SENECA FOODS CORP. - Daily - Technical analysis published on 09/20/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 30.08 USD
My targets
31.61 USD (+3.95%)
33.51 USD (+10.19%)
My analysis
The bullish trend is currently very strong on SENECA FOODS CORP.. As long as the price remains above the support at 30.08 USD, you could try to benefit from the boom. The first bullish objective is located at 31.61 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 33.51 USD as an objective. Crossing it would then enable buyers to target 36.07 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SENECA FOODS CORP. price is 30.41 USD. The price has increased by +0.13% since the last closing and was between 30.33 USD and 31.14 USD. This implies that the price is at +0.26% from its lowest and at -2.34% from its highest.30.33
31.14
30.41
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SENECA FOODS CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, 13 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
RSI indicator: bearish divergence
Type : Bearish
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.41 | 27.87 | 30.08 | 30.41 | 31.61 | 33.51 | 36.07 |
| Change (%) | -16.44% | -8.35% | -1.09% | - | +3.95% | +10.19% | +18.61% |
| Change | -5.00 | -2.54 | -0.33 | - | +1.20 | +3.10 | +5.66 |
| Level | Intermediate | Major | Major | - | Major | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 28.41 | 29.39 | 29.88 | 30.86 | 31.35 | 32.33 | 32.82 |
| Camarilla | 29.97 | 30.10 | 30.24 | 30.37 | 30.51 | 30.64 | 30.77 |
| Woodie | 28.17 | 29.27 | 29.64 | 30.74 | 31.11 | 32.21 | 32.58 |
| Fibonacci | 29.39 | 29.95 | 30.30 | 30.86 | 31.42 | 31.77 | 32.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.32 | 26.02 | 28.81 | 30.52 | 33.31 | 35.01 | 37.80 |
| Camarilla | 30.36 | 30.78 | 31.19 | 31.60 | 32.01 | 32.42 | 32.84 |
| Woodie | 24.86 | 26.29 | 29.35 | 30.79 | 33.85 | 35.28 | 38.34 |
| Fibonacci | 26.02 | 27.74 | 28.80 | 30.52 | 32.23 | 33.29 | 35.01 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.48 | 20.48 | 23.98 | 27.98 | 31.48 | 35.48 | 38.98 |
| Camarilla | 25.42 | 26.11 | 26.79 | 27.48 | 28.17 | 28.86 | 29.54 |
| Woodie | 16.23 | 20.36 | 23.73 | 27.86 | 31.23 | 35.36 | 38.73 |
| Fibonacci | 20.48 | 23.35 | 25.12 | 27.98 | 30.85 | 32.62 | 35.48 |
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): | 60.70 | |
| MACD (12,26,9): | 0.9300 | |
| Directional Movement: | 17.71 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 30.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.98 | |
| Elder Ray (13): | 0.91 | |
| Super Trend (3,10): | 28.57 | |
| Zig ZAG (10): | 30.41 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 73.78 | |
| TEMA (21): | 31.09 | |
| Williams %R (14): | -36.86 | |
| Chande Momentum Oscillator (20): | 2.76 | |
| Repulse (5,40,3): | -3.7900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2800 | |
| Courbe Coppock: | 26.68 |
| MA7: | 30.99 | |
| MA20: | 28.68 | |
| MA50: | 28.55 | |
| MA100: | 27.08 | |
| MAexp7: | 30.51 | |
| MAexp20: | 29.29 | |
| MAexp50: | 28.37 | |
| MAexp100: | 27.82 | |
| Price / MA7: | -1.87% | |
| Price / MA20: | +6.03% | |
| Price / MA50: | +6.51% | |
| Price / MA100: | +12.30% | |
| Price / MAexp7: | -0.33% | |
| Price / MAexp20: | +3.82% | |
| Price / MAexp50: | +7.19% | |
| Price / MAexp100: | +9.31% |
News
The latest news and videos published on SENECA FOODS CORP. at the time of the analysis were as follows:
-
Seneca Foods
- Seneca Foods Reports a Sales Increase of 0.8% or $7.9 Million and Net Earnings of $14.3 Million for the Nine Months Ended December 31, 2016
- SENECA FOODS, Valspar debut industry-leading valPure® can linings in flagship Libby's® brand canned vegetables
- Global Canned Fruits Market 2016-2020: Key Vendors are CHB Group, Del Monte, Dole Food Company, Kraft Heinz, Rhodes Food & Seneca Foods
- Seneca Foods Reports a Sales Increase of 14.1% or $44.0 Million and a Net Earnings of $6.1 Million for the Quarter Ended October 1, 2016
This member declared not having a position on this financial instrument or a related financial instrument.
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