SOYBEAN

- USD (-)

- 10 min delayed data - CBOT Futures

Open:	-
Change:	-
Volume:	-

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

Type:	Commodities
Ticker:	SOY
ISIN:

SOYBEAN - Weekly - Technical analysis published on 09/24/2024 (GMT)

Londinia

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

17%

39%

My opinion

Bearish under 1,096.00 USD

My targets

999.00 USD (-4.15%)

912.85 USD (-12.42%)

My analysis

The bearish trend is currently very strong for SOYBEAN. As long as the price remains below the resistance at 1,096.00 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 999.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 912.85 USD as an objective. Crossing it would then enable sellers to target 824.25 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

5.2

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

Additional analysis

Quotes

SOYBEAN rating 1,042.25 USD. The price registered an increase of +3.60% over 5 days with the lowest point at 1,001.25 USD and the highest point at 1,058.25 USD. The deviation from the price is +4.09% for the low point and -1.51% for the high point.

1,001.25

1,058.25

1,042.25

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

Technical

A technical analysis in Weekly of this SOYBEAN chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

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

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	824.25	912.85	1,032.50	1,042.25	1,096.00	1,186.85	1,266.75
Change (%)	-20.92%	-12.42%	-0.94%	-	+5.16%	+13.87%	+21.54%
Change	-218.00	-129.40	-9.75	-	+53.75	+144.60	+224.50
Level	Minor	Major	Intermediate	-	Major	Major	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	990.50	1,001.25	1,020.25	1,031.00	1,050.00	1,060.75	1,079.75
Camarilla	1,031.07	1,033.80	1,036.52	1,039.25	1,041.98	1,044.70	1,047.43
Woodie	994.63	1,003.31	1,024.38	1,033.06	1,054.13	1,062.81	1,083.88
Fibonacci	1,001.25	1,012.62	1,019.64	1,031.00	1,042.37	1,049.39	1,060.75

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	977.00	988.00	1,000.00	1,011.00	1,023.00	1,034.00	1,046.00
Camarilla	1,005.68	1,007.78	1,009.89	1,012.00	1,014.11	1,016.22	1,018.33
Woodie	977.50	988.25	1,000.50	1,011.25	1,023.50	1,034.25	1,046.50
Fibonacci	988.00	996.79	1,002.21	1,011.00	1,019.79	1,025.21	1,034.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	869.00	912.00	956.00	999.00	1,043.00	1,086.00	1,130.00
Camarilla	976.08	984.05	992.03	1,000.00	1,007.98	1,015.95	1,023.93
Woodie	869.50	912.25	956.50	999.25	1,043.50	1,086.25	1,130.50
Fibonacci	912.00	945.23	965.77	999.00	1,032.23	1,052.77	1,086.00

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):	44.40
MACD (12,26,9):	-41.2000
Directional Movement:	-0.72
AROON (14):	-42.85
DEMA (21):	995.19
Parabolic SAR (0,02-0,02-0,2):	955.00
Elder Ray (13):	4.56
Super Trend (3,10):	1,089.62
Zig ZAG (10):	1,042.75
VORTEX (21):	0.8700
Stochastique (14,3,5):	38.28
TEMA (21):	990.30
Williams %R (14):	-47.69
Chande Momentum Oscillator (20):	-76.50
Repulse (5,40,3):	3.2400
ROCnROLL:	-1
TRIX (15,9):	-0.5700
Courbe Coppock:	20.32

MA7:	1,018.82
MA20:	1,009.75
MA50:	1,011.06
MA100:	1,068.11
MAexp7:	1,017.41
MAexp20:	1,051.51
MAexp50:	1,123.06
MAexp100:	1,151.96
Price / MA7:	+2.30%
Price / MA20:	+3.22%
Price / MA50:	+3.08%
Price / MA100:	-2.42%
Price / MAexp7:	+2.44%
Price / MAexp20:	-0.88%
Price / MAexp50:	-7.20%
Price / MAexp100:	-9.52%

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.

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