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 11/02/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

11%

72%

17%

My opinion

Bearish under 13.739 USD

My targets

13.310 USD (-1.22%)

12.880 USD (-4.42%)

My analysis

The basic trend is currently slightly bearish on ROUGH RICE and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 13.739 USD, sales could be favoured. The first bearish objective would be located at 13.310 USD. Sellers would then use the next support located at 12.880 USD as an objective. Crossing it would then enable sellers to target 12.310 USD. A return to above the resistance at 13.739 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

3.8

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

Additional analysis

Quotes

The ROUGH RICE rating is 13.475 USD. The price registered a decrease of -0.66% on the session and was between 13.465 USD and 13.685 USD. This implies that the price is at +0.07% from its lowest and at -1.53% from its highest.

13.465

13.685

13.475

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of ROUGH RICE indicates that the overall trend is slightly bearish. 53.57% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish trend reversal : adaptative moving average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a strong bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	12.310	12.880	13.310	13.475	13.739	13.992	14.490
Change (%)	-8.65%	-4.42%	-1.22%	-	+1.96%	+3.84%	+7.53%
Change	-1.165	-0.595	-0.165	-	+0.264	+0.517	+1.015
Level	Minor	Minor	Major	-	Minor	Intermediate	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	13.178	13.322	13.398	13.542	13.618	13.762	13.838
Camarilla	13.415	13.435	13.455	13.475	13.495	13.515	13.536
Woodie	13.145	13.305	13.365	13.525	13.585	13.745	13.805
Fibonacci	13.322	13.406	13.458	13.542	13.626	13.678	13.762

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.128	13.332	13.448	13.652	13.768	13.972	14.088
Camarilla	13.477	13.506	13.536	13.565	13.594	13.624	13.653
Woodie	13.085	13.310	13.405	13.630	13.725	13.950	14.045
Fibonacci	13.332	13.454	13.529	13.652	13.774	13.849	13.972

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.578	13.022	13.248	13.692	13.918	14.362	14.588
Camarilla	13.291	13.352	13.414	13.475	13.536	13.598	13.659
Woodie	12.470	12.968	13.140	13.638	13.810	14.308	14.480
Fibonacci	13.022	13.278	13.436	13.692	13.948	14.106	14.362

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):	41.95
MACD (12,26,9):	-0.0430
Directional Movement:	-3.360
AROON (14):	-64.286
DEMA (21):	13.631
Parabolic SAR (0,02-0,02-0,2):	14.041
Elder Ray (13):	-0.135
Super Trend (3,10):	13.925
Zig ZAG (10):	13.525
VORTEX (21):	0.9310
Stochastique (14,3,5):	5.15
TEMA (21):	13.550
Williams %R (14):	-91.05
Chande Momentum Oscillator (20):	-0.330
Repulse (5,40,3):	-1.0660
ROCnROLL:	2
TRIX (15,9):	0.0010
Courbe Coppock:	2.70

MA7:	13.558
MA20:	13.719
MA50:	13.647
MA100:	13.464
MAexp7:	13.576
MAexp20:	13.664
MAexp50:	13.638
MAexp100:	13.531
Price / MA7:	-0.61%
Price / MA20:	-1.78%
Price / MA50:	-1.26%
Price / MA100:	+0.08%
Price / MAexp7:	-0.74%
Price / MAexp20:	-1.38%
Price / MAexp50:	-1.20%
Price / MAexp100:	-0.41%

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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