Swiss Market Index
updated on 16-FEB-2020
In 2019, the SMI was one of the first index around the world to make new all time highs.
An index is always the average of all its components. Therefore it is always interesting to take a so called deep dive into each and every single stock making up an index, focusing on those that are in an uptrend and putting aside those that are either in a downtrend or in a sideways range.
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Let's start with checking where the index itself stands, before looking at its components.
Here's the Swiss Market Index weekly chart.
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(click on the chart for full screen viewing)
The SMI is in a clear uptrend. As the price is currently above the 1.618 Fibonacci extension level of the early 2015 to early 2019 trading range, that area (10733) becomes support and the next resistance/target in sight lies around 12650. The RSI as well as the MACD are both in a bullish range and reaching an overbought level, i.e. interim pullbacks are likely.
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With that in mind, let's have a look at the weekly charts of its components in alphabetic order with their respective resistance and support levels.
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(click on any chart for full screen viewing)
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ABB (ABB Ltd.)
Trend: sideways / Resistance: 24 and 27 / Support: 21 and 18
ADEN (Adecco)
Trend: sideways /Â Resistance: 62Â and 65.75Â /Â Support: 56.75Â and 50-52 area
BEAR (Julius Baer)​
Trend: sideways / Resistance: 53.25-54.50 area / Support: 49.50 and 45.75
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CFR (Richemont)​
Trend: sideways / Resistance: 82 and 87.50 / Support: 69.50 and 64
CSGN (Credit Suisse Group)​
Trend: sideways / Resistance: 13.80 and 15 / Support: 12.15 and 11.25
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GEBN (Geberit)​
Trend: up / Resistance: 550 and 570 / Support: 485 and 465
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GIVN (Givaudan)​
Trend: up / Resistance: 3780 and 4040 / Support: 3080 and 2975
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LHN (LafargeHolcim)​
Trend: sideways / Resistance: 52.50-54 area and 56.50 / Support: 47.50 and 45
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LONN (Lonza)​
Trend: up / Resistance: 520 / Support: 388 and 360
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NESN (Nestle)​
Trend: up / Resistance: 113.20 and 121 / Support: 101 and 88
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NOVN (Novartis)​
Trend: up / Resistance: 100 and 111 / Support: 90 and 85
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ROG (Roche)​
Trend: up / Resistance: 360 / Support: 320 and 295.75
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SCMN (Swisscom)​
Trend: up / Resistance: 590 / Support: 557 and 530 area
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SGS (Societe Generale de Surveillance)​
Trend: up / Resistance: 2685 and 3000 / Support: 2550 and 2485
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SIKA (Sika Group)​
Trend: up / Resistance: 201.70 / Support: 167-172 area
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SLHN (Swiss Life)​
Trend: up / Resistance: 650 / Support: 485
SREN (Swiss Re)​
Trend: up / Resistance: 133 / Support: 112 and 105-107 area
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UBSG (UBS Group)​
Trend: sideways / Resistance: 13.50 / Support: 11.50-12 area
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UHR (Swatch Group)​
Trend: down / Resistance: 270 and 288 / Support: 240 and 208
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ZURN (Zurich Insurance)​
Trend: up / Resistance: 495 and 551 / Support: 395 and 365
