Sahrin

Sahrin

The current outlook for Soybean Meal Futures (Dec 2024) leans bearish, as indicated by recent price actions and technical indicators. Downtrend: The price of Soybean Meal Futures is currently in a downtrend, marked by lower highs and lower lows, with the moving average line sloping downward. This suggests a prevailing negative sentiment among traders. ...

Sahrin

There are a few potential bearish momentum indicators present in the chart that suggest the price of Wheat Futures may continue to decline. The price of Wheat Futures dipped below its middle moving average. This could indicate bearish momentum, especially if the price stays below this line. Higher volume accompanied the recent drop in the price of Wheat...

Sahrin

There are a few potential bearish momentum indicators present in the chart that suggest the price of Wheat Futures may continue to decline. The price of Wheat Futures dipped below its middle moving average. This could indicate bearish momentum, especially if the price stays below this line. Higher volume accompanied the recent drop in the price of Wheat...

Sahrin

Breakout Above $170: If the price of AAVE breaks above the resistance level of $170 with strong volume, it could signal a continuation of the uptrend. The next target would be the upper Bollinger Band around $178. A breakout above this level could lead to further upward momentum. Price Above 20-Day Moving Average: The price of AAVE is currently trading above...

Sahrin

The price is in a downtrend in the recent days, indicated by the series of lower highs and lower lows from the last peak around $45. Current price level: $41.90, which marks a significant drop of -3.30% on the last candle. There seems to be support around $41, which has been tested multiple times (mid-August and today). A break below this level could signal...

Sahrin

Range: The upper band is around $0.10, and the lower band is around $0.085, defining a potential trading range. The price is below the middle Bollinger Band, which aligns with a possible bearish bias in the short term. There has been no strong breakout above the middle band, indicating that the downtrend may still be in play. Volume seems relatively steady...

Sahrin

Prices tested the upper Bollinger Band near 4400 in late September and early October, which acted as resistance. The market has since pulled back from this level, signaling a rejection of higher prices at this point. The price is now around 4156, and the 4100 level seems to be acting as a near-term support. The widening of the Bollinger Bands in the past...

Sahrin

Bollinger Bands: The price is currently near the lower Bollinger Band, indicating potential oversold conditions. If the price moves significantly below the lower band, it may signal further downside, but if it begins to rise from here, it could indicate a bounce back toward the middle or upper band. Moving Average: There is a moving average displayed in blue....

Sahrin

Uptrend: The stock has been in a strong uptrend, especially since the early part of 2024, as shown by the consistent pattern of higher highs and higher lows. The stock recently bounced back after a brief pullback and is attempting to break the resistance level around the $133.54 mark. Bollinger Bands: The price is trading near the upper Bollinger Band, which...

Sahrin

Resistance: There is resistance around $109.73 (based on the chart label on the right). The stock is nearing this level, so a breakout above could signal further bullish momentum. Support: A strong support zone seems to lie between $92 and $96 (from the previous lows in late September) The stock is in an uptrend with strong momentum but approaching resistance...

Sahrin

Short-term trend: Shopify has been in a short-term uptrend since August, following a bottom around $60. There is a series of higher highs and higher lows, which is a bullish indicator. Long-term trend: Over a longer period, from May to July, the stock showed a downtrend but has recovered strongly. However, it hasn't reached previous highs from earlier in the...

Sahrin

Price Action: The price has touched or moved near the lower band, which may indicate a short-term support area. However, since the price continues to move lower, it could signal bearish momentum. Support Levels: Around $1.30: This seems to be a key level where the price found temporary support after the recent drop. Resistance Levels: Around $1.50: The price...

Sahrin

Recent volume appears to be lower, indicating reduced trading activity, though the latest bars show an increase as the price falls again. The rise in volume during price declines may signal that sellers are stepping in with more strength. The overall trend since mid-April is downward, characterized by lower highs and lower lows, suggesting a sustained bearish...

Sahrin

The price has recently tested the lower Bollinger Band, suggesting oversold conditions or potential support around the $0.27 level. The price is consolidating in a tighter range over the last few months, suggesting that a breakout could be approaching. Watch for movement beyond the Bollinger Band upper or lower boundary. Support: The area around $0.27 appears...

Sahrin

The price has recently moved below the middle band, indicating short-term weakness. The lower Bollinger Band is acting as potential support near $4.60. The break below the middle Bollinger Band suggests a shift in momentum, potentially signaling the start of a downtrend on this timeframe. Volume is relatively low during the latest pullback, which could suggest...

Sahrin

The most recent candle is bearish (red) with a significant wick to the downside, indicating that sellers were dominant but may be losing momentum. Support: The price level around $0.41 has acted as a short-term support as it aligns with the lower Bollinger Band. Resistance: The price has struggled to break above the $0.425 level, which also aligns with the...

Sahrin

Short-Term Trend: The price seems to be in a short-term downtrend, as the overall movement from mid-July to September is trending downward. Support: Around $14.15 is the most recent significant low (from mid-September), which could serve as a support level. Another potential support is near $13.50 (June lows). Bollinger Bands The Bollinger Bands (red and...

Sahrin

The overall trend appears to be transitioning from a downtrend into a new uptrend. Current Price Position: The price is currently testing the upper Bollinger Band, which suggests increased volatility. If the price continues to close near or above this upper band, it could indicate strong bullish pressure. However, if the price gets rejected at the band, it...