score: 29)