PALLADIUM - 1H - Technical analysis published on 09/22/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 2,324.98 USD
My targets
2,250.30 USD (-1.38%)
2,161.73 USD (-5.26%)
My analysis
The bearish trend is currently very strong for PALLADIUM. As long as the price remains below the resistance at 2,324.98 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 2,250.30 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 2,161.73 USD as an objective. Crossing it would then enable sellers to target 2,037.70 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PALLADIUM rating 2,281.80 USD. The price has increased by +0.00% since the last closing and was traded between 2,265.00 USD and 2,316.80 USD over the period. The price is currently at +0.74% from its lowest and -1.51% from its highest.2,265.00
2,316.80
2,281.80
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this PALLADIUM chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,037.70 | 2,161.73 | 2,250.30 | 2,281.80 | 2,285.00 | 2,324.98 | 2,369.70 |
| Change (%) | -10.70% | -5.26% | -1.38% | - | +0.14% | +1.89% | +3.85% |
| Change | -244.10 | -120.07 | -31.50 | - | +3.20 | +43.18 | +87.90 |
| Level | Minor | Major | Intermediate | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,257.93 | 2,269.47 | 2,288.73 | 2,300.27 | 2,319.53 | 2,331.07 | 2,350.33 |
| Camarilla | 2,299.53 | 2,302.35 | 2,305.18 | 2,308.00 | 2,310.82 | 2,313.65 | 2,316.47 |
| Woodie | 2,261.80 | 2,271.40 | 2,292.60 | 2,302.20 | 2,323.40 | 2,333.00 | 2,354.20 |
| Fibonacci | 2,269.47 | 2,281.23 | 2,288.50 | 2,300.27 | 2,312.03 | 2,319.30 | 2,331.07 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,164.90 | 2,237.60 | 2,309.20 | 2,381.90 | 2,453.50 | 2,526.20 | 2,597.80 |
| Camarilla | 2,341.12 | 2,354.35 | 2,367.57 | 2,380.80 | 2,394.03 | 2,407.26 | 2,420.48 |
| Woodie | 2,164.35 | 2,237.33 | 2,308.65 | 2,381.63 | 2,452.95 | 2,525.93 | 2,597.25 |
| Fibonacci | 2,237.60 | 2,292.72 | 2,326.78 | 2,381.90 | 2,437.02 | 2,471.08 | 2,526.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,909.17 | 2,005.23 | 2,158.17 | 2,254.23 | 2,407.17 | 2,503.23 | 2,656.17 |
| Camarilla | 2,242.63 | 2,265.45 | 2,288.28 | 2,311.10 | 2,333.93 | 2,356.75 | 2,379.58 |
| Woodie | 1,937.60 | 2,019.45 | 2,186.60 | 2,268.45 | 2,435.60 | 2,517.45 | 2,684.60 |
| Fibonacci | 2,005.23 | 2,100.35 | 2,159.12 | 2,254.23 | 2,349.35 | 2,408.12 | 2,503.23 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.20 | |
| MACD (12,26,9): | -14.5200 | |
| Directional Movement: | -19.40 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 2,284.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,316.80 | |
| Elder Ray (13): | -15.19 | |
| Super Trend (3,10): | 2,332.82 | |
| Zig ZAG (10): | 2,277.80 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 25.23 | |
| TEMA (21): | 2,276.72 | |
| Williams %R (14): | -83.01 | |
| Chande Momentum Oscillator (20): | -3.50 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.30 |
| MA7: | 2,328.36 | |
| MA20: | 2,319.78 | |
| MA50: | 2,248.53 | |
| MA100: | 2,098.42 | |
| MAexp7: | 2,288.22 | |
| MAexp20: | 2,302.80 | |
| MAexp50: | 2,327.33 | |
| MAexp100: | 2,342.28 | |
| Price / MA7: | -2.00% | |
| Price / MA20: | -1.64% | |
| Price / MA50: | +1.48% | |
| Price / MA100: | +8.74% | |
| Price / MAexp7: | -0.28% | |
| Price / MAexp20: | -0.91% | |
| Price / MAexp50: | -1.96% | |
| Price / MAexp100: | -2.58% |
Quotes :
2020-09-22 08:11:30
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15 min delayed data
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NYMEX Futures
News
The latest news and videos published on PALLADIUM at the time of the analysis were as follows:
-
Will palladium set a new record high? – 6th February 2020
-
“Buzz on the Street” Show: Palladium One Mining (TSX-V: PDM) (OTC: NKORF) News Report
-
Will palladium retest the recent all time high? – 21st November 2019
-
Will palladium see a pullback in the near term? – 17th October 2019
-
Will palladium push lower in the near term? – 5th April 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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