SOYBEAN

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	SOY
ISIN:

SOYBEAN - 15 min. - Technical analysis published on 05/20/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

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SOYBEAN Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

17%

50%

33%

My opinion

Bearish under 1,234.42 USD

My targets

1,218.42 USD (-0.50%)

1,208.83 USD (-1.28%)

My analysis

The strong short-term decrease of SOYBEAN should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1,234.42 USD, a sale could be considered. The first bearish objective is located at 1,218.42 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1,208.83 USD. If there is any crossing, the next objective would be support 1,202.42 USD. Caution, if there is a return to above 1,234.42 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

2.5

Comment on the analysis

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 Barts_XV.

Additional analysis

Quotes

SOYBEAN rating 1,224.50 USD. On the day, this instrument lost -0.29% and was between 1,224.25 USD and 1,230.50 USD. This implies that the price is at +0.02% from its lowest and at -0.49% from its highest.

1,224.25

1,230.50

1,224.50

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SOYBEAN in 15 min. shows a neutral overall trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 15 minutes

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes

In fact, only 9 technical indicators out of 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 15 minutes

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,160.67	1,209.83	1,218.95	1,224.50	1,226.80	1,232.25	1,239.93
Change (%)	-5.21%	-1.20%	-0.45%	-	+0.19%	+0.63%	+1.26%
Change	-63.83	-14.67	-5.55	-	+2.30	+7.75	+15.43
Level	Major	Major	Minor	-	Major	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,202.42	1,208.83	1,218.42	1,224.83	1,234.42	1,240.83	1,250.42
Camarilla	1,223.60	1,225.07	1,226.53	1,228.00	1,229.47	1,230.93	1,232.40
Woodie	1,204.00	1,209.63	1,220.00	1,225.63	1,236.00	1,241.63	1,252.00
Fibonacci	1,208.83	1,214.95	1,218.72	1,224.83	1,230.95	1,234.72	1,240.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,181.50	1,192.50	1,210.25	1,221.25	1,239.00	1,250.00	1,267.75
Camarilla	1,220.09	1,222.73	1,225.37	1,228.00	1,230.64	1,233.27	1,235.91
Woodie	1,184.88	1,194.19	1,213.63	1,222.94	1,242.38	1,251.69	1,271.13
Fibonacci	1,192.50	1,203.48	1,210.27	1,221.25	1,232.23	1,239.02	1,250.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,069.75	1,107.75	1,139.00	1,177.00	1,208.25	1,246.25	1,277.50
Camarilla	1,151.21	1,157.55	1,163.90	1,170.25	1,176.60	1,182.95	1,189.29
Woodie	1,066.38	1,106.06	1,135.63	1,175.31	1,204.88	1,244.56	1,274.13
Fibonacci	1,107.75	1,134.20	1,150.55	1,177.00	1,203.45	1,219.80	1,246.25

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):	43.21
MACD (12,26,9):	-0.3900
Directional Movement:	-6.22
AROON (14):	-14.29
DEMA (21):	1,225.58
Parabolic SAR (0,02-0,02-0,2):	1,228.47
Elder Ray (13):	-1.15
Super Trend (3,10):	1,222.48
Zig ZAG (10):	1,224.25
VORTEX (21):	0.9100
Stochastique (14,3,5):	6.67
TEMA (21):	1,225.00
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-1.00
Repulse (5,40,3):	-0.0900
ROCnROLL:	2
TRIX (15,9):	0.0000
Courbe Coppock:	0.42

MA7:	1,219.32
MA20:	1,205.83
MA50:	1,199.56
MA100:	1,210.23
MAexp7:	1,225.19
MAexp20:	1,225.93
MAexp50:	1,225.79
MAexp100:	1,224.17
Price / MA7:	+0.42%
Price / MA20:	+1.55%
Price / MA50:	+2.08%
Price / MA100:	+1.18%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.12%
Price / MAexp50:	-0.11%
Price / MAexp100:	+0.03%

Quotes : - 10 min delayed data - CBOT Futures

News

The latest news and videos published on SOYBEAN at the time of the analysis were as follows:

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

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