FEEDER CATTLE - 15 min. - Technical analysis published on 03/03/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 162.517 USD
My targets
158.667 USD (-1.37%)
156.983 USD (-2.42%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FEEDER CATTLE as long as the price remains well below 162.517 USD. The next bearish objective for sellers is set at 158.667 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 156.983 USD. If there is any crossing, the next objective would be the support located at 156.525 USD. 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 over sold items that could be a sign of a short-term correction.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
6.3
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FEEDER CATTLE rating 160.875 USD. On the day, this instrument lost -1.30% and was traded between 160.500 USD and 162.775 USD over the period. The price is currently at +0.23% from its lowest and -1.17% from its highest.160.500
162.775
160.875
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FEEDER CATTLE:
Near a new LOW record (1 year)
Type : Bearish
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 15 min. chart of FEEDER CATTLE indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 15 minutes
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 152.796 | 156.525 | 158.225 | 160.875 | 160.892 | 162.275 | 163.915 |
| Change (%) | -5.02% | -2.70% | -1.65% | - | +0.01% | +0.87% | +1.89% |
| Change | -8.079 | -4.350 | -2.650 | - | +0.017 | +1.400 | +3.040 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | Intermediate | 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 | 156.983 | 158.667 | 160.833 | 162.517 | 164.683 | 166.367 | 168.533 |
| Camarilla | 161.941 | 162.294 | 162.647 | 163.000 | 163.353 | 163.706 | 164.059 |
| Woodie | 157.225 | 158.788 | 161.075 | 162.638 | 164.925 | 166.488 | 168.775 |
| Fibonacci | 158.667 | 160.137 | 161.046 | 162.517 | 163.987 | 164.896 | 166.367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.192 | 156.033 | 160.392 | 165.233 | 169.592 | 174.433 | 178.792 |
| Camarilla | 162.220 | 163.063 | 163.907 | 164.750 | 165.593 | 166.437 | 167.280 |
| Woodie | 150.950 | 155.913 | 160.150 | 165.113 | 169.350 | 174.313 | 178.550 |
| Fibonacci | 156.033 | 159.548 | 161.719 | 165.233 | 168.748 | 170.919 | 174.433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 142.283 | 150.717 | 156.858 | 165.292 | 171.433 | 179.867 | 186.008 |
| Camarilla | 158.992 | 160.328 | 161.664 | 163.000 | 164.336 | 165.672 | 167.008 |
| Woodie | 141.138 | 150.144 | 155.713 | 164.719 | 170.288 | 179.294 | 184.863 |
| Fibonacci | 150.717 | 156.284 | 159.724 | 165.292 | 170.859 | 174.299 | 179.867 |
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): | 43.78 | |
| MACD (12,26,9): | -0.0430 | |
| Directional Movement: | -6.105 | |
| AROON (14): | -78.571 | |
| DEMA (21): | 161.883 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.673 | |
| Elder Ray (13): | -0.640 | |
| Super Trend (3,10): | 163.208 | |
| Zig ZAG (10): | 161.325 | |
| VORTEX (21): | 0.9190 | |
| Stochastique (14,3,5): | 8.40 | |
| TEMA (21): | 161.761 | |
| Williams %R (14): | -88.55 | |
| Chande Momentum Oscillator (20): | -1.975 | |
| Repulse (5,40,3): | 0.1600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0230 | |
| Courbe Coppock: | 1.17 |
| MA7: | 163.432 | |
| MA20: | 168.258 | |
| MA50: | 168.758 | |
| MA100: | 167.368 | |
| MAexp7: | 161.533 | |
| MAexp20: | 161.842 | |
| MAexp50: | 161.898 | |
| MAexp100: | 162.918 | |
| Price / MA7: | -1.56% | |
| Price / MA20: | -4.39% | |
| Price / MA50: | -4.67% | |
| Price / MA100: | -3.88% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.60% | |
| Price / MAexp50: | -0.63% | |
| Price / MAexp100: | -1.25% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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