SOYBEAN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	SOY
ISIN:

SOYBEAN - Daily - Technical analysis published on 08/16/2021 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 1,410.50 USD

My targets

1,320.00 USD (-3.65%)

1,268.00 USD (-7.45%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 1,410.50 USD remains possible. It is advisable to trade SOYBEAN with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1,410.50 USD. The next bearish objective for sellers is set at 1,320.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,268.00 USD. In case of crossing, the next objective would be the support located at 1,172.00 USD. PS: if there is a bullish break in the resistance located at 1,410.50 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

1.4

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 SOYBEAN rating is 1,370.00 USD. On the day, this instrument gained +0.37% with the lowest point at 1,360.75 USD and the highest point at 1,378.00 USD. The deviation from the price is +0.68% for the low point and -0.58% for the high point.

1,360.75

1,378.00

1,370.00

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of SOYBEAN in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

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

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,268.00	1,320.00	1,366.75	1,370.00	1,440.00	1,518.75	1,583.75
Change (%)	-7.45%	-3.65%	-0.24%	-	+5.11%	+10.86%	+15.60%
Change	-102.00	-50.00	-3.25	-	+70.00	+148.75	+213.75
Level	Major	Minor	Intermediate	-	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	1,305.83	1,317.92	1,341.83	1,353.92	1,377.83	1,389.92	1,413.83
Camarilla	1,355.85	1,359.15	1,362.45	1,365.75	1,369.05	1,372.35	1,375.65
Woodie	1,311.75	1,320.88	1,347.75	1,356.88	1,383.75	1,392.88	1,419.75
Fibonacci	1,317.92	1,331.67	1,340.17	1,353.92	1,367.67	1,376.17	1,389.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,289.50	1,306.25	1,336.00	1,352.75	1,382.50	1,399.25	1,429.00
Camarilla	1,352.96	1,357.23	1,361.49	1,365.75	1,370.01	1,374.28	1,378.54
Woodie	1,296.00	1,309.50	1,342.50	1,356.00	1,389.00	1,402.50	1,435.50
Fibonacci	1,306.25	1,324.01	1,334.99	1,352.75	1,370.51	1,381.49	1,399.25

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,175.50	1,238.00	1,293.00	1,355.50	1,410.50	1,473.00	1,528.00
Camarilla	1,315.69	1,326.46	1,337.23	1,348.00	1,358.77	1,369.54	1,380.31
Woodie	1,171.75	1,236.13	1,289.25	1,353.63	1,406.75	1,471.13	1,524.25
Fibonacci	1,238.00	1,282.89	1,310.62	1,355.50	1,400.39	1,428.12	1,473.00

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):	54.01
MACD (12,26,9):	-6.5900
Directional Movement:	4.95
AROON (14):	-35.71
DEMA (21):	1,340.41
Parabolic SAR (0,02-0,02-0,2):	1,323.00
Elder Ray (13):	19.70
Super Trend (3,10):	1,417.95
Zig ZAG (10):	1,370.00
VORTEX (21):	0.9700
Stochastique (14,3,5):	66.36
TEMA (21):	1,350.77
Williams %R (14):	-14.93
Chande Momentum Oscillator (20):	-8.50
Repulse (5,40,3):	2.1100
ROCnROLL:	-1
TRIX (15,9):	-0.1100
Courbe Coppock:	2.68

MA7:	1,346.32
MA20:	1,352.53
MA50:	1,371.48
MA100:	1,434.80
MAexp7:	1,351.81
MAexp20:	1,352.04
MAexp50:	1,377.92
MAexp100:	1,389.64
Price / MA7:	+1.76%
Price / MA20:	+1.29%
Price / MA50:	-0.11%
Price / MA100:	-4.52%
Price / MAexp7:	+1.35%
Price / MAexp20:	+1.33%
Price / MAexp50:	-0.57%
Price / MAexp100:	-1.41%

Quotes : - 10 min delayed data - CBOT Futures

News

The latest news and videos published on SOYBEAN 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 AI

Online

Overall rating :

15134

Number of analyses :

76869

Followers :

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…