0 XP   0   0   0

Soybean Oil FuturesOct-2022

Check the daily chart of Soybean Oil FuturesOct-2022. The closing price of 2022-10-14 was USD 69.57 per share.

Soybean Oil FuturesOct-2022 Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Soybean Oil FuturesOct-2022 Daily Moving Averages ChartSoybean Oil FuturesOct-2022 Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Soybean Oil FuturesOct-2022:

  • The Moving Average Convergence/Divergence (MACD) is 0.797. The Moving Average Convergence/Divergence (MACD) above zero is a bullish sign. +1
  • The MACD is higher than the signal line. This is a bullish indication. +1
Soybean Oil FuturesOct-2022 Daily Moving Average Convergence/Divergence (MACD) ChartSoybean Oil FuturesOct-2022 Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Soybean Oil FuturesOct-2022:

  • The ADX is 9.264. Not trending. -2
  • The ADX is declining, there is no upcoming trend indication. -1
  • The +DI is higher than the -DI. The current trend is up. +2
Soybean Oil FuturesOct-2022 Daily Directional Movement Index (DMI) ChartSoybean Oil FuturesOct-2022 Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Soybean Oil FuturesOct-2022 Daily Parabolic SAR ChartSoybean Oil FuturesOct-2022 Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is above 50. +1
    Soybean Oil FuturesOct-2022 Daily Relative Strength Index (RSI) ChartSoybean Oil FuturesOct-2022 Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is above 50. +1
    • The Stochastic is above 70 and overbought. +2
    Soybean Oil FuturesOct-2022 Daily Stochastic Oscillator ChartSoybean Oil FuturesOct-2022 Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Soybean Oil FuturesOct-2022 Daily Commodity Channel Index (CCI) ChartSoybean Oil FuturesOct-2022 Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Soybean Oil FuturesOct-2022 Daily Chande Momentum Oscillator (CMO) ChartSoybean Oil FuturesOct-2022 Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Soybean Oil FuturesOct-2022 Daily Williams %R ChartSoybean Oil FuturesOct-2022 Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Soybean Oil FuturesOct-2022 Daily Bollinger Bands ChartSoybean Oil FuturesOct-2022 Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Soybean Oil FuturesOct-2022 Daily Average True Range (ATR) ChartSoybean Oil FuturesOct-2022 Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Soybean Oil FuturesOct-2022 Daily On-Balance Volume (OBV) ChartSoybean Oil FuturesOct-2022 Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Soybean Oil FuturesOct-2022 Daily Money Flow Index (MFI) ChartSoybean Oil FuturesOct-2022 Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Soybean Oil FuturesOct-2022.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2022-10-03STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2022-10-04MACD LONG ENTRY SHORT CLOSE
    2022-10-05SAR SHORT ENTRY LONG CLOSEprice crossed sar to downside
    2022-10-10CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    MFI20 crossover to upside
    2022-10-12STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    2022-10-13CCI LONG ENTRY SHORT CLOSE100 crossover to upside
    MFI20 crossover to downside

    5.2. Technical Score

    Let's check the technical score of Soybean Oil FuturesOct-2022 based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5056.621
    Ma 20Greater thanMa 5068.001
    Ma 50Greater thanMa 10067.366
    Ma 100Greater thanMa 20066.615
    OpenGreater thanClose69.570
    Total3/5 (60.0%)

    Comments

    Join the conversation.

    Leave a comment

    Stay informed with my latest content.

    Subscribe to my newsletter and receive an email as soon as I add content to PenkeTrading.com.


    By clicking Register, you agree to the General Terms and Conditions.
    Penke's Market Notifications
    ZCL.CC
    9 hours ago

    I found you a Golden Cross on the daily chart of ZCL.CC.

    ZCL.CC Daily Candlestick Chart
    XPC.CC
    9 hours ago

    I found you a STOCH Bullish Reversal Divergence on the daily chart of XPC.CC.

    XPC.CC Daily Candlestick Chart
    XNC.CC
    9 hours ago

    I found you a STOCH Bullish Reversal Divergence on the daily chart of XNC.CC.

    XNC.CC Daily Candlestick Chart
    XMY.CC
    9 hours ago

    I found you a Three White Soldiers Candle Pattern on the daily chart of XMY.CC.

    XMY.CC Daily Candlestick Chart
    XFT.CC
    10 hours ago

    I found you a Rising Three Methods Candle Pattern on the daily chart of XFT.CC.

    XFT.CC Daily Candlestick Chart
    WING.CC
    10 hours ago

    I found you a STOCH Bearish Reversal Divergence on the daily chart of WING.CC.

    WING.CC Daily Candlestick Chart
    vUSDC.CC
    10 hours ago

    I found you a Overbought RSI (Relative Strength Index) on the daily chart of vUSDC.CC.

    vUSDC.CC Daily Candlestick Chart
    VOLLAR.CC
    10 hours ago

    I found you a Oversold RSI (Relative Strength Index) on the daily chart of VOLLAR.CC.

    VOLLAR.CC Daily Candlestick Chart
    UUU.CC
    10 hours ago

    I found you a MACD Bearish Reversal Divergence on the daily chart of UUU.CC.

    UUU.CC Daily Candlestick Chart
    UGAS.CC
    10 hours ago

    I found you a Bearish Three Line Strike Candle Pattern on the daily chart of UGAS.CC.

    UGAS.CC Daily Candlestick Chart
    UBQ.CC
    10 hours ago

    I found you a Death Cross on the daily chart of UBQ.CC.

    UBQ.CC Daily Candlestick Chart
    TRXBULL.CC
    10 hours ago

    I found you a STOCH Bearish Hidden Divergence on the daily chart of TRXBULL.CC.

    TRXBULL.CC Daily Candlestick Chart
    TH.CC
    10 hours ago

    I found you a STOCH Bearish Hidden Divergence on the daily chart of TH.CC.

    TH.CC Daily Candlestick Chart
    THC.CC
    10 hours ago

    I found you a STOCH Bullish Reversal Divergence on the daily chart of THC.CC.

    THC.CC Daily Candlestick Chart
    TEL.CC
    10 hours ago

    I found you a Overbought RSI (Relative Strength Index) on the daily chart of TEL.CC.

    TEL.CC Daily Candlestick Chart
    SWG.CC
    10 hours ago

    I found you a Death Cross on the daily chart of SWG.CC.

    SWG.CC Daily Candlestick Chart
    SNC.CC
    10 hours ago

    I found you a Death Cross on the daily chart of SNC.CC.

    SNC.CC Daily Candlestick Chart
    SHROOM.CC
    10 hours ago

    I found you a Morning Star Candle Pattern on the daily chart of SHROOM.CC.

    SHROOM.CC Daily Candlestick Chart
    SATT.CC
    10 hours ago

    I found you a STOCH Bullish Reversal Divergence on the daily chart of SATT.CC.

    SATT.CC Daily Candlestick Chart
    RYO.CC
    10 hours ago

    I found you a Oversold RSI (Relative Strength Index) on the daily chart of RYO.CC.

    RYO.CC Daily Candlestick Chart
    REAP.CC
    10 hours ago

    I found you a Bearish Three Line Strike Candle Pattern on the daily chart of REAP.CC.

    REAP.CC Daily Candlestick Chart
    RBN.CC
    10 hours ago

    I found you a Death Cross on the daily chart of RBN.CC.

    RBN.CC Daily Candlestick Chart
    RAK.CC
    10 hours ago

    I found you a Overbought RSI (Relative Strength Index) on the daily chart of RAK.CC.

    RAK.CC Daily Candlestick Chart
    PLAY.CC
    10 hours ago

    I found you a Death Cross on the daily chart of PLAY.CC.

    PLAY.CC Daily Candlestick Chart