LEAN HOGS
LEAN HOGS
- USD (-)
- 10 min delayed data - CME Globex Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: HEXXXX
ISIN: HEXXXX

LEAN HOGS - 1H - Technical analysis published on 05/19/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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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

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by LEAN HOGS:
The Central Records scanner for higher/lower results shows the following items:

Central Records

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:

Central Indicators

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:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

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


S3S2S1PriceR1R2R3
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
Standard106.725107.625109.375110.275112.025112.925114.675
Camarilla110.396110.639110.882111.125111.368111.611111.854
Woodie107.150107.838109.800110.488112.450113.138115.100
Fibonacci107.625108.637109.263110.275111.287111.913112.925


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard102.400105.425107.075110.100111.750114.775116.425
Camarilla107.439107.868108.297108.725109.154109.582110.011
Woodie101.713105.081106.388109.756111.063114.431115.738
Fibonacci105.425107.211108.314110.100111.886112.989114.775


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard94.59297.758103.742106.908112.892116.058122.042
Camarilla107.209108.048108.886109.725110.564111.403112.241
Woodie96.00098.463105.150107.613114.300116.763123.450
Fibonacci97.758101.254103.413106.908110.404112.563116.058

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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