FEEDER CATTLE - Daily - Technical analysis published on 03/03/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
56%
17%
My opinion
Bearish under 167.150 USD
My targets
160.892 USD (-1.29%)
152.796 USD (-6.26%)
My analysis
The bearish trend is currently very strong for FEEDER CATTLE. As long as the price remains below the resistance at 167.150 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 160.892 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 152.796 USD as an objective. Crossing it would then enable sellers to target 147.697 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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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 163.000 USD. The price registered an increase of +2.00% on the session and was traded between 160.350 USD and 164.200 USD over the period. The price is currently at +1.65% from its lowest and -0.73% from its highest.160.350
164.200
163.000
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 LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a 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 strongly bearish. 82.14% of the signals given by moving averages are bearish. This strongly 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:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 147.697 | 152.796 | 160.892 | 163.000 | 163.915 | 167.150 | 169.950 |
Change (%) | -9.39% | -6.26% | -1.29% | - | +0.56% | +2.55% | +4.26% |
Change | -15.303 | -10.204 | -2.108 | - | +0.915 | +4.150 | +6.950 |
Level | Major | Intermediate | Major | - | Intermediate | Intermediate | 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 |
---|---|---|---|---|---|---|---|
Standard | 156.983 | 158.667 | 160.833 | 162.517 | 164.683 | 166.367 | 168.533 |
Camarilla | 161.941 | 162.294 | 162.647 | 163.000 | 163.353 | 163.706 | 164.059 |
Woodie | 157.225 | 158.788 | 161.075 | 162.638 | 164.925 | 166.488 | 168.775 |
Fibonacci | 158.667 | 160.137 | 161.046 | 162.517 | 163.987 | 164.896 | 166.367 |
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 | 142.283 | 150.717 | 156.858 | 165.292 | 171.433 | 179.867 | 186.008 |
Camarilla | 158.992 | 160.328 | 161.664 | 163.000 | 164.336 | 165.672 | 167.008 |
Woodie | 141.138 | 150.144 | 155.713 | 164.719 | 170.288 | 179.294 | 184.863 |
Fibonacci | 150.717 | 156.284 | 159.724 | 165.292 | 170.859 | 174.299 | 179.867 |
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): | 36.87 | |
MACD (12,26,9): | -1.5410 | |
Directional Movement: | -15.535 | |
AROON (14): | -64.286 | |
DEMA (21): | 165.579 | |
Parabolic SAR (0,02-0,02-0,2): | 169.750 | |
Elder Ray (13): | -3.949 | |
Super Trend (3,10): | 170.062 | |
Zig ZAG (10): | 163.000 | |
VORTEX (21): | 0.9460 | |
Stochastique (14,3,5): | 22.67 | |
TEMA (21): | 164.042 | |
Williams %R (14): | -73.59 | |
Chande Momentum Oscillator (20): | -7.575 | |
Repulse (5,40,3): | 2.6810 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.0440 | |
Courbe Coppock: | 6.91 |
MA7: | 164.525 | |
MA20: | 168.786 | |
MA50: | 168.820 | |
MA100: | 167.427 | |
MAexp7: | 164.611 | |
MAexp20: | 167.148 | |
MAexp50: | 168.061 | |
MAexp100: | 168.016 | |
Price / MA7: | -0.93% | |
Price / MA20: | -3.43% | |
Price / MA50: | -3.45% | |
Price / MA100: | -2.64% | |
Price / MAexp7: | -0.98% | |
Price / MAexp20: | -2.48% | |
Price / MAexp50: | -3.01% | |
Price / MAexp100: | -2.99% |
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.
About author
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…
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