FEEDER CATTLE - Daily - Technical analysis published on 09/16/2022 (GMT)
- 158
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 181.593 USD
My targets
176.486 USD (-1.88%)
170.375 USD (-5.28%)
My analysis
The current short-term bearish acceleration registered on FEEDER CATTLE should quickly allow the basic trend to return to a bearish trend. To avoid contradicting the short term, traders could favour short positions (for sale) as long as the price remains well below 181.593 USD. Short-term sellers will use the support located at 176.486 USD as an objective. A bearish break of this support would revive the bearish momentum. The next bearish objective would then be set at 170.375 USD. Crossing this support would then open the door for sellers to target 167.925 USD. Caution, if there is a return to below 181.593 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend buyers, many of whom will certainly benefit from this movement.
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
3.4
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FEEDER CATTLE price is 179.875 USD. On the day, this instrument lost -0.58% and was between 179.575 USD and 180.775 USD. This implies that the price is at +0.17% from its lowest and at -0.50% from its highest.179.575
180.775
179.875
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this FEEDER CATTLE chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
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
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 167.925 | 170.375 | 176.486 | 179.875 | 181.593 | 186.050 | 189.917 |
| Change (%) | -6.64% | -5.28% | -1.88% | - | +0.96% | +3.43% | +5.58% |
| Change | -11.950 | -9.500 | -3.389 | - | +1.718 | +6.175 | +10.042 |
| Level | Intermediate | Major | Intermediate | - | Major | Intermediate | Major |
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 | 178.108 | 179.142 | 180.033 | 181.067 | 181.958 | 182.992 | 183.883 |
| Camarilla | 180.396 | 180.572 | 180.749 | 180.925 | 181.102 | 181.278 | 181.454 |
| Woodie | 178.038 | 179.106 | 179.963 | 181.031 | 181.888 | 182.956 | 183.813 |
| Fibonacci | 179.142 | 179.877 | 180.331 | 181.067 | 181.802 | 182.256 | 182.992 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.342 | 181.958 | 183.767 | 185.383 | 187.192 | 188.808 | 190.617 |
| Camarilla | 184.633 | 184.947 | 185.261 | 185.575 | 185.889 | 186.203 | 186.517 |
| Woodie | 180.438 | 182.006 | 183.863 | 185.431 | 187.288 | 188.856 | 190.713 |
| Fibonacci | 181.958 | 183.267 | 184.075 | 185.383 | 186.692 | 187.500 | 188.808 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 171.883 | 176.217 | 180.283 | 184.617 | 188.683 | 193.017 | 197.083 |
| Camarilla | 182.040 | 182.810 | 183.580 | 184.350 | 185.120 | 185.890 | 186.660 |
| Woodie | 171.750 | 176.150 | 180.150 | 184.550 | 188.550 | 192.950 | 196.950 |
| Fibonacci | 176.217 | 179.426 | 181.408 | 184.617 | 187.826 | 189.808 | 193.017 |
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): | 41.30 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -6.285 | |
| AROON (14): | -35.714 | |
| DEMA (21): | 182.644 | |
| Parabolic SAR (0,02-0,02-0,2): | 186.530 | |
| Elder Ray (13): | -2.315 | |
| Super Trend (3,10): | 179.092 | |
| Zig ZAG (10): | 180.275 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 22.40 | |
| TEMA (21): | 181.318 | |
| Williams %R (14): | -86.88 | |
| Chande Momentum Oscillator (20): | -3.225 | |
| Repulse (5,40,3): | -1.0150 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0070 | |
| Courbe Coppock: | 2.34 |
| MA7: | 182.279 | |
| MA20: | 183.576 | |
| MA50: | 183.490 | |
| MA100: | 179.370 | |
| MAexp7: | 181.788 | |
| MAexp20: | 183.129 | |
| MAexp50: | 182.652 | |
| MAexp100: | 181.689 | |
| Price / MA7: | -1.32% | |
| Price / MA20: | -2.02% | |
| Price / MA50: | -1.97% | |
| Price / MA100: | +0.28% | |
| Price / MAexp7: | -1.05% | |
| Price / MAexp20: | -1.78% | |
| Price / MAexp50: | -1.52% | |
| Price / MAexp100: | -1.00% |
Quotes :
-
10 min delayed data
-
CME Globex Futures
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FEEDER CATTLE - Daily