LIVE CATTLE - Daily - Technical analysis published on 04/29/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 135.750 USD
My targets
131.375 USD (-1.07%)
129.250 USD (-2.67%)
My analysis
LIVE CATTLE is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 135.750 USD. The next support located at 131.375 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 129.250 USD. Below this support, sellers could then target 119.039 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.7
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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
The LIVE CATTLE price is 132.800 USD. The price registered a decrease of -0.82% on the session with the lowest point at 132.800 USD and the highest point at 134.300 USD. The deviation from the price is 0% for the low point and -1.12% for the high point.132.800
134.300
132.800
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this LIVE CATTLE chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 119.039 | 129.250 | 131.375 | 132.800 | 132.870 | 135.750 | 138.475 |
| Change (%) | -10.36% | -2.67% | -1.07% | - | +0.05% | +2.22% | +4.27% |
| Change | -13.761 | -3.550 | -1.425 | - | +0.070 | +2.950 | +5.675 |
| Level | Major | Major | Minor | - | Major | Minor | Major |
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 | 130.925 | 132.200 | 133.050 | 134.325 | 135.175 | 136.450 | 137.300 |
| Camarilla | 133.316 | 133.510 | 133.705 | 133.900 | 134.095 | 134.290 | 134.484 |
| Woodie | 130.713 | 132.094 | 132.838 | 134.219 | 134.963 | 136.344 | 137.088 |
| Fibonacci | 132.200 | 133.012 | 133.513 | 134.325 | 135.137 | 135.638 | 136.450 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 131.242 | 133.308 | 135.867 | 137.933 | 140.492 | 142.558 | 145.117 |
| Camarilla | 137.153 | 137.577 | 138.001 | 138.425 | 138.849 | 139.273 | 139.697 |
| Woodie | 131.488 | 133.431 | 136.113 | 138.056 | 140.738 | 142.681 | 145.363 |
| Fibonacci | 133.308 | 135.075 | 136.167 | 137.933 | 139.700 | 140.792 | 142.558 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 123.125 | 126.850 | 131.350 | 135.075 | 139.575 | 143.300 | 147.800 |
| Camarilla | 133.588 | 134.342 | 135.096 | 135.850 | 136.604 | 137.358 | 138.112 |
| Woodie | 123.513 | 127.044 | 131.738 | 135.269 | 139.963 | 143.494 | 148.188 |
| Fibonacci | 126.850 | 129.992 | 131.933 | 135.075 | 138.217 | 140.158 | 143.300 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 39.71 | |
| MACD (12,26,9): | -0.5540 | |
| Directional Movement: | -16.886 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 135.195 | |
| Parabolic SAR (0,02-0,02-0,2): | 139.279 | |
| Elder Ray (13): | -1.915 | |
| Super Trend (3,10): | 139.194 | |
| Zig ZAG (10): | 133.075 | |
| VORTEX (21): | 0.9090 | |
| Stochastique (14,3,5): | 5.64 | |
| TEMA (21): | 135.128 | |
| Williams %R (14): | -98.93 | |
| Chande Momentum Oscillator (20): | -3.250 | |
| Repulse (5,40,3): | -3.1360 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0260 | |
| Courbe Coppock: | 0.68 |
| MA7: | 135.818 | |
| MA20: | 135.632 | |
| MA50: | 136.761 | |
| MA100: | 138.417 | |
| MAexp7: | 134.926 | |
| MAexp20: | 135.866 | |
| MAexp50: | 136.801 | |
| MAexp100: | 137.312 | |
| Price / MA7: | -2.22% | |
| Price / MA20: | -2.09% | |
| Price / MA50: | -2.90% | |
| Price / MA100: | -4.06% | |
| Price / MAexp7: | -1.58% | |
| Price / MAexp20: | -2.26% | |
| Price / MAexp50: | -2.92% | |
| Price / MAexp100: | -3.29% |
Quotes :
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10 min delayed data
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CME Globex Futures
News
The latest news and videos published on LIVE CATTLE at the time of the analysis were as follows:
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Gary Vee Says 98% of NFTs ‘Are Going to Zero’ #Shorts
-
Judge Rinder joins 'Together Against Antisemitism' rally at Parliament Square
This member declared not having a position on this financial instrument or a related financial instrument.
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