LIVE CATTLE - 1H - Technical analysis published on 05/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 115.775 USD
My targets
118.325 USD (+1.35%)
119.425 USD (+2.29%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on LIVE CATTLE as long as the price remains well above 115.775 USD. The buyers' bullish objective is set at 118.325 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 119.425 USD. If there is any crossing, the next objective would be the resistance located at 122.700 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
LIVE CATTLE rating 116.750 USD. The price registered an increase of +1.21% on the session and was between 116.000 USD and 117.225 USD. This implies that the price is at +0.65% from its lowest and at -0.41% from its highest.116.000
117.225
116.750
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by LIVE CATTLE:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of LIVE CATTLE indicates that the overall trend is bullish. The signals given by moving averages are 67.86% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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 | 113.125 | 114.781 | 115.775 | 116.750 | 118.325 | 119.425 | 122.700 |
| Change (%) | -3.10% | -1.69% | -0.84% | - | +1.35% | +2.29% | +5.10% |
| Change | -3.625 | -1.969 | -0.975 | - | +1.575 | +2.675 | +5.950 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.900 | 115.450 | 116.125 | 116.675 | 117.350 | 117.900 | 118.575 |
| Camarilla | 116.463 | 116.575 | 116.688 | 116.800 | 116.912 | 117.025 | 117.137 |
| Woodie | 114.963 | 115.481 | 116.188 | 116.706 | 117.413 | 117.931 | 118.638 |
| Fibonacci | 115.450 | 115.918 | 116.207 | 116.675 | 117.143 | 117.432 | 117.900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 108.800 | 111.750 | 113.525 | 116.475 | 118.250 | 121.200 | 122.975 |
| Camarilla | 114.001 | 114.434 | 114.867 | 115.300 | 115.733 | 116.166 | 116.599 |
| Woodie | 108.213 | 111.456 | 112.938 | 116.181 | 117.663 | 120.906 | 122.388 |
| Fibonacci | 111.750 | 113.555 | 114.670 | 116.475 | 118.280 | 119.395 | 121.200 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 101.133 | 107.842 | 112.208 | 118.917 | 123.283 | 129.992 | 134.358 |
| Camarilla | 113.529 | 114.545 | 115.560 | 116.575 | 117.590 | 118.605 | 119.621 |
| Woodie | 99.963 | 107.256 | 111.038 | 118.331 | 122.113 | 129.406 | 133.188 |
| Fibonacci | 107.842 | 112.072 | 114.686 | 118.917 | 123.147 | 125.761 | 129.992 |
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): | 56.12 | |
| MACD (12,26,9): | -0.0210 | |
| Directional Movement: | 13.050 | |
| AROON (14): | 57.143 | |
| DEMA (21): | 116.137 | |
| Parabolic SAR (0,02-0,02-0,2): | 115.045 | |
| Elder Ray (13): | 0.533 | |
| Super Trend (3,10): | 117.146 | |
| Zig ZAG (10): | 116.800 | |
| VORTEX (21): | 1.0230 | |
| Stochastique (14,3,5): | 86.70 | |
| TEMA (21): | 116.226 | |
| Williams %R (14): | -17.71 | |
| Chande Momentum Oscillator (20): | 1.600 | |
| Repulse (5,40,3): | 0.1570 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0370 | |
| Courbe Coppock: | 1.38 |
| MA7: | 116.929 | |
| MA20: | 116.089 | |
| MA50: | 118.835 | |
| MA100: | 118.767 | |
| MAexp7: | 116.480 | |
| MAexp20: | 116.263 | |
| MAexp50: | 116.390 | |
| MAexp100: | 116.708 | |
| Price / MA7: | -0.15% | |
| Price / MA20: | +0.57% | |
| Price / MA50: | -1.75% | |
| Price / MA100: | -1.70% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +0.08% |
Quotes :
-
10 min delayed data
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CME Globex Futures
News
Don't forget to follow the news on LIVE CATTLE. At the time of publication of this analysis, the latest news was as follows:
Judge Rinder joins 'Together Against Antisemitism' rally at Parliament SquareThis member declared not having a position on this financial instrument or a related financial instrument.
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