SEABOARD CORP. - 1H - Technical analysis published on 06/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
56%
33%
My opinion
Bearish under 3,145.34 USD
My targets
3,073.67 USD (-1.76%)
2,896.75 USD (-7.42%)
My analysis
SEABOARD CORP. 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 3,145.34 USD. The next support located at 3,073.67 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 2,896.75 USD. Below this support, sellers could then target 2,664.45 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.5
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SEABOARD CORP. rating 3,128.75 USD. On the day, this instrument lost -0.39% with the lowest point at 3,085.37 USD and the highest point at 3,153.86 USD. The deviation from the price is +1.41% for the low point and -0.80% for the high point.3,085.37
3,153.86
3,128.75
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this SEABOARD CORP. chart shows a sharp 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 scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 3,073.67 | 3,117.00 | 3,128.75 | 3,145.34 | 3,188.07 | 3,225.91 |
| Change (%) | -14.84% | -1.76% | -0.38% | - | +0.53% | +1.90% | +3.11% |
| Change | -464.30 | -55.08 | -11.75 | - | +16.59 | +59.32 | +97.16 |
| Level | Major | Major | Intermediate | - | Minor | 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 | 3,002.34 | 3,053.67 | 3,097.28 | 3,148.61 | 3,192.22 | 3,243.55 | 3,287.16 |
| Camarilla | 3,114.77 | 3,123.47 | 3,132.18 | 3,140.88 | 3,149.58 | 3,158.29 | 3,166.99 |
| Woodie | 2,998.47 | 3,051.74 | 3,093.41 | 3,146.68 | 3,188.35 | 3,241.62 | 3,283.29 |
| Fibonacci | 3,053.67 | 3,089.94 | 3,112.35 | 3,148.61 | 3,184.88 | 3,207.29 | 3,243.55 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,896.75 | 3,022.39 | 3,109.83 | 3,235.47 | 3,322.91 | 3,448.55 | 3,535.99 |
| Camarilla | 3,138.66 | 3,158.20 | 3,177.73 | 3,197.26 | 3,216.79 | 3,236.33 | 3,255.86 |
| Woodie | 2,877.64 | 3,012.84 | 3,090.72 | 3,225.92 | 3,303.80 | 3,439.00 | 3,516.88 |
| Fibonacci | 3,022.39 | 3,103.79 | 3,154.08 | 3,235.47 | 3,316.87 | 3,367.16 | 3,448.55 |
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): | 30.77 | |
| MACD (12,26,9): | -19.7800 | |
| Directional Movement: | -16.97 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 3,133.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,173.39 | |
| Elder Ray (13): | -46.40 | |
| Super Trend (3,10): | 3,208.37 | |
| Zig ZAG (10): | 3,106.00 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 22.19 | |
| TEMA (21): | 3,131.23 | |
| Williams %R (14): | -73.81 | |
| Chande Momentum Oscillator (20): | -45.08 | |
| Repulse (5,40,3): | -0.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 2.07 |
| MA7: | 3,169.70 | |
| MA20: | 3,274.22 | |
| MA50: | 3,243.78 | |
| MA100: | 3,305.62 | |
| MAexp7: | 3,135.64 | |
| MAexp20: | 3,157.24 | |
| MAexp50: | 3,192.18 | |
| MAexp100: | 3,230.16 | |
| Price / MA7: | -1.29% | |
| Price / MA20: | -4.44% | |
| Price / MA50: | -3.55% | |
| Price / MA100: | -5.35% | |
| Price / MAexp7: | -0.22% | |
| Price / MAexp20: | -0.90% | |
| Price / MAexp50: | -1.99% | |
| Price / MAexp100: | -3.14% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
Don't forget to follow the news on SEABOARD CORP.. At the time of publication of this analysis, the latest news was 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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