CORN - 15 min. - Technical analysis published on 11/05/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
50%
6%
44%
My opinion
Neutral between 416.42 USD and 419.83 USD
My targets
-
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 419.83 USD. The first support is located at 416.42 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by winewa8300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The CORN rating is 416.75 USD. On the day, this instrument gained +0.06% and was between 415.75 USD and 416.75 USD. This implies that the price is at +0.24% from its lowest and at 0% from its highest.415.75
416.75
416.75
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of CORN indicates that the overall trend is slightly bullish. 46.43% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
The probability of a further increase is slight 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 : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 412.92 | 414.75 | 416.50 | 416.75 | 421.25 | 424.00 | 458.12 |
| Change (%) | -0.92% | -0.48% | -0.06% | - | +1.08% | +1.74% | +9.93% |
| Change | -3.83 | -2.00 | -0.25 | - | +4.50 | +7.25 | +41.37 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 405.83 | 409.42 | 412.83 | 416.42 | 419.83 | 423.42 | 426.83 |
| Camarilla | 414.33 | 414.97 | 415.61 | 416.25 | 416.89 | 417.53 | 418.18 |
| Woodie | 405.75 | 409.38 | 412.75 | 416.38 | 419.75 | 423.38 | 426.75 |
| Fibonacci | 409.42 | 412.09 | 413.74 | 416.42 | 419.09 | 420.74 | 423.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 404.08 | 406.67 | 410.58 | 413.17 | 417.08 | 419.67 | 423.58 |
| Camarilla | 412.71 | 413.31 | 413.90 | 414.50 | 415.10 | 415.69 | 416.29 |
| Woodie | 404.75 | 407.00 | 411.25 | 413.50 | 417.75 | 420.00 | 424.25 |
| Fibonacci | 406.67 | 409.15 | 410.68 | 413.17 | 415.65 | 417.18 | 419.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 362.33 | 380.67 | 397.58 | 415.92 | 432.83 | 451.17 | 468.08 |
| Camarilla | 404.81 | 408.04 | 411.27 | 414.50 | 417.73 | 420.96 | 424.19 |
| Woodie | 361.63 | 380.31 | 396.88 | 415.56 | 432.13 | 450.81 | 467.38 |
| Fibonacci | 380.67 | 394.13 | 402.45 | 415.92 | 429.38 | 437.70 | 451.17 |
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): | 49.01 | |
| MACD (12,26,9): | -0.2900 | |
| Directional Movement: | -1.88 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 416.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 415.77 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 417.80 | |
| Zig ZAG (10): | 416.75 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 78.33 | |
| TEMA (21): | 416.21 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.13 |
| MA7: | 413.43 | |
| MA20: | 412.85 | |
| MA50: | 412.44 | |
| MA100: | 412.25 | |
| MAexp7: | 416.49 | |
| MAexp20: | 416.69 | |
| MAexp50: | 416.98 | |
| MAexp100: | 416.39 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +0.94% | |
| Price / MA50: | +1.05% | |
| Price / MA100: | +1.09% | |
| Price / MAexp7: | +0.06% | |
| Price / MAexp20: | +0.01% | |
| Price / MAexp50: | -0.06% | |
| Price / MAexp100: | +0.09% |
Quotes :
-
10 min delayed data
-
CBOT Futures
News
The last news published on CORN at the time of the generation of this analysis was as follows:
-
Farmers are battling corn surplus
-
Kellogg's apologizes after a Corn Pops box that some say 'teaches kids racism' ignites fury
-
Drought and corruption fuel corn crisis in Kenya | DW English
-
How corn mazes saved one family’s farming business
-
EU court backs Italian famer who grows GM corn against national law
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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