SEABOARD CORP. - 1H - Technical analysis published on 08/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 3,164.72 USD
My targets
3,040.30 USD (-1.35%)
3,016.44 USD (-2.12%)
My analysis
The bearish trend is currently very strong for SEABOARD CORP.. As long as the price remains below the resistance at 3,164.72 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 3,040.30 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 3,016.44 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
5.9
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
The SEABOARD CORP. price is 3,081.78 USD. On the day, this instrument lost -0.43% and was traded between 3,037.37 USD and 3,105.00 USD over the period. The price is currently at +1.46% from its lowest and -0.75% from its highest.3,037.37
3,105.00
3,081.78
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
A technical analysis in 1H of this SEABOARD CORP. chart shows a sharp bearish trend. 89.29% 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 5 are neutral and 7 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 3,016.44 | 3,040.30 | 3,081.78 | 3,095.44 | 3,164.72 | 3,197.06 |
| Change (%) | -13.54% | -2.12% | -1.35% | - | +0.44% | +2.69% | +3.74% |
| Change | -417.33 | -65.34 | -41.48 | - | +13.66 | +82.94 | +115.28 |
| Level | Major | Major | Minor | - | Minor | Minor | 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 | 3,011.68 | 3,032.79 | 3,063.89 | 3,085.00 | 3,116.10 | 3,137.21 | 3,168.31 |
| Camarilla | 3,080.63 | 3,085.42 | 3,090.20 | 3,094.99 | 3,099.78 | 3,104.56 | 3,109.35 |
| Woodie | 3,016.68 | 3,035.29 | 3,068.89 | 3,087.50 | 3,121.10 | 3,139.71 | 3,173.31 |
| Fibonacci | 3,032.79 | 3,052.73 | 3,065.06 | 3,085.00 | 3,104.94 | 3,117.27 | 3,137.21 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,999.96 | 3,069.35 | 3,130.64 | 3,200.03 | 3,261.32 | 3,330.71 | 3,392.00 |
| Camarilla | 3,155.98 | 3,167.96 | 3,179.94 | 3,191.92 | 3,203.90 | 3,215.88 | 3,227.86 |
| Woodie | 2,995.90 | 3,067.33 | 3,126.58 | 3,198.01 | 3,257.26 | 3,328.69 | 3,387.94 |
| Fibonacci | 3,069.35 | 3,119.27 | 3,150.11 | 3,200.03 | 3,249.95 | 3,280.79 | 3,330.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,833.77 | 2,922.60 | 3,085.26 | 3,174.09 | 3,336.75 | 3,425.58 | 3,588.24 |
| Camarilla | 3,178.75 | 3,201.80 | 3,224.86 | 3,247.91 | 3,270.96 | 3,294.02 | 3,317.07 |
| Woodie | 2,870.68 | 2,941.06 | 3,122.17 | 3,192.55 | 3,373.66 | 3,444.04 | 3,625.15 |
| Fibonacci | 2,922.60 | 3,018.67 | 3,078.02 | 3,174.09 | 3,270.16 | 3,329.51 | 3,425.58 |
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): | 38.13 | |
| MACD (12,26,9): | -22.1400 | |
| Directional Movement: | -10.38 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 3,067.22 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,100.00 | |
| Elder Ray (13): | -9.63 | |
| Super Trend (3,10): | 3,146.11 | |
| Zig ZAG (10): | 3,068.20 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 41.91 | |
| TEMA (21): | 3,061.67 | |
| Williams %R (14): | -61.96 | |
| Chande Momentum Oscillator (20): | -32.00 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 2.91 |
| MA7: | 3,150.35 | |
| MA20: | 3,143.42 | |
| MA50: | 3,140.83 | |
| MA100: | 3,191.94 | |
| MAexp7: | 3,077.35 | |
| MAexp20: | 3,097.77 | |
| MAexp50: | 3,129.94 | |
| MAexp100: | 3,138.68 | |
| Price / MA7: | -2.18% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -1.88% | |
| Price / MA100: | -3.45% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.52% | |
| Price / MAexp50: | -1.54% | |
| Price / MAexp100: | -1.81% |
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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