LIVE CATTLE - 1H - Technical analysis published on 10/31/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 150.525 USD
My targets
153.850 USD (+0.56%)
154.501 USD (+0.98%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 150.525 USD remains possible. It is advisable to trade LIVE CATTLE with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 150.525 USD. The next bullish objective for buyers is set at 153.850 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 154.501 USD. If there is any crossing, the next objective would be the resistance located at 159.600 USD. PS: if there is a bearish break in the support located at 150.525 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.8
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Additional analysis
Quotes
The LIVE CATTLE rating is 153.000 USD. On the day, this instrument lost -0.28% and was between 152.900 USD and 153.550 USD. This implies that the price is at +0.07% from its lowest and at -0.36% from its highest.152.900
153.550
153.000
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of LIVE CATTLE indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. 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, only 7 technical indicators out of 18 analysed are currently bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 149.276 | 150.525 | 152.845 | 153.000 | 153.850 | 154.501 | 159.600 |
| Change (%) | -2.43% | -1.62% | -0.10% | - | +0.56% | +0.98% | +4.31% |
| Change | -3.724 | -2.475 | -0.155 | - | +0.850 | +1.501 | +6.600 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.100 | 152.500 | 152.750 | 153.150 | 153.400 | 153.800 | 154.050 |
| Camarilla | 152.821 | 152.881 | 152.940 | 153.000 | 153.060 | 153.119 | 153.179 |
| Woodie | 152.025 | 152.463 | 152.675 | 153.113 | 153.325 | 153.763 | 153.975 |
| Fibonacci | 152.500 | 152.748 | 152.902 | 153.150 | 153.398 | 153.552 | 153.800 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 150.125 | 151.200 | 152.100 | 153.175 | 154.075 | 155.150 | 156.050 |
| Camarilla | 152.457 | 152.638 | 152.819 | 153.000 | 153.181 | 153.362 | 153.543 |
| Woodie | 150.038 | 151.156 | 152.013 | 153.131 | 153.988 | 155.106 | 155.963 |
| Fibonacci | 151.200 | 151.955 | 152.421 | 153.175 | 153.930 | 154.396 | 155.150 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 139.958 | 142.767 | 144.908 | 147.717 | 149.858 | 152.667 | 154.808 |
| Camarilla | 145.689 | 146.143 | 146.596 | 147.050 | 147.504 | 147.958 | 148.411 |
| Woodie | 139.625 | 142.600 | 144.575 | 147.550 | 149.525 | 152.500 | 154.475 |
| Fibonacci | 142.767 | 144.658 | 145.826 | 147.717 | 149.608 | 150.776 | 152.667 |
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): | 47.25 | |
| MACD (12,26,9): | 0.1100 | |
| Directional Movement: | -6.195 | |
| AROON (14): | -7.142 | |
| DEMA (21): | 153.392 | |
| Parabolic SAR (0,02-0,02-0,2): | 153.759 | |
| Elder Ray (13): | -0.174 | |
| Super Trend (3,10): | 152.873 | |
| Zig ZAG (10): | 152.925 | |
| VORTEX (21): | 0.9570 | |
| Stochastique (14,3,5): | 7.90 | |
| TEMA (21): | 152.993 | |
| Williams %R (14): | -97.37 | |
| Chande Momentum Oscillator (20): | -0.725 | |
| Repulse (5,40,3): | -0.2120 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0230 | |
| Courbe Coppock: | 0.35 |
| MA7: | 153.064 | |
| MA20: | 150.044 | |
| MA50: | 148.874 | |
| MA100: | 147.185 | |
| MAexp7: | 153.074 | |
| MAexp20: | 153.143 | |
| MAexp50: | 152.348 | |
| MAexp100: | 151.092 | |
| Price / MA7: | -0.04% | |
| Price / MA20: | +1.97% | |
| Price / MA50: | +2.77% | |
| Price / MA100: | +3.95% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.14% | |
| Price / MAexp50: | +0.38% | |
| Price / MAexp100: | +1.21% |
Quotes :
-
10 min delayed data
-
CME Globex Futures
News
The last news published on LIVE CATTLE at the time of the generation of this analysis was as follows:
-
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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