Corn Day (C.FUT)

Close: 412.75 (+0.25), Sep 18, 2024
Weak Positive

chart Corn Day (C) Candlesticks 22 Days
Candlesticks
chart Corn Day (C) Short term
Short term: Positive
chart Corn Day (C) Medium term
Medium term: Weak Positive
chart Corn Day (C) Long term
Long term: Weak Negative
chart Corn Day (C)
RSI - Relative Strength Index

Short term

Corn Day has broken through the ceiling of a falling trend channel in the short term. This indicates a slower falling rate initially, or the start of a more horizontal development. The future has given a positive signal from the inverse head and shoulders formation by a break up through the resistance at 390. Further rise to 421 or more is signaled. The future has broken up through resistance at 406. This predicts a further rise. The short term momentum of the future is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Corn Day. The future is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 89)

Medium term

Corn Day is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. The future is between support at 400 and resistance at 440. A definitive break through of one of these levels predicts the new direction. The future is assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 27)

Long term

Investors have accepted lower prices over time to get out of Corn Day and the future is in a falling trend channel in the long term. Falling trends indicate that the future experiences negative development and falling buy interest among investors. The price has had a strong fall after the negative signal from the head and shoulders formation at the break down through the support at 632. The objective at 415 is now met, but the formation signals further development in the same direction. The future has support at 300 and resistance at 500. Volume tops and volume bottoms correspond well with tops and bottoms in the price. This weakens the falling trend and could be an early signal of a coming trend break. The future is overall assessed as technically slightly negative for the long term.

Recommendation one to six quarters: Weak Negative (Score: -50)


Overall analysis

Corn Day is technically positive for the short and medium term, but negative for the long term.

Recommendation one to six months: Weak Positive (Score: 36)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.23%48.94+0.06%
5 days93.104.04%67.83+8.76%
22 days29.4010.62%32.88+11.40%
66 days2.1221.84%40.99-9.98%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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