ROUGH RICE

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Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	RR
ISIN:

ROUGH RICE - 1H - Technical analysis published on 03/23/2021 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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ROUGH RICE Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 13.048 USD

My targets

13.310 USD (+0.95%)

13.500 USD (+2.39%)

My analysis

ROUGH RICE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 13.048 USD. The next resistance located at 13.310 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 13.500 USD. After this resistance, buyers could then target 16.680 USD.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.8

Comment on the analysis

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 Vincent Launay.

Additional analysis

Quotes

The ROUGH RICE price is 13.185 USD. The price registered a decrease of -0.23% on the session and was between 13.175 USD and 13.250 USD. This implies that the price is at +0.08% from its lowest and at -0.49% from its highest.

13.175

13.250

13.185

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

Opening Gap UP

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:

Technical

A technical analysis in 1H of this ROUGH RICE chart shows a bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced 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.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.700	12.899	13.048	13.185	13.216	13.310	13.500
Change (%)	-3.68%	-2.17%	-1.04%	-	+0.24%	+0.95%	+2.39%
Change	-0.485	-0.286	-0.137	-	+0.031	+0.125	+0.315
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Major	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.063	13.097	13.163	13.197	13.263	13.297	13.363
Camarilla	13.203	13.212	13.221	13.230	13.239	13.248	13.258
Woodie	13.080	13.105	13.180	13.205	13.280	13.305	13.380
Fibonacci	13.097	13.135	13.159	13.197	13.235	13.259	13.297

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.685	12.805	12.975	13.095	13.265	13.385	13.555
Camarilla	13.065	13.092	13.118	13.145	13.172	13.198	13.225
Woodie	12.710	12.818	13.000	13.108	13.290	13.398	13.580
Fibonacci	12.805	12.916	12.984	13.095	13.206	13.274	13.385

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.868	12.242	12.663	13.037	13.458	13.832	14.253
Camarilla	12.866	12.939	13.012	13.085	13.158	13.231	13.304
Woodie	11.893	12.254	12.688	13.049	13.483	13.844	14.278
Fibonacci	12.242	12.545	12.733	13.037	13.340	13.528	13.832

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	71.17
MACD (12,26,9):	0.0400
Directional Movement:	29.749
AROON (14):	100.000
DEMA (21):	13.185
Parabolic SAR (0,02-0,02-0,2):	13.064
Elder Ray (13):	0.045
Super Trend (3,10):	13.084
Zig ZAG (10):	13.230
VORTEX (21):	1.0230
Stochastique (14,3,5):	86.51
TEMA (21):	13.211
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	0.130
Repulse (5,40,3):	0.3770
ROCnROLL:	1
TRIX (15,9):	0.0380
Courbe Coppock:	2.17

MA7:	13.110
MA20:	13.149
MA50:	13.112
MA100:	12.781
MAexp7:	13.188
MAexp20:	13.136
MAexp50:	13.100
MAexp100:	13.103
Price / MA7:	+0.57%
Price / MA20:	+0.27%
Price / MA50:	+0.56%
Price / MA100:	+3.16%
Price / MAexp7:	-0.02%
Price / MAexp20:	+0.37%
Price / MAexp50:	+0.65%
Price / MAexp100:	+0.63%

Quotes : 2021-03-23 13:55:22 - 10 min delayed data - CBOT Futures

News

The last news published on ROUGH RICE 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.

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