LEAN HOGS - 1H - Technical analysis published on 05/19/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 110.175 USD
My targets
111.975 USD (+1.20%)
113.140 USD (+2.25%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on LEAN HOGS as long as the price remains well above 110.175 USD. The buyers' bullish objective is set at 111.975 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 113.140 USD. If there is any crossing, the next objective would be the resistance located at 114.475 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
4.5
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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
LEAN HOGS rating 110.650 USD. The price has increased by +1.84% since the last closing with the lowest point at 108.525 USD and the highest point at 111.175 USD. The deviation from the price is +1.96% for the low point and -0.47% for the high point.108.525
111.175
110.650
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
Here is a more detailed summary of the historical variations registered by LEAN HOGS:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of LEAN HOGS in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
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
SuperTrend indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 103.885 | 107.875 | 110.175 | 110.650 | 111.975 | 113.140 | 114.475 |
| Change (%) | -6.11% | -2.51% | -0.43% | - | +1.20% | +2.25% | +3.46% |
| Change | -6.765 | -2.775 | -0.475 | - | +1.325 | +2.490 | +3.825 |
| Level | Major | Intermediate | Major | - | Minor | 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 | 106.725 | 107.625 | 109.375 | 110.275 | 112.025 | 112.925 | 114.675 |
| Camarilla | 110.396 | 110.639 | 110.882 | 111.125 | 111.368 | 111.611 | 111.854 |
| Woodie | 107.150 | 107.838 | 109.800 | 110.488 | 112.450 | 113.138 | 115.100 |
| Fibonacci | 107.625 | 108.637 | 109.263 | 110.275 | 111.287 | 111.913 | 112.925 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 102.400 | 105.425 | 107.075 | 110.100 | 111.750 | 114.775 | 116.425 |
| Camarilla | 107.439 | 107.868 | 108.297 | 108.725 | 109.154 | 109.582 | 110.011 |
| Woodie | 101.713 | 105.081 | 106.388 | 109.756 | 111.063 | 114.431 | 115.738 |
| Fibonacci | 105.425 | 107.211 | 108.314 | 110.100 | 111.886 | 112.989 | 114.775 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.592 | 97.758 | 103.742 | 106.908 | 112.892 | 116.058 | 122.042 |
| Camarilla | 107.209 | 108.048 | 108.886 | 109.725 | 110.564 | 111.403 | 112.241 |
| Woodie | 96.000 | 98.463 | 105.150 | 107.613 | 114.300 | 116.763 | 123.450 |
| Fibonacci | 97.758 | 101.254 | 103.413 | 106.908 | 110.404 | 112.563 | 116.058 |
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): | 59.93 | |
| MACD (12,26,9): | -0.2150 | |
| Directional Movement: | 10.513 | |
| AROON (14): | 64.286 | |
| DEMA (21): | 109.427 | |
| Parabolic SAR (0,02-0,02-0,2): | 108.220 | |
| Elder Ray (13): | 1.020 | |
| Super Trend (3,10): | 108.283 | |
| Zig ZAG (10): | 111.125 | |
| VORTEX (21): | 1.0070 | |
| Stochastique (14,3,5): | 91.78 | |
| TEMA (21): | 109.695 | |
| Williams %R (14): | -1.54 | |
| Chande Momentum Oscillator (20): | 2.500 | |
| Repulse (5,40,3): | 1.4720 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0780 | |
| Courbe Coppock: | 0.31 |
| MA7: | 110.557 | |
| MA20: | 109.738 | |
| MA50: | 104.235 | |
| MA100: | 90.551 | |
| MAexp7: | 110.056 | |
| MAexp20: | 109.880 | |
| MAexp50: | 110.416 | |
| MAexp100: | 109.910 | |
| Price / MA7: | +0.08% | |
| Price / MA20: | +0.83% | |
| Price / MA50: | +6.15% | |
| Price / MA100: | +22.20% | |
| Price / MAexp7: | +0.97% | |
| Price / MAexp20: | +1.13% | |
| Price / MAexp50: | +0.64% | |
| Price / MAexp100: | +1.11% |
Quotes :
-
10 min delayed data
-
CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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