ROUGH RICE

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	RR
ISIN:

ROUGH RICE - Daily - Technical analysis published on 07/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

78%

17%

My opinion

Bullish above 12.880 USD

My targets

13.655 USD (+2.59%)

14.490 USD (+8.87%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on ROUGH RICE as long as the price remains well above 12.880 USD. The buyers' bullish objective is set at 13.655 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 14.490 USD. If there is any crossing, the next objective would be the resistance located at 15.979 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

5.5

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ROUGH RICE rating is 13.310 USD. The price has increased by +0.91% since the last closing and was traded between 13.155 USD and 13.340 USD over the period. The price is currently at +1.18% from its lowest and -0.22% from its highest.

13.155

13.340

13.310

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by ROUGH RICE:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of ROUGH RICE in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.327	12.880	13.310	13.310	13.655	14.490	15.979
Change (%)	-7.39%	-3.23%	0%	-	+2.59%	+8.87%	+20.05%
Change	-0.983	-0.430	0	-	+0.345	+1.180	+2.669
Level	Major	Major	Major	-	Intermediate	Intermediate	Minor

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	13.012	13.083	13.197	13.268	13.382	13.453	13.567
Camarilla	13.259	13.276	13.293	13.310	13.327	13.344	13.361
Woodie	13.033	13.094	13.218	13.279	13.403	13.464	13.588
Fibonacci	13.083	13.154	13.198	13.268	13.339	13.383	13.453

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.288	12.527	12.868	13.107	13.448	13.687	14.028
Camarilla	13.051	13.104	13.157	13.210	13.263	13.316	13.370
Woodie	12.340	12.553	12.920	13.133	13.500	13.713	14.080
Fibonacci	12.527	12.748	12.885	13.107	13.328	13.465	13.687

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	10.800	11.545	12.505	13.250	14.210	14.955	15.915
Camarilla	12.996	13.152	13.309	13.465	13.621	13.778	13.934
Woodie	10.908	11.599	12.613	13.304	14.318	15.009	16.023
Fibonacci	11.545	12.196	12.599	13.250	13.901	14.304	14.955

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):	55.13
MACD (12,26,9):	0.0090
Directional Movement:	6.065
AROON (14):	-14.286
DEMA (21):	13.143
Parabolic SAR (0,02-0,02-0,2):	13.501
Elder Ray (13):	0.142
Super Trend (3,10):	12.680
Zig ZAG (10):	13.310
VORTEX (21):	1.0600
Stochastique (14,3,5):	62.85
TEMA (21):	13.194
Williams %R (14):	-23.81
Chande Momentum Oscillator (20):	0.495
Repulse (5,40,3):	1.2550
ROCnROLL:	1
TRIX (15,9):	-0.0260
Courbe Coppock:	2.48

MA7:	13.194
MA20:	13.188
MA50:	13.179
MA100:	13.269
MAexp7:	13.197
MAexp20:	13.148
MAexp50:	13.188
MAexp100:	13.166
Price / MA7:	+0.88%
Price / MA20:	+0.93%
Price / MA50:	+0.99%
Price / MA100:	+0.31%
Price / MAexp7:	+0.86%
Price / MAexp20:	+1.23%
Price / MAexp50:	+0.93%
Price / MAexp100:	+1.09%

Quotes : - 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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