SOYBEAN - 1H - Technical analysis published on 05/17/2021 (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:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 1,599.44 USD
My targets
1,575.12 USD (-0.40%)
1,553.61 USD (-1.76%)
My analysis
SOYBEAN is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,599.44 USD. The next support located at 1,575.12 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,553.61 USD. Below this support, sellers could then target 1,532.25 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.2
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This analysis was given by SuperLubeCrude. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SOYBEAN rating 1,581.50 USD. The price is lower by -0.30% since the last closing and was between 1,580.00 USD and 1,590.00 USD. This implies that the price is at +0.09% from its lowest and at -0.53% from its highest.1,580.00
1,590.00
1,581.50
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:
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
A technical analysis in 1H of this SOYBEAN chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,532.25 | 1,553.61 | 1,575.12 | 1,581.50 | 1,599.44 | 1,631.00 | 1,653.25 |
| Change (%) | -3.11% | -1.76% | -0.40% | - | +1.13% | +3.13% | +4.54% |
| Change | -49.25 | -27.89 | -6.38 | - | +17.94 | +49.50 | +71.75 |
| Level | Minor | Intermediate | Intermediate | - | Major | Intermediate | 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 | 1,538.67 | 1,557.83 | 1,574.42 | 1,593.58 | 1,610.17 | 1,629.33 | 1,645.92 |
| Camarilla | 1,581.17 | 1,584.45 | 1,587.72 | 1,591.00 | 1,594.28 | 1,597.55 | 1,600.83 |
| Woodie | 1,537.38 | 1,557.19 | 1,573.13 | 1,592.94 | 1,608.88 | 1,628.69 | 1,644.63 |
| Fibonacci | 1,557.83 | 1,571.49 | 1,579.93 | 1,593.58 | 1,607.24 | 1,615.68 | 1,629.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,459.42 | 1,516.33 | 1,553.67 | 1,610.58 | 1,647.92 | 1,704.83 | 1,742.17 |
| Camarilla | 1,565.08 | 1,573.72 | 1,582.36 | 1,591.00 | 1,599.64 | 1,608.28 | 1,616.92 |
| Woodie | 1,449.63 | 1,511.44 | 1,543.88 | 1,605.69 | 1,638.13 | 1,699.94 | 1,732.38 |
| Fibonacci | 1,516.33 | 1,552.34 | 1,574.58 | 1,610.58 | 1,646.59 | 1,668.83 | 1,704.83 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,201.08 | 1,283.92 | 1,409.08 | 1,491.92 | 1,617.08 | 1,699.92 | 1,825.08 |
| Camarilla | 1,477.05 | 1,496.12 | 1,515.18 | 1,534.25 | 1,553.32 | 1,572.38 | 1,591.45 |
| Woodie | 1,222.25 | 1,294.50 | 1,430.25 | 1,502.50 | 1,638.25 | 1,710.50 | 1,846.25 |
| Fibonacci | 1,283.92 | 1,363.37 | 1,412.46 | 1,491.92 | 1,571.37 | 1,620.46 | 1,699.92 |
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): | 37.19 | |
| MACD (12,26,9): | -6.0700 | |
| Directional Movement: | -9.52 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 1,588.33 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,603.73 | |
| Elder Ray (13): | -9.05 | |
| Super Trend (3,10): | 1,615.49 | |
| Zig ZAG (10): | 1,584.25 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 17.31 | |
| TEMA (21): | 1,586.57 | |
| Williams %R (14): | -93.13 | |
| Chande Momentum Oscillator (20): | -22.50 | |
| Repulse (5,40,3): | -0.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.81 |
| MA7: | 1,598.75 | |
| MA20: | 1,547.21 | |
| MA50: | 1,460.24 | |
| MA100: | 1,407.95 | |
| MAexp7: | 1,589.44 | |
| MAexp20: | 1,596.41 | |
| MAexp50: | 1,604.22 | |
| MAexp100: | 1,600.25 | |
| Price / MA7: | -1.08% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | +8.30% | |
| Price / MA100: | +12.33% | |
| Price / MAexp7: | -0.50% | |
| Price / MAexp20: | -0.93% | |
| Price / MAexp50: | -1.42% | |
| Price / MAexp100: | -1.17% |
Quotes :
-
10 min delayed data
-
CBOT Futures
News
The last news published on SOYBEAN at the time of the generation of this analysis was as follows:
-
Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
-
Soybean farmer: We would like to have markets, not aid
-
Impact of tariffs on America's soybean farmers
-
Will Trump's Truce With China Help Soybean Sales?
-
U.S. Trade Gap Hits 10-Year High In October As Soybean Exports Continue To Fall
This member declared not having a position on this financial instrument or a related financial instrument.
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