Cocoa is currently on bearish momentum. At 12:05 EST on Monday, 3 May, Cocoa is at $2,372.00 and 5.02% down since the last session’s close.
Concerning Cocoa’s daily highs and lows, it’s 2.065% up from its trailing 14 days low of $2,324.00 and 4.777% down from its trailing 14 days high of $2,491.00.
Cocoa’s last week, last month’s, and last quarter’s current volatility was a negative 0.25%, a negative 0.03%, and a positive 2.13%, respectively.
Cocoa’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.99% (last week), 1.29% (last month), and 2.13% (last quarter), respectively.
Commodity Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Cocoa’s commodity is considered to be overbought (>=80).
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