PALLADIUM

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	PA
ISIN:

PALLADIUM - Daily - Technical analysis published on 02/15/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 2,368.69 USD

My targets

2,498.68 USD (+3.77%)

2,670.23 USD (+10.89%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PALLADIUM as long as the price remains well above 2,368.69 USD. The buyers” bullish objective is set at 2,498.68 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,670.23 USD. If there is any crossing, the next objective would be the resistance located at 2,717.40 USD.

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

7.3

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PALLADIUM rating 2,408.00 USD. On the day, this instrument gained +1.07% and was between 2,365.00 USD and 2,410.00 USD. This implies that the price is at +1.82% from its lowest and at -0.08% from its highest.

2,365.00

2,410.00

2,408.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of PALLADIUM indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	2,208.40	2,290.60	2,368.69	2,408.00	2,498.68	2,717.40
Change (%)	-8.29%	-4.88%	-1.63%	-	+3.77%	+12.85%
Change	-199.60	-117.40	-39.31	-	+90.68	+309.40
Level	Minor	Intermediate	Major	-	Major	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,302.57	2,320.53	2,351.57	2,369.53	2,400.57	2,418.53	2,449.57
Camarilla	2,369.13	2,373.62	2,378.11	2,382.60	2,387.09	2,391.58	2,396.08
Woodie	2,309.10	2,323.80	2,358.10	2,372.80	2,407.10	2,421.80	2,456.10
Fibonacci	2,320.53	2,339.25	2,350.82	2,369.53	2,388.25	2,399.82	2,418.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,244.23	2,273.87	2,328.23	2,357.87	2,412.23	2,441.87	2,496.23
Camarilla	2,359.50	2,367.20	2,374.90	2,382.60	2,390.30	2,398.00	2,405.70
Woodie	2,256.60	2,280.05	2,340.60	2,364.05	2,424.60	2,448.05	2,508.60
Fibonacci	2,273.87	2,305.96	2,325.78	2,357.87	2,389.96	2,409.78	2,441.87

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,759.97	1,974.23	2,107.97	2,322.23	2,455.97	2,670.23	2,803.97
Camarilla	2,146.00	2,177.90	2,209.80	2,241.70	2,273.60	2,305.50	2,337.40
Woodie	1,719.70	1,954.10	2,067.70	2,302.10	2,415.70	2,650.10	2,763.70
Fibonacci	1,974.23	2,107.17	2,189.30	2,322.23	2,455.17	2,537.30	2,670.23

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):	58.82
MACD (12,26,9):	0.8800
Directional Movement:	6.92
AROON (14):	78.57
DEMA (21):	2,334.22
Parabolic SAR (0,02-0,02-0,2):	2,238.79
Elder Ray (13):	47.41
Super Trend (3,10):	2,450.65
Zig ZAG (10):	2,403.00
VORTEX (21):	0.9900
Stochastique (14,3,5):	92.46
TEMA (21):	2,343.66
Williams %R (14):	0.00
Chande Momentum Oscillator (20):	84.70
Repulse (5,40,3):	2.8300
ROCnROLL:	1
TRIX (15,9):	-0.0900
Courbe Coppock:	0.94

MA7:	2,353.10
MA20:	2,325.85
MA50:	2,351.07
MA100:	2,353.81
MAexp7:	2,356.06
MAexp20:	2,338.83
MAexp50:	2,344.91
MAexp100:	2,328.29
Price / MA7:	+2.33%
Price / MA20:	+3.53%
Price / MA50:	+2.42%
Price / MA100:	+2.30%
Price / MAexp7:	+2.20%
Price / MAexp20:	+2.96%
Price / MAexp50:	+2.69%
Price / MAexp100:	+3.42%

Quotes : 2021-02-15 12:18:18 - 10 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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