ROUGH RICE
ROUGH RICE
- USD (-)
- 10 min delayed data - CBOT Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: RR
ISIN:

ROUGH RICE - 1H - Technical analysis published on 01/20/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 14.523 USD
My targets
14.694 USD (+0.27%)
14.855 USD (+1.36%)
My analysis
ROUGH RICE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 14.523 USD. The next resistance located at 14.694 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 14.855 USD. After this resistance, buyers could then target 15.979 USD.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.3

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ROUGH RICE rating is 14.655 USD. On the day, this instrument gained +0.93% and was traded between 14.440 USD and 14.665 USD over the period. The price is currently at +1.49% from its lowest and -0.07% from its highest.

14.440
14.665
14.655

Here is a more detailed summary of the historical variations registered by ROUGH RICE:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of ROUGH RICE indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found no further results concerning independent technical indicators.

The analysis of the price chart with Central Patterns scanners does not return any result.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour


Bearish harami cross

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.781 13.992 14.523 14.655 14.694 14.855 15.979
Change (%) -5.96% -4.52% -0.90% - +0.27% +1.36% +9.03%
Change -0.874 -0.663 -0.132 - +0.039 +0.200 +1.324
Level Minor Major Major - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard14.28314.36214.50814.58714.73314.81214.958
Camarilla14.59314.61414.63414.65514.67614.69614.717
Woodie14.31814.37914.54314.60414.76814.82914.993
Fibonacci14.36214.44814.50114.58714.67314.72614.812


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.43013.76514.16014.49514.89015.22515.620
Camarilla14.35414.42114.48814.55514.62214.68914.756
Woodie13.46013.78014.19014.51014.92015.24015.650
Fibonacci13.76514.04414.21614.49514.77414.94615.225


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.03013.40514.13014.50515.23015.60516.330
Camarilla14.55314.65314.75414.85514.95615.05715.158
Woodie13.20513.49314.30514.59315.40515.69316.505
Fibonacci13.40513.82514.08514.50514.92515.18515.605

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): 59.43
MACD (12,26,9): 0.0630
Directional Movement: 10.570
AROON (14): -28.571
DEMA (21): 14.595
Parabolic SAR (0,02-0,02-0,2): 14.374
Elder Ray (13): 0.100
Super Trend (3,10): 14.762
Zig ZAG (10): 14.655
VORTEX (21): 1.1560
Stochastique (14,3,5): 79.23
TEMA (21): 14.655
Williams %R (14): -11.59
Chande Momentum Oscillator (20): 0.050
Repulse (5,40,3): 0.4920
ROCnROLL: 1
TRIX (15,9): 0.0520
Courbe Coppock: 1.60
MA7: 14.449
MA20: 14.553
MA50: 14.385
MA100: 14.210
MAexp7: 14.600
MAexp20: 14.522
MAexp50: 14.484
MAexp100: 14.479
Price / MA7: +1.43%
Price / MA20: +0.70%
Price / MA50: +1.88%
Price / MA100: +3.13%
Price / MAexp7: +0.38%
Price / MAexp20: +0.92%
Price / MAexp50: +1.18%
Price / MAexp100: +1.22%

Quotes : - 10 min delayed data - CBOT Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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