PLATINUM - Daily - Technical analysis published on 04/18/2024 (GMT)
- 63
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 928.10 USD
My targets
962.06 USD (+1.00%)
1,022.30 USD (+7.33%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on PLATINUM as long as the price remains well above 928.10 USD. The buyers' bullish objective is set at 962.06 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,022.30 USD. If there is any crossing, the next objective would be the resistance located at 1,049.93 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
3.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Muhahaha. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PLATINUM rating 952.50 USD. The price registered a decrease of -0.18% on the session with the lowest point at 946.30 USD and the highest point at 954.00 USD. The deviation from the price is +0.66% for the low point and -0.16% for the high point.946.30
954.00
952.50
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PLATINUM:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PLATINUM indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 861.12 | 910.54 | 928.10 | 952.50 | 962.06 | 1,022.30 | 1,049.93 |
| Change (%) | -9.59% | -4.41% | -2.56% | - | +1.00% | +7.33% | +10.23% |
| Change | -91.38 | -41.96 | -24.40 | - | +9.56 | +69.80 | +97.43 |
| Level | Major | Minor | Major | - | Major | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 924.13 | 938.07 | 946.13 | 960.07 | 968.13 | 982.07 | 990.13 |
| Camarilla | 948.15 | 950.17 | 952.18 | 954.20 | 956.22 | 958.23 | 960.25 |
| Woodie | 921.20 | 936.60 | 943.20 | 958.60 | 965.20 | 980.60 | 987.20 |
| Fibonacci | 938.07 | 946.47 | 951.66 | 960.07 | 968.47 | 973.66 | 982.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 859.97 | 895.83 | 948.77 | 984.63 | 1,037.57 | 1,073.43 | 1,126.37 |
| Camarilla | 977.28 | 985.42 | 993.56 | 1,001.70 | 1,009.84 | 1,017.98 | 1,026.12 |
| Woodie | 868.50 | 900.10 | 957.30 | 988.90 | 1,046.10 | 1,077.70 | 1,134.90 |
| Fibonacci | 895.83 | 929.76 | 950.71 | 984.63 | 1,018.56 | 1,039.51 | 1,073.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 807.33 | 853.07 | 882.23 | 927.97 | 957.13 | 1,002.87 | 1,032.03 |
| Camarilla | 890.80 | 897.67 | 904.53 | 911.40 | 918.27 | 925.13 | 932.00 |
| Woodie | 799.05 | 848.93 | 873.95 | 923.83 | 948.85 | 998.73 | 1,023.75 |
| Fibonacci | 853.07 | 881.68 | 899.36 | 927.97 | 956.58 | 974.26 | 1,002.87 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.38 | |
| MACD (12,26,9): | 11.4500 | |
| Directional Movement: | 2.89 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 971.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,019.13 | |
| Elder Ray (13): | -12.52 | |
| Super Trend (3,10): | 927.07 | |
| Zig ZAG (10): | 953.30 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 48.65 | |
| TEMA (21): | 977.74 | |
| Williams %R (14): | -58.18 | |
| Chande Momentum Oscillator (20): | 18.90 | |
| Repulse (5,40,3): | -1.9400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1800 | |
| Courbe Coppock: | 10.79 |
| MA7: | 975.70 | |
| MA20: | 949.67 | |
| MA50: | 932.43 | |
| MA100: | 944.92 | |
| MAexp7: | 966.61 | |
| MAexp20: | 956.32 | |
| MAexp50: | 943.99 | |
| MAexp100: | 944.99 | |
| Price / MA7: | -2.38% | |
| Price / MA20: | +0.30% | |
| Price / MA50: | +2.15% | |
| Price / MA100: | +0.80% | |
| Price / MAexp7: | -1.46% | |
| Price / MAexp20: | -0.40% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +0.79% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
News
The latest news and videos published on PLATINUM at the time of the analysis were as follows:
-
Sylvania Platinum - executive interview
-
Queen's Platinum Jubilee attempt at record for longest ever picnic at Windsor Castle
-
Platinum Jubilee: Richard Griffin on the Queen's sense of humour
-
Platinum Jubilee: Highlights from the Queen's four-day celebrations
-
Platinum Jubilee: The People's Pageant delights crowds in London
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis PLATINUM - Daily