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PALLADIUM
PALLADIUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PA
ISIN:

PALLADIUM - 1H - Technical analysis published on 10/09/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 2,398.50 USD
My targets
2,437.30 USD (+0.50%)
2,526.90 USD (+4.19%)
My analysis
PALLADIUM is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2,398.50 USD. The next resistance located at 2,437.30 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2,526.90 USD. After this resistance, buyers could then target 2,615.20 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

PALLADIUM rating 2,425.20 USD. On the day, this instrument gained +0.92% and was traded between 2,392.00 USD and 2,428.30 USD over the period. The price is currently at +1.39% from its lowest and -0.13% from its highest.

2,392.00
2,428.30
2,425.20

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this PALLADIUM chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,350.33 2,369.70 2,398.50 2,425.20 2,437.30 2,615.20 2,717.40
Change (%) -3.09% -2.29% -1.10% - +0.50% +7.83% +12.05%
Change -74.87 -55.50 -26.70 - +12.10 +190.00 +292.20
Level Intermediate Intermediate Intermediate - Minor Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,284.932,325.572,356.032,396.672,427.132,467.772,498.23
Camarilla2,366.952,373.472,379.982,386.502,393.022,399.542,406.05
Woodie2,279.852,323.032,350.952,394.132,422.052,465.232,493.15
Fibonacci2,325.572,352.732,369.512,396.672,423.832,440.612,467.77


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,098.202,157.202,241.102,300.102,384.002,443.002,526.90
Camarilla2,285.702,298.802,311.902,325.002,338.102,351.202,364.30
Woodie2,110.652,163.432,253.552,306.332,396.452,449.232,539.35
Fibonacci2,157.202,211.792,245.512,300.102,354.692,388.412,443.00


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,920.672,052.732,190.472,322.532,460.272,592.332,730.07
Camarilla2,254.012,278.742,303.472,328.202,352.932,377.662,402.40
Woodie1,923.502,054.152,193.302,323.952,463.102,593.752,732.90
Fibonacci2,052.732,155.802,219.472,322.532,425.602,489.272,592.33

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): 64.72
MACD (12,26,9): 8.5400
Directional Movement: 21.39
AROON (14): -21.43
DEMA (21): 2,414.66
Parabolic SAR (0,02-0,02-0,2): 2,400.21
Elder Ray (13): 14.20
Super Trend (3,10): 2,388.40
Zig ZAG (10): 2,425.20
VORTEX (21): 1.0500
Stochastique (14,3,5): 70.95
TEMA (21): 2,417.33
Williams %R (14): -13.25
Chande Momentum Oscillator (20): 16.40
Repulse (5,40,3): 0.4100
ROCnROLL: 1
TRIX (15,9): 0.0400
Courbe Coppock: 0.82
MA7: 2,390.17
MA20: 2,330.36
MA50: 2,272.10
MA100: 2,141.97
MAexp7: 2,410.16
MAexp20: 2,404.02
MAexp50: 2,390.90
MAexp100: 2,373.58
Price / MA7: +1.47%
Price / MA20: +4.07%
Price / MA50: +6.74%
Price / MA100: +13.22%
Price / MAexp7: +0.62%
Price / MAexp20: +0.88%
Price / MAexp50: +1.43%
Price / MAexp100: +2.17%

Quotes : 2020-10-09 09:44:24 - 15 min delayed data - NYMEX Futures

News


The latest news and videos published on PALLADIUM at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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