TEUCRIUM WHEAT FUND ETV - 1H - Technical analysis published on 05/11/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 10.69 USD
My targets
10.96 USD (+0.46%)
11.16 USD (+2.29%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on TEUCRIUM WHEAT FUND ETV as long as the price remains well above 10.69 USD. The buyers' bullish objective is set at 10.96 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 11.16 USD. If there is any crossing, the next objective would be the resistance located at 11.31 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Smurph77. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TEUCRIUM WHEAT FUND ETV rating 10.91 USD. The price registered an increase of +2.15% on the session with the lowest point at 10.78 USD and the highest point at 10.95 USD. The deviation from the price is +1.21% for the low point and -0.37% for the high point.10.78
10.95
10.91
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of TEUCRIUM WHEAT FUND ETV in 1H shows a strongly overall bullish trend. 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. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.35 | 10.54 | 10.69 | 10.91 | 10.96 | 11.16 | 11.31 |
| Change (%) | -5.13% | -3.39% | -2.02% | - | +0.46% | +2.29% | +3.67% |
| Change | -0.56 | -0.37 | -0.22 | - | +0.05 | +0.25 | +0.40 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | 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 | 10.64 | 10.71 | 10.81 | 10.88 | 10.98 | 11.05 | 11.15 |
| Camarilla | 10.86 | 10.88 | 10.89 | 10.91 | 10.93 | 10.94 | 10.96 |
| Woodie | 10.66 | 10.72 | 10.83 | 10.89 | 11.00 | 11.06 | 11.17 |
| Fibonacci | 10.71 | 10.78 | 10.82 | 10.88 | 10.95 | 10.99 | 11.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.73 | 10.04 | 10.52 | 10.83 | 11.31 | 11.62 | 12.10 |
| Camarilla | 10.78 | 10.86 | 10.93 | 11.00 | 11.07 | 11.15 | 11.22 |
| Woodie | 9.82 | 10.08 | 10.61 | 10.87 | 11.40 | 11.66 | 12.19 |
| Fibonacci | 10.04 | 10.34 | 10.53 | 10.83 | 11.13 | 11.32 | 11.62 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.97 | 8.81 | 9.62 | 10.46 | 11.27 | 12.11 | 12.92 |
| Camarilla | 9.97 | 10.12 | 10.27 | 10.42 | 10.57 | 10.72 | 10.87 |
| Woodie | 7.95 | 8.80 | 9.60 | 10.45 | 11.25 | 12.10 | 12.90 |
| Fibonacci | 8.81 | 9.44 | 9.83 | 10.46 | 11.09 | 11.48 | 12.11 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.99 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 4.54 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 10.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 10.61 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 11.04 | |
| Zig ZAG (10): | 10.91 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 57.60 | |
| TEMA (21): | 10.88 | |
| Williams %R (14): | -42.11 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 0.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 1.99 |
| MA7: | 10.76 | |
| MA20: | 10.81 | |
| MA50: | 10.54 | |
| MA100: | 9.06 | |
| MAexp7: | 10.88 | |
| MAexp20: | 10.88 | |
| MAexp50: | 10.82 | |
| MAexp100: | 10.77 | |
| Price / MA7: | +1.39% | |
| Price / MA20: | +0.93% | |
| Price / MA50: | +3.51% | |
| Price / MA100: | +20.42% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.28% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +1.30% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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