FEEDER CATTLE - Daily - Technical analysis published on 03/02/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 163.915 USD
My targets
155.312 USD (-2.81%)
152.796 USD (-4.38%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FEEDER CATTLE as long as the price remains well below 163.915 USD. The sellers' bearish objective is set at 155.312 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 152.796 USD. In case of crossing, the next objective would be the support located at 147.697 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
6.3
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FEEDER CATTLE rating 159.800 USD. On the day, this instrument lost -1.36% and was between 159.150 USD and 161.950 USD. This implies that the price is at +0.41% from its lowest and at -1.33% from its highest.159.150
161.950
159.800
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of FEEDER CATTLE indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
In fact, 11 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
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 : Weekly
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 | 147.697 | 152.796 | 155.312 | 159.800 | 160.892 | 163.915 | 167.150 |
| Change (%) | -7.57% | -4.38% | -2.81% | - | +0.68% | +2.58% | +4.60% |
| Change | -12.103 | -7.004 | -4.488 | - | +1.092 | +4.115 | +7.350 |
| Level | Major | Intermediate | Minor | - | Major | Intermediate | Intermediate |
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 | 155.850 | 157.500 | 158.650 | 160.300 | 161.450 | 163.100 | 164.250 |
| Camarilla | 159.030 | 159.287 | 159.543 | 159.800 | 160.057 | 160.313 | 160.570 |
| Woodie | 155.600 | 157.375 | 158.400 | 160.175 | 161.200 | 162.975 | 164.000 |
| Fibonacci | 157.500 | 158.570 | 159.230 | 160.300 | 161.370 | 162.030 | 163.100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 151.192 | 156.033 | 160.392 | 165.233 | 169.592 | 174.433 | 178.792 |
| Camarilla | 162.220 | 163.063 | 163.907 | 164.750 | 165.593 | 166.437 | 167.280 |
| Woodie | 150.950 | 155.913 | 160.150 | 165.113 | 169.350 | 174.313 | 178.550 |
| Fibonacci | 156.033 | 159.548 | 161.719 | 165.233 | 168.748 | 170.919 | 174.433 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 149.592 | 156.083 | 162.067 | 168.558 | 174.542 | 181.033 | 187.017 |
| Camarilla | 164.619 | 165.763 | 166.907 | 168.050 | 169.194 | 170.337 | 171.481 |
| Woodie | 149.338 | 155.956 | 161.813 | 168.431 | 174.288 | 180.906 | 186.763 |
| Fibonacci | 156.083 | 160.849 | 163.793 | 168.558 | 173.324 | 176.268 | 181.033 |
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): | 30.41 | |
| MACD (12,26,9): | -1.7470 | |
| Directional Movement: | -20.923 | |
| AROON (14): | -64.286 | |
| DEMA (21): | 165.374 | |
| Parabolic SAR (0,02-0,02-0,2): | 170.920 | |
| Elder Ray (13): | -5.485 | |
| Super Trend (3,10): | 169.249 | |
| Zig ZAG (10): | 159.800 | |
| VORTEX (21): | 0.9420 | |
| Stochastique (14,3,5): | 11.54 | |
| TEMA (21): | 163.581 | |
| Williams %R (14): | -95.54 | |
| Chande Momentum Oscillator (20): | -11.275 | |
| Repulse (5,40,3): | -3.6930 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0320 | |
| Courbe Coppock: | 6.51 |
| MA7: | 164.721 | |
| MA20: | 168.769 | |
| MA50: | 168.750 | |
| MA100: | 167.414 | |
| MAexp7: | 163.935 | |
| MAexp20: | 167.090 | |
| MAexp50: | 168.060 | |
| MAexp100: | 168.014 | |
| Price / MA7: | -2.99% | |
| Price / MA20: | -5.31% | |
| Price / MA50: | -5.30% | |
| Price / MA100: | -4.55% | |
| Price / MAexp7: | -2.52% | |
| Price / MAexp20: | -4.36% | |
| Price / MAexp50: | -4.91% | |
| Price / MAexp100: | -4.89% |
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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