SOYBEAN - 1H - Technical analysis published on 09/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 1,041.75 USD
My targets
1,058.25 USD (+0.36%)
1,096.00 USD (+3.94%)
My analysis
The basic bullish trend is very strong on SOYBEAN 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 1,041.75 USD. Crossing the first resistance at 1,058.25 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1,096.00 USD as an objective. Crossing it would then enable buyers to target 1,186.85 USD. Caution, a return to below 1,041.75 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
0
10
3.8
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Additional analysis
Quotes
The SOYBEAN rating is 1,054.50 USD. The price registered an increase of +0.12% on the session and was traded between 1,050.50 USD and 1,064.75 USD over the period. The price is currently at +0.38% from its lowest and -0.96% from its highest.1,050.50
1,064.75
1,054.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SOYBEAN:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of SOYBEAN indicates that the overall trend is strongly bullish. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
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
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,021.00 | 1,032.50 | 1,041.75 | 1,054.50 | 1,058.25 | 1,096.00 | 1,186.85 |
| Change (%) | -3.18% | -2.09% | -1.21% | - | +0.36% | +3.94% | +12.55% |
| Change | -33.50 | -22.00 | -12.75 | - | +3.75 | +41.50 | +132.35 |
| Level | Major | Major | Minor | - | Intermediate | Major | Major |
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 | 1,014.92 | 1,023.08 | 1,038.17 | 1,046.33 | 1,061.42 | 1,069.58 | 1,084.67 |
| Camarilla | 1,046.86 | 1,048.99 | 1,051.12 | 1,053.25 | 1,055.38 | 1,057.51 | 1,059.64 |
| Woodie | 1,018.38 | 1,024.81 | 1,041.63 | 1,048.06 | 1,064.88 | 1,071.31 | 1,088.13 |
| Fibonacci | 1,023.08 | 1,031.97 | 1,037.45 | 1,046.33 | 1,055.22 | 1,060.70 | 1,069.58 |
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): | 51.38 | |
| MACD (12,26,9): | 3.9400 | |
| Directional Movement: | 2.35 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 1,059.60 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,064.52 | |
| Elder Ray (13): | 0.60 | |
| Super Trend (3,10): | 1,048.75 | |
| Zig ZAG (10): | 1,053.25 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 44.07 | |
| TEMA (21): | 1,060.25 | |
| Williams %R (14): | -75.93 | |
| Chande Momentum Oscillator (20): | -0.75 | |
| Repulse (5,40,3): | -0.6400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 1.15 |
| MA7: | 1,032.61 | |
| MA20: | 1,016.58 | |
| MA50: | 1,011.50 | |
| MA100: | 1,065.98 | |
| MAexp7: | 1,057.42 | |
| MAexp20: | 1,054.13 | |
| MAexp50: | 1,046.37 | |
| MAexp100: | 1,037.02 | |
| Price / MA7: | +2.12% | |
| Price / MA20: | +3.73% | |
| Price / MA50: | +4.25% | |
| Price / MA100: | -1.08% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | +0.78% | |
| Price / MAexp100: | +1.69% |
Quotes :
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10 min delayed data
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CBOT Futures
News
Don't forget to follow the news on SOYBEAN. At the time of publication of this analysis, the latest news was as follows:
-
Ahead Of Trump-Xi Meeting, USDA Announces Huge Soybean Sale To China
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Soybean farmer: We would like to have markets, not aid
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Impact of tariffs on America's soybean farmers
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Will Trump's Truce With China Help Soybean Sales?
-
U.S. Trade Gap Hits 10-Year High In October As Soybean Exports Continue To Fall
This member declared not having a position on this financial instrument or a related financial instrument.
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