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 09/13/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

44%

28%

My opinion

Bullish above 13.310 USD

My targets

13.739 USD (+1.88%)

14.490 USD (+7.45%)

My analysis

The basic bullish trend is very strong on ROUGH RICE but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 13.310 USD. Crossing the first resistance at 13.739 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 14.490 USD as an objective. Crossing it would then enable buyers to target 15.979 USD. Caution, a return to below 13.310 USD would be a sign of a consolidation phase in the short-term basic trend. 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 are indecisive, but do not change the general bullish opinion of this analysis.

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 13.485 USD. The price has increased by +1.32% since the last closing and was traded between 13.285 USD and 13.485 USD over the period. The price is currently at +1.51% from its lowest and 0% from its highest.

13.285

13.485

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

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 Daily of this ROUGH RICE chart shows a strongly bullish trend. The signals given by moving averages are 85.71% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

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, of the 18 technical indicators analysed by Central Analyzer, 8 are bullish, 5 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.307	12.880	13.310	13.485	13.739	14.490	15.979
Change (%)	-8.74%	-4.49%	-1.30%	-	+1.88%	+7.45%	+18.49%
Change	-1.178	-0.605	-0.175	-	+0.254	+1.005	+2.494
Level	Minor	Minor	Major	-	Intermediate	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	13.152	13.218	13.352	13.418	13.552	13.618	13.752
Camarilla	13.430	13.448	13.467	13.485	13.503	13.522	13.540
Woodie	13.185	13.235	13.385	13.435	13.585	13.635	13.785
Fibonacci	13.218	13.295	13.342	13.418	13.495	13.542	13.618

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.102	13.178	13.332	13.408	13.562	13.638	13.792
Camarilla	13.422	13.443	13.464	13.485	13.506	13.527	13.548
Woodie	13.140	13.198	13.370	13.428	13.600	13.658	13.830
Fibonacci	13.178	13.266	13.321	13.408	13.496	13.551	13.638

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.303	12.727	12.973	13.397	13.643	14.067	14.313
Camarilla	13.036	13.097	13.159	13.220	13.281	13.343	13.404
Woodie	12.215	12.683	12.885	13.353	13.555	14.023	14.225
Fibonacci	12.727	12.983	13.141	13.397	13.653	13.811	14.067

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):	54.10
MACD (12,26,9):	-0.0090
Directional Movement:	-0.141
AROON (14):	-42.857
DEMA (21):	13.413
Parabolic SAR (0,02-0,02-0,2):	13.650
Elder Ray (13):	0.080
Super Trend (3,10):	13.181
Zig ZAG (10):	13.500
VORTEX (21):	0.9780
Stochastique (14,3,5):	48.26
TEMA (21):	13.374
Williams %R (14):	-37.50
Chande Momentum Oscillator (20):	-0.030
Repulse (5,40,3):	0.9800
ROCnROLL:	1
TRIX (15,9):	-0.0050
Courbe Coppock:	2.73

MA7:	13.363
MA20:	13.458
MA50:	13.360
MA100:	13.388
MAexp7:	13.407
MAexp20:	13.418
MAexp50:	13.391
MAexp100:	13.324
Price / MA7:	+0.91%
Price / MA20:	+0.20%
Price / MA50:	+0.94%
Price / MA100:	+0.72%
Price / MAexp7:	+0.58%
Price / MAexp20:	+0.50%
Price / MAexp50:	+0.70%
Price / MAexp100:	+1.21%

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.

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