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ROUGH RICE
ROUGH RICE
- USD (-)
- 10 min delayed data - CBOT Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: RR
ISIN:

ROUGH RICE - 1H - Technical analysis published on 08/03/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 13.655 USD
My targets
13.310 USD (-1.37%)
13.020 USD (-3.52%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for ROUGH RICE as long as the price remains well below 13.655 USD. The sellers' bearish objective is set at 13.310 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 13.020 USD. If there is any crossing, the next objective would be the support located at 12.762 USD.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
2.9

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The ROUGH RICE price is 13.495 USD. The price is lower by -1.32% since the last closing and was traded between 13.470 USD and 13.685 USD over the period. The price is currently at +0.19% from its lowest and -1.39% from its highest.

13.470
13.685
13.495

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this ROUGH RICE chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour



The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 13.020 13.310 13.488 13.495 13.655 13.800 14.490
Change (%) -3.52% -1.37% -0.05% - +1.19% +2.26% +7.37%
Change -0.475 -0.185 -0.007 - +0.160 +0.305 +0.995
Level Minor Major Intermediate - Major Minor 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
Standard13.20013.33513.41513.55013.63013.76513.845
Camarilla13.43613.45613.47513.49513.51513.53413.554
Woodie13.17313.32113.38813.53613.60313.75113.818
Fibonacci13.33513.41713.46813.55013.63213.68313.765


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard13.07513.26513.47013.66013.86514.05514.260
Camarilla13.56613.60313.63913.67513.71113.74713.784
Woodie13.08313.26913.47813.66413.87314.05914.268
Fibonacci13.26513.41613.50913.66013.81113.90414.055


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard11.90012.32513.00013.42514.10014.52515.200
Camarilla13.37313.47313.57413.67513.77613.87713.978
Woodie12.02512.38813.12513.48814.22514.58815.325
Fibonacci12.32512.74513.00513.42513.84514.10514.525

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): 41.48
MACD (12,26,9): -0.0170
Directional Movement: -18.396
AROON (14): -35.714
DEMA (21): 13.589
Parabolic SAR (0,02-0,02-0,2): 13.640
Elder Ray (13): -0.085
Super Trend (3,10): 13.726
Zig ZAG (10): 13.500
VORTEX (21): 0.7750
Stochastique (14,3,5): 14.65
TEMA (21): 13.542
Williams %R (14): -86.05
Chande Momentum Oscillator (20): -0.125
Repulse (5,40,3): -0.6980
ROCnROLL: 2
TRIX (15,9): 0.0070
Courbe Coppock: 1.05
MA7: 13.589
MA20: 13.291
MA50: 13.202
MA100: 13.301
MAexp7: 13.554
MAexp20: 13.598
MAexp50: 13.560
MAexp100: 13.450
Price / MA7: -0.69%
Price / MA20: +1.53%
Price / MA50: +2.22%
Price / MA100: +1.46%
Price / MAexp7: -0.40%
Price / MAexp20: -0.72%
Price / MAexp50: -0.44%
Price / MAexp100: +0.37%

Quotes : - 10 min delayed data - CBOT Futures

News


The latest news and videos published on ROUGH RICE at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

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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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