FEEDER CATTLE - 1H - Technical analysis published on 12/08/2021 (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
78%
0%
22%
My opinion
Bullish above 162.825 USD
My targets
166.700 USD (+1.01%)
169.200 USD (+2.53%)
My analysis
A bullish trend on FEEDER CATTLE both in substance and in the short term. A purchase could be considered as long as the price remains above 162.825 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 166.700 USD. Then the price could move towards 169.200 USD. Then 195.600 USD by extension. Be careful, a return below 162.825 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.7
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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 FEEDER CATTLE price is 165.025 USD. The price registered a decrease of -0.14% on the session with the lowest point at 164.250 USD and the highest point at 165.700 USD. The deviation from the price is +0.47% for the low point and -0.41% for the high point.164.250
165.700
165.025
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical
Technical analysis of this 1H chart of FEEDER CATTLE indicates that the overall trend is bullish. The signals given by moving averages are 71.43% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
The probability of a further increase is high given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 156.792 | 160.892 | 162.825 | 165.025 | 166.700 | 169.200 | 195.600 |
| Change (%) | -4.99% | -2.50% | -1.33% | - | +1.01% | +2.53% | +18.53% |
| Change | -8.233 | -4.133 | -2.200 | - | +1.675 | +4.175 | +30.575 |
| Level | Intermediate | Major | Minor | - | Minor | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 162.917 | 163.583 | 164.367 | 165.033 | 165.817 | 166.483 | 167.267 |
| Camarilla | 164.751 | 164.884 | 165.017 | 165.150 | 165.283 | 165.416 | 165.549 |
| Woodie | 162.975 | 163.613 | 164.425 | 165.063 | 165.875 | 166.513 | 167.325 |
| Fibonacci | 163.583 | 164.137 | 164.479 | 165.033 | 165.587 | 165.929 | 166.483 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.017 | 160.108 | 162.117 | 165.208 | 167.217 | 170.308 | 172.317 |
| Camarilla | 162.723 | 163.190 | 163.658 | 164.125 | 164.593 | 165.060 | 165.528 |
| Woodie | 156.475 | 159.838 | 161.575 | 164.938 | 166.675 | 170.038 | 171.775 |
| Fibonacci | 160.108 | 162.057 | 163.260 | 165.208 | 167.157 | 168.360 | 170.308 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.775 | 146.775 | 156.300 | 162.300 | 171.825 | 177.825 | 187.350 |
| Camarilla | 161.556 | 162.979 | 164.402 | 165.825 | 167.248 | 168.671 | 170.094 |
| Woodie | 142.538 | 147.656 | 158.063 | 163.181 | 173.588 | 178.706 | 189.113 |
| Fibonacci | 146.775 | 152.706 | 156.370 | 162.300 | 168.231 | 171.895 | 177.825 |
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): | 51.85 | |
| MACD (12,26,9): | 0.0070 | |
| Directional Movement: | -0.515 | |
| AROON (14): | 50.000 | |
| DEMA (21): | 164.907 | |
| Parabolic SAR (0,02-0,02-0,2): | 163.345 | |
| Elder Ray (13): | 0.116 | |
| Super Trend (3,10): | 166.302 | |
| Zig ZAG (10): | 165.150 | |
| VORTEX (21): | 0.9990 | |
| Stochastique (14,3,5): | 76.23 | |
| TEMA (21): | 164.862 | |
| Williams %R (14): | -19.13 | |
| Chande Momentum Oscillator (20): | 1.200 | |
| Repulse (5,40,3): | 0.1770 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0120 | |
| Courbe Coppock: | 0.60 |
| MA7: | 165.243 | |
| MA20: | 162.524 | |
| MA50: | 160.018 | |
| MA100: | 160.698 | |
| MAexp7: | 165.039 | |
| MAexp20: | 164.943 | |
| MAexp50: | 164.645 | |
| MAexp100: | 163.448 | |
| Price / MA7: | -0.13% | |
| Price / MA20: | +1.54% | |
| Price / MA50: | +3.13% | |
| Price / MA100: | +2.69% | |
| Price / MAexp7: | +0.07% | |
| Price / MAexp20: | +0.13% | |
| Price / MAexp50: | +0.31% | |
| Price / MAexp100: | +1.04% |
Quotes :
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10 min delayed data
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CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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