SOYBEAN - Daily - Technical analysis published on 12/13/2019 (GMT)
- 390
- 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
SOYBEAN Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 908.45 USD
My targets
883.64 USD (-1.63%)
856.67 USD (-4.63%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on SOYBEAN. As long as you are under the resistance located at 908.45 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 883.64 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 856.67 USD as an objective. Crossing it would then enable sellers to target 821.58 USD. If the resistance 908.45 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
2.1
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 Vincent Launay.
Additional analysis
Quotes
SOYBEAN rating 898.25 USD. On the day, this instrument gained +0.53% and was between 888.25 USD and 901.75 USD. This implies that the price is at +1.13% from its lowest and at -0.39% from its highest.888.25
901.75
898.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of SOYBEAN in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. 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 : Daily
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
RSI indicator is back under 50
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 821.58 | 856.67 | 883.64 | 898.25 | 908.45 | 941.04 | 1,008.50 |
| Change (%) | -8.54% | -4.63% | -1.63% | - | +1.14% | +4.76% | +12.27% |
| Change | -76.67 | -41.58 | -14.61 | - | +10.20 | +42.79 | +110.25 |
| Level | Minor | Major | Minor | - | Major | Major | Minor |
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 | 891.58 | 893.92 | 897.58 | 899.92 | 903.58 | 905.92 | 909.58 |
| Camarilla | 899.60 | 900.15 | 900.70 | 901.25 | 901.80 | 902.35 | 902.90 |
| Woodie | 892.25 | 894.25 | 898.25 | 900.25 | 904.25 | 906.25 | 910.25 |
| Fibonacci | 893.92 | 896.21 | 897.63 | 899.92 | 902.21 | 903.63 | 905.92 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 840.75 | 858.25 | 867.50 | 885.00 | 894.25 | 911.75 | 921.00 |
| Camarilla | 869.39 | 871.85 | 874.30 | 876.75 | 879.20 | 881.65 | 884.11 |
| Woodie | 836.63 | 856.19 | 863.38 | 882.94 | 890.13 | 909.69 | 916.88 |
| Fibonacci | 858.25 | 868.47 | 874.78 | 885.00 | 895.22 | 901.53 | 911.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 787.75 | 831.75 | 854.25 | 898.25 | 920.75 | 964.75 | 987.25 |
| Camarilla | 858.46 | 864.56 | 870.65 | 876.75 | 882.85 | 888.94 | 895.04 |
| Woodie | 777.00 | 826.38 | 843.50 | 892.88 | 910.00 | 959.38 | 976.50 |
| Fibonacci | 831.75 | 857.15 | 872.85 | 898.25 | 923.65 | 939.35 | 964.75 |
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): | 45.40 | |
| MACD (12,26,9): | -7.5800 | |
| Directional Movement: | -3.09 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 885.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 872.99 | |
| Elder Ray (13): | 4.91 | |
| Super Trend (3,10): | 901.57 | |
| Zig ZAG (10): | 893.50 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 64.11 | |
| TEMA (21): | 881.65 | |
| Williams %R (14): | -37.72 | |
| Chande Momentum Oscillator (20): | -3.50 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1700 | |
| Courbe Coppock: | 4.44 |
| MA7: | 887.82 | |
| MA20: | 894.79 | |
| MA50: | 916.92 | |
| MA100: | 898.96 | |
| MAexp7: | 891.29 | |
| MAexp20: | 896.12 | |
| MAexp50: | 904.13 | |
| MAexp100: | 902.33 | |
| Price / MA7: | +1.17% | |
| Price / MA20: | +0.39% | |
| Price / MA50: | -2.04% | |
| Price / MA100: | -0.08% | |
| Price / MAexp7: | +0.78% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | -0.65% | |
| Price / MAexp100: | -0.45% |
News
The latest news and videos published on SOYBEAN at the time of the analysis were as follows:
-
Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
-
Soybean farmer: We would like to have markets, not aid
-
Impact of tariffs on America's soybean farmers
-
Will Trump's Truce With China Help Soybean Sales?
-
U.S. Trade Gap Hits 10-Year High In October As Soybean Exports Continue To Fall
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 SOYBEAN - Daily