SEABOARD CORP. - 1H - Technical analysis published on 10/22/2024 (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
11%
61%
28%
My opinion
Bearish under 3,017.21 USD
My targets
2,843.37 USD (-4.89%)
2,662.51 USD (-10.94%)
My analysis
The bearish trend is currently very strong for SEABOARD CORP.. As long as the price remains below the resistance at 3,017.21 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,843.37 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,662.51 USD as an objective. Crossing it would then enable sellers to target 1,678.42 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 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
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SEABOARD CORP. rating is 2,989.71 USD. The price is lower by -0.11% since the last closing and was between 2,950.00 USD and 3,010.00 USD. This implies that the price is at +1.35% from its lowest and at -0.67% from its highest.2,950.00
3,010.00
2,989.71
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SEABOARD CORP. indicates that the overall trend is strongly bearish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
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 : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,678.42 | 2,662.51 | 2,980.00 | 2,989.71 | 3,017.21 | 3,069.78 | 3,136.85 |
| Change (%) | -43.86% | -10.94% | -0.32% | - | +0.92% | +2.68% | +4.92% |
| Change | -1,311.29 | -327.20 | -9.71 | - | +27.50 | +80.07 | +147.14 |
| Level | Minor | Major | Intermediate | - | Major | Major | 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 | 2,907.21 | 2,943.61 | 2,968.33 | 3,004.73 | 3,029.45 | 3,065.85 | 3,090.57 |
| Camarilla | 2,976.25 | 2,981.86 | 2,987.46 | 2,993.06 | 2,998.66 | 3,004.27 | 3,009.87 |
| Woodie | 2,901.38 | 2,940.69 | 2,962.50 | 3,001.81 | 3,023.62 | 3,062.93 | 3,084.74 |
| Fibonacci | 2,943.61 | 2,966.96 | 2,981.38 | 3,004.73 | 3,028.08 | 3,042.50 | 3,065.85 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 41.37 | |
| MACD (12,26,9): | -10.5100 | |
| Directional Movement: | -0.74 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2,999.85 | |
| Parabolic SAR (0,02-0,02-0,2): | 3,054.09 | |
| Elder Ray (13): | -7.89 | |
| Super Trend (3,10): | 3,059.18 | |
| Zig ZAG (10): | 2,998.33 | |
| VORTEX (21): | 0.9200 | |
| Stochastique (14,3,5): | 22.67 | |
| TEMA (21): | 3,000.75 | |
| Williams %R (14): | -78.75 | |
| Chande Momentum Oscillator (20): | -16.89 | |
| Repulse (5,40,3): | -0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.37 |
| MA7: | 3,031.54 | |
| MA20: | 3,095.50 | |
| MA50: | 3,103.95 | |
| MA100: | 3,119.85 | |
| MAexp7: | 3,003.23 | |
| MAexp20: | 3,013.97 | |
| MAexp50: | 3,036.56 | |
| MAexp100: | 3,065.19 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | -3.42% | |
| Price / MA50: | -3.68% | |
| Price / MA100: | -4.17% | |
| Price / MAexp7: | -0.45% | |
| Price / MAexp20: | -0.80% | |
| Price / MAexp50: | -1.54% | |
| Price / MAexp100: | -2.46% |
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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