SEABOARD CORP. - 1H - Technical analysis published on 06/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 3,188.07 USD
My targets
3,117.00 USD (-1.64%)
3,023.16 USD (-4.60%)
My analysis
The bearish trend is currently very strong for SEABOARD CORP.. As long as the price remains below the resistance at 3,188.07 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,117.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,023.16 USD as an objective. Crossing it would then enable sellers to target 2,664.45 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.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
7.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SEABOARD CORP. rating 3,168.86 USD. The price is lower by -0.25% since the last closing and was traded between 3,164.70 USD and 3,189.90 USD over the period. The price is currently at +0.13% from its lowest and -0.66% from its highest.3,164.70
3,189.90
3,168.86
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SEABOARD CORP.:
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 SEABOARD CORP. in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 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 : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 2,664.45 | 3,023.16 | 3,117.00 | 3,168.86 | 3,188.07 | 3,290.36 | 3,318.95 |
| Change (%) | -15.92% | -4.60% | -1.64% | - | +0.61% | +3.83% | +4.74% |
| Change | -504.41 | -145.70 | -51.86 | - | +19.21 | +121.50 | +150.09 |
| Level | Major | Major | Intermediate | - | Major | Minor | 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 | 3,031.47 | 3,093.14 | 3,134.96 | 3,196.63 | 3,238.45 | 3,300.12 | 3,341.94 |
| Camarilla | 3,148.32 | 3,157.81 | 3,167.29 | 3,176.78 | 3,186.27 | 3,195.75 | 3,205.24 |
| Woodie | 3,021.55 | 3,088.18 | 3,125.04 | 3,191.67 | 3,228.53 | 3,295.16 | 3,332.02 |
| Fibonacci | 3,093.14 | 3,132.67 | 3,157.10 | 3,196.63 | 3,236.16 | 3,260.59 | 3,300.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3,082.68 | 3,146.76 | 3,243.95 | 3,308.03 | 3,405.22 | 3,469.30 | 3,566.49 |
| Camarilla | 3,296.78 | 3,311.56 | 3,326.35 | 3,341.13 | 3,355.91 | 3,370.70 | 3,385.48 |
| Woodie | 3,099.23 | 3,155.04 | 3,260.50 | 3,316.31 | 3,421.77 | 3,477.58 | 3,583.04 |
| Fibonacci | 3,146.76 | 3,208.37 | 3,246.43 | 3,308.03 | 3,369.64 | 3,407.70 | 3,469.30 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,874.29 | 2,995.64 | 3,168.39 | 3,289.74 | 3,462.49 | 3,583.84 | 3,756.59 |
| Camarilla | 3,260.25 | 3,287.21 | 3,314.17 | 3,341.13 | 3,368.09 | 3,395.05 | 3,422.01 |
| Woodie | 2,899.98 | 3,008.49 | 3,194.08 | 3,302.59 | 3,488.18 | 3,596.69 | 3,782.28 |
| Fibonacci | 2,995.64 | 3,107.99 | 3,177.40 | 3,289.74 | 3,402.09 | 3,471.50 | 3,583.84 |
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): | 36.50 | |
| MACD (12,26,9): | -27.6900 | |
| Directional Movement: | -14.44 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3,180.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,235.18 | |
| Elder Ray (13): | -22.93 | |
| Super Trend (3,10): | 3,280.02 | |
| Zig ZAG (10): | 3,171.00 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 15.15 | |
| TEMA (21): | 3,168.32 | |
| Williams %R (14): | -77.69 | |
| Chande Momentum Oscillator (20): | -56.72 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 4.08 |
| MA7: | 3,251.88 | |
| MA20: | 3,310.94 | |
| MA50: | 3,247.21 | |
| MA100: | 3,327.12 | |
| MAexp7: | 3,183.57 | |
| MAexp20: | 3,214.91 | |
| MAexp50: | 3,253.55 | |
| MAexp100: | 3,278.10 | |
| Price / MA7: | -2.55% | |
| Price / MA20: | -4.29% | |
| Price / MA50: | -2.41% | |
| Price / MA100: | -4.76% | |
| Price / MAexp7: | -0.46% | |
| Price / MAexp20: | -1.43% | |
| Price / MAexp50: | -2.60% | |
| Price / MAexp100: | -3.33% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on SEABOARD CORP. at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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