IPATH BLOOMBERG COCOA SUBINDEX TOTAL RE - Daily - Technical analysis published on 12/26/2021 (GMT)
- 250
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
IPATH BLOOMBERG COCOA SUBINDEX TOTAL RE Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 28.76 USD
My targets
27.36 USD (-2.60%)
26.80 USD (-4.59%)
My analysis
The bearish trend is currently very strong for IPATH BLOOMBERG COCOA SUBINDEX TOTAL RE. As long as the price remains below the resistance at 28.76 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 27.36 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 26.80 USD as an objective. Crossing it would then enable sellers to target 25.03 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Clay707.
Additional analysis
Quotes
IPATH BLOOMBERG COCOA SUBINDEX TOTAL RE rating 28.09 USD. On the day, this instrument lost -0.46% and was between 28.09 USD and 28.76 USD. This implies that the price is at 0% from its lowest and at -2.33% from its highest.28.09
28.76
28.09
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 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this IPATH BLOOMBERG COCOA SUBINDEX TOTAL RE chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of triangle
Type : Bearish
Timeframe : Daily
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 | 26.80 | 27.36 | 27.92 | 28.09 | 28.76 | 29.79 | 31.25 |
| Change (%) | -4.59% | -2.60% | -0.61% | - | +2.39% | +6.05% | +11.25% |
| Change | -1.29 | -0.73 | -0.17 | - | +0.67 | +1.70 | +3.16 |
| Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.20 | 27.64 | 27.87 | 28.31 | 28.54 | 28.98 | 29.21 |
| Camarilla | 27.91 | 27.97 | 28.03 | 28.09 | 28.15 | 28.21 | 28.27 |
| Woodie | 27.09 | 27.59 | 27.76 | 28.26 | 28.43 | 28.93 | 29.10 |
| Fibonacci | 27.64 | 27.90 | 28.06 | 28.31 | 28.57 | 28.73 | 28.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.16 | 27.79 | 28.14 | 28.77 | 29.12 | 29.75 | 30.10 |
| Camarilla | 28.23 | 28.32 | 28.41 | 28.50 | 28.59 | 28.68 | 28.77 |
| Woodie | 27.03 | 27.72 | 28.01 | 28.70 | 28.99 | 29.68 | 29.97 |
| Fibonacci | 27.79 | 28.16 | 28.39 | 28.77 | 29.14 | 29.37 | 29.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.83 | 24.19 | 25.43 | 27.79 | 29.03 | 31.39 | 32.63 |
| Camarilla | 25.67 | 26.00 | 26.33 | 26.66 | 26.99 | 27.32 | 27.65 |
| Woodie | 21.26 | 23.91 | 24.86 | 27.51 | 28.46 | 31.11 | 32.06 |
| Fibonacci | 24.19 | 25.57 | 26.42 | 27.79 | 29.17 | 30.02 | 31.39 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 45.37 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -1.34 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 28.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.64 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 27.43 | |
| Zig ZAG (10): | 28.09 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 35.76 | |
| TEMA (21): | 28.35 | |
| Williams %R (14): | -72.22 | |
| Chande Momentum Oscillator (20): | -0.49 | |
| Repulse (5,40,3): | -3.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.41 |
| MA7: | 28.50 | |
| MA20: | 28.14 | |
| MA50: | 28.97 | |
| MA100: | 29.93 | |
| MAexp7: | 28.32 | |
| MAexp20: | 28.46 | |
| MAexp50: | 28.95 | |
| MAexp100: | 29.40 | |
| Price / MA7: | -1.44% | |
| Price / MA20: | -0.18% | |
| Price / MA50: | -3.04% | |
| Price / MA100: | -6.15% | |
| Price / MAexp7: | -0.81% | |
| Price / MAexp20: | -1.30% | |
| Price / MAexp50: | -2.97% | |
| Price / MAexp100: | -4.46% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis IPATH BLOOMBERG COCOA SUBINDEX TOTAL RE - Daily