SOYBEAN MEAL ONLY0321 - Daily - Technical analysis published on 02/15/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
SOYBEAN MEAL ONLY0321 Chart
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bullish
Technical indicators
22%
50%
28%
My opinion
Bullish above 421.8 USD
My targets
436.6 USD (+2.20%)
465.4 USD (+8.94%)
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 MEAL ONLY0321. As long as you are above the support located at 421.8 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 436.6 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 465.4 USD as an objective. If the support 421.8 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.6
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This analysis was given by SuperLubeCrude.
Additional analysis
Quotes
SOYBEAN MEAL ONLY0321 rating 427.2 USD. The price is lower by -0.40% since the last closing with the lowest point at 423.4 USD and the highest point at 430.1 USD. The deviation from the price is +0.90% for the low point and -0.67% for the high point.423.4
430.1
427.2
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 (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of SOYBEAN MEAL ONLY0321 in Daily shows an overall bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 358.0 | 396.0 | 421.8 | 427.2 | 436.6 | 465.4 |
| Change (%) | -16.20% | -7.30% | -1.26% | - | +2.20% | +8.94% |
| Change | -69.2 | -31.2 | -5.4 | - | +9.4 | +38.2 |
| Level | Minor | Minor | Major | - | Intermediate | 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 | 409.0 | 413.9 | 421.4 | 426.3 | 433.8 | 438.7 | 446.2 |
| Camarilla | 425.5 | 426.6 | 427.8 | 428.9 | 430.0 | 431.2 | 432.3 |
| Woodie | 410.3 | 414.6 | 422.7 | 427.0 | 435.1 | 439.4 | 447.5 |
| Fibonacci | 413.9 | 418.6 | 421.6 | 426.3 | 431.0 | 434.0 | 438.7 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 408.6 | 415.8 | 423.1 | 430.3 | 437.6 | 444.8 | 452.1 |
| Camarilla | 426.5 | 427.8 | 429.2 | 430.5 | 431.8 | 433.2 | 434.5 |
| Woodie | 408.8 | 415.8 | 423.3 | 430.3 | 437.8 | 444.8 | 452.3 |
| Fibonacci | 415.8 | 421.3 | 424.7 | 430.3 | 435.8 | 439.2 | 444.8 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 354.5 | 386.0 | 408.3 | 439.8 | 462.1 | 493.6 | 515.9 |
| Camarilla | 415.7 | 420.6 | 425.6 | 430.5 | 435.4 | 440.4 | 445.3 |
| Woodie | 349.8 | 383.7 | 403.6 | 437.5 | 457.4 | 491.3 | 511.2 |
| Fibonacci | 386.0 | 406.6 | 419.3 | 439.8 | 460.4 | 473.1 | 493.6 |
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): | 47.40 | |
| MACD (12,26,9): | 0.6000 | |
| Directional Movement: | -4.8 | |
| AROON (14): | 78.6 | |
| DEMA (21): | 434.2 | |
| Parabolic SAR (0,02-0,02-0,2): | 443.2 | |
| Elder Ray (13): | -4.8 | |
| Super Trend (3,10): | 460.3 | |
| Zig ZAG (10): | 426.3 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 30.50 | |
| TEMA (21): | 427.7 | |
| Williams %R (14): | -69.90 | |
| Chande Momentum Oscillator (20): | -10.3 | |
| Repulse (5,40,3): | -1.2000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1000 | |
| Courbe Coppock: | 3.60 |
| MA7: | 430.9 | |
| MA20: | 434.4 | |
| MA50: | 421.4 | |
| MA100: | 392.7 | |
| MAexp7: | 429.8 | |
| MAexp20: | 431.8 | |
| MAexp50: | 420.5 | |
| MAexp100: | 396.3 | |
| Price / MA7: | -0.86% | |
| Price / MA20: | -1.66% | |
| Price / MA50: | +1.38% | |
| Price / MA100: | +8.79% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | +1.59% | |
| Price / MAexp100: | +7.80% |
Quotes :
2021-02-12 22:41:15
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10 min delayed data
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CBOT Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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