LUMBER - Daily - Technical analysis published on 04/22/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 978.0 USD
My targets
1,083.5 USD (+5.70%)
1,106.7 USD (+7.97%)
My analysis
A bullish trend on LUMBER both in substance and in the short term. A purchase could be considered as long as the price remains above 978.0 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 1,083.5 USD. Then the price could move towards 1,106.7 USD. Then 1,190.8 USD by extension. Be careful, a return below 978.0 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
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
5
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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
The LUMBER rating is 1,025.0 USD. On the day, this instrument gained +2.95% and was between 989.8 USD and 1,041.4 USD. This implies that the price is at +3.56% from its lowest and at -1.57% from its highest.989.8
1,041.4
1,025.0
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of LUMBER in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 12 technical indicators on 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 675.1 | 798.4 | 949.9 | 1,025.0 | 1,106.7 | 1,190.8 | 1,302.8 |
| Change (%) | -34.14% | -22.11% | -7.33% | - | +7.97% | +16.18% | +27.10% |
| Change | -349.9 | -226.6 | -75.1 | - | +81.7 | +165.8 | +277.8 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 892.8 | 919.3 | 972.1 | 998.6 | 1,051.4 | 1,077.9 | 1,130.7 |
| Camarilla | 1,003.2 | 1,010.5 | 1,017.7 | 1,025.0 | 1,032.3 | 1,039.5 | 1,046.8 |
| Woodie | 906.1 | 925.9 | 985.4 | 1,005.2 | 1,064.7 | 1,084.5 | 1,144.0 |
| Fibonacci | 919.3 | 949.6 | 968.3 | 998.6 | 1,028.9 | 1,047.6 | 1,077.9 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 651.4 | 740.3 | 814.7 | 903.6 | 978.0 | 1,066.9 | 1,141.3 |
| Camarilla | 844.1 | 859.1 | 874.0 | 889.0 | 904.0 | 918.9 | 933.9 |
| Woodie | 644.1 | 736.7 | 807.4 | 900.0 | 970.7 | 1,063.3 | 1,134.0 |
| Fibonacci | 740.3 | 802.7 | 841.3 | 903.6 | 966.0 | 1,004.6 | 1,066.9 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 384.4 | 657.0 | 810.9 | 1,083.5 | 1,237.4 | 1,510.0 | 1,663.9 |
| Camarilla | 847.6 | 886.7 | 925.8 | 964.9 | 1,004.0 | 1,043.1 | 1,082.2 |
| Woodie | 325.2 | 627.3 | 751.7 | 1,053.8 | 1,178.2 | 1,480.3 | 1,604.7 |
| Fibonacci | 657.0 | 819.9 | 920.5 | 1,083.5 | 1,246.4 | 1,347.0 | 1,510.0 |
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): | 53.80 | |
| MACD (12,26,9): | -32.2000 | |
| Directional Movement: | 10.5 | |
| AROON (14): | -57.1 | |
| DEMA (21): | 928.5 | |
| Parabolic SAR (0,02-0,02-0,2): | 835.9 | |
| Elder Ray (13): | 54.1 | |
| Super Trend (3,10): | 1,053.4 | |
| Zig ZAG (10): | 1,025.0 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 78.40 | |
| TEMA (21): | 920.4 | |
| Williams %R (14): | -7.70 | |
| Chande Momentum Oscillator (20): | 58.5 | |
| Repulse (5,40,3): | 12.4000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.7000 | |
| Courbe Coppock: | 9.30 |
| MA7: | 941.0 | |
| MA20: | 955.8 | |
| MA50: | 1,085.1 | |
| MA100: | 1,015.0 | |
| MAexp7: | 966.1 | |
| MAexp20: | 977.8 | |
| MAexp50: | 1,015.2 | |
| MAexp100: | 980.7 | |
| Price / MA7: | +8.93% | |
| Price / MA20: | +7.24% | |
| Price / MA50: | -5.54% | |
| Price / MA100: | +0.99% | |
| Price / MAexp7: | +6.10% | |
| Price / MAexp20: | +4.83% | |
| Price / MAexp50: | +0.97% | |
| Price / MAexp100: | +4.52% |
Quotes :
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10 min delayed data
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CME Globex Futures
News
The last news published on LUMBER at the time of the generation of this analysis was as follows:
-
The grit and dedication in lumber production
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'How America Works’: Lumber
-
Rising Lumber Costs Adding Home Renovation Delays And Challenges
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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