SEABOARD CORP. - Daily - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 3,160.33 USD
My targets
2,764.67 USD (-8.04%)
2,662.51 USD (-11.44%)
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 3,160.33 USD. The next support located at 2,764.67 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 2,662.51 USD. Below this support, sellers could then target 1,678.42 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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
SEABOARD CORP. rating 3,006.35 USD. On the day, this instrument lost -0.29% and was between 2,980.00 USD and 3,041.12 USD. This implies that the price is at +0.88% from its lowest and at -1.14% from its highest.2,980.00
3,041.12
3,006.35
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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
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 Daily of this SEABOARD CORP. chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
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 | 794.36 | 1,678.42 | 2,662.51 | 3,006.35 | 3,017.21 | 3,378.76 | 3,564.25 |
| Change (%) | -73.58% | -44.17% | -11.44% | - | +0.36% | +12.39% | +18.56% |
| Change | -2,211.99 | -1,327.93 | -343.84 | - | +10.86 | +372.41 | +557.90 |
| Level | Minor | Minor | Major | - | Major | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,916.69 | 2,956.84 | 2,985.93 | 3,026.08 | 3,055.17 | 3,095.32 | 3,124.41 |
| Camarilla | 2,995.97 | 3,002.32 | 3,008.66 | 3,015.01 | 3,021.36 | 3,027.70 | 3,034.05 |
| Woodie | 2,911.15 | 2,954.08 | 2,980.39 | 3,023.32 | 3,049.63 | 3,092.56 | 3,118.87 |
| Fibonacci | 2,956.84 | 2,983.29 | 2,999.63 | 3,026.08 | 3,052.53 | 3,068.87 | 3,095.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,843.37 | 2,915.70 | 2,965.35 | 3,037.68 | 3,087.33 | 3,159.66 | 3,209.31 |
| Camarilla | 2,981.47 | 2,992.65 | 3,003.83 | 3,015.01 | 3,026.19 | 3,037.37 | 3,048.56 |
| Woodie | 2,832.04 | 2,910.03 | 2,954.02 | 3,032.01 | 3,076.00 | 3,153.99 | 3,197.98 |
| Fibonacci | 2,915.70 | 2,962.29 | 2,991.08 | 3,037.68 | 3,084.27 | 3,113.06 | 3,159.66 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,764.67 | 2,904.33 | 3,020.67 | 3,160.33 | 3,276.67 | 3,416.33 | 3,532.67 |
| Camarilla | 3,066.60 | 3,090.07 | 3,113.53 | 3,137.00 | 3,160.47 | 3,183.93 | 3,207.40 |
| Woodie | 2,753.00 | 2,898.50 | 3,009.00 | 3,154.50 | 3,265.00 | 3,410.50 | 3,521.00 |
| Fibonacci | 2,904.33 | 3,002.13 | 3,062.54 | 3,160.33 | 3,258.13 | 3,318.54 | 3,416.33 |
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): | 38.69 | |
| MACD (12,26,9): | -31.3800 | |
| Directional Movement: | -5.89 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 3,044.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,104.69 | |
| Elder Ray (13): | -49.62 | |
| Super Trend (3,10): | 3,211.43 | |
| Zig ZAG (10): | 3,004.85 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 20.41 | |
| TEMA (21): | 3,016.32 | |
| Williams %R (14): | -87.70 | |
| Chande Momentum Oscillator (20): | -61.47 | |
| Repulse (5,40,3): | -1.6600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 7.26 |
| MA7: | 3,032.90 | |
| MA20: | 3,096.08 | |
| MA50: | 3,104.18 | |
| MA100: | 3,119.97 | |
| MAexp7: | 3,035.02 | |
| MAexp20: | 3,078.47 | |
| MAexp50: | 3,106.63 | |
| MAexp100: | 3,142.39 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | -2.90% | |
| Price / MA50: | -3.15% | |
| Price / MA100: | -3.64% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | -2.34% | |
| Price / MAexp50: | -3.23% | |
| Price / MAexp100: | -4.33% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The last news published on SEABOARD CORP. at the time of the generation of this analysis was as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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