Post an Analysis Request an analysis AI Londinia analysis
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 03/23/2021 (GMT)

  • 189
  • 0
Londinia
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 2,571.97 USD
My targets
2,651.00 USD (+0.59%)
2,717.40 USD (+3.11%)
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 2,571.97 USD. The next resistance located at 2,651.00 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 2,717.40 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.3

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 2,635.50 USD. The price registered an increase of +1.36% on the session with the lowest point at 2,560.00 USD and the highest point at 2,644.50 USD. The deviation from the price is +2.95% for the low point and -0.34% for the high point.

2,560.00
2,644.50
2,635.50

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

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, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of PALLADIUM in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 2,447.00 2,495.60 2,550.00 2,635.50 2,651.00 2,717.40
Change (%) -7.15% -5.31% -3.24% - +0.59% +3.11%
Change -188.50 -139.90 -85.50 - +15.50 +81.90
Level Minor Major Intermediate - Minor 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
Standard2,448.802,499.402,549.802,600.402,650.802,701.402,751.80
Camarilla2,572.432,581.682,590.942,600.202,609.462,618.722,627.98
Woodie2,448.702,499.352,549.702,600.352,650.702,701.352,751.70
Fibonacci2,499.402,537.982,561.822,600.402,638.982,662.822,701.40


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,981.932,158.972,394.932,571.972,807.932,984.973,220.93
Camarilla2,517.332,555.182,593.042,630.902,668.762,706.622,744.48
Woodie2,011.402,173.702,424.402,586.702,837.402,999.703,250.40
Fibonacci2,158.972,316.732,414.202,571.972,729.732,827.202,984.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,936.332,075.672,212.332,351.672,488.332,627.672,764.33
Camarilla2,273.102,298.402,323.702,349.002,374.302,399.602,424.90
Woodie1,935.002,075.002,211.002,351.002,487.002,627.002,763.00
Fibonacci2,075.672,181.102,246.242,351.672,457.102,522.242,627.67

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): 58.61
MACD (12,26,9): -0.7300
Directional Movement: -0.53
AROON (14): 42.86
DEMA (21): 2,600.81
Parabolic SAR (0,02-0,02-0,2): 2,640.61
Elder Ray (13): 26.96
Super Trend (3,10): 2,569.06
Zig ZAG (10): 2,642.00
VORTEX (21): 1.0500
Stochastique (14,3,5): 84.78
TEMA (21): 2,604.45
Williams %R (14): -8.88
Chande Momentum Oscillator (20): 29.00
Repulse (5,40,3): 1.3300
ROCnROLL: 1
TRIX (15,9): -0.0300
Courbe Coppock: 0.43
MA7: 2,562.54
MA20: 2,421.30
MA50: 2,374.56
MA100: 2,369.43
MAexp7: 2,609.69
MAexp20: 2,603.20
MAexp50: 2,605.08
MAexp100: 2,578.22
Price / MA7: +2.85%
Price / MA20: +8.85%
Price / MA50: +10.99%
Price / MA100: +11.23%
Price / MAexp7: +0.99%
Price / MAexp20: +1.24%
Price / MAexp50: +1.17%
Price / MAexp100: +2.22%

Quotes : 2021-03-23 13:56:13 - 10 min delayed data - NYMEX Futures

News


Don"t forget to follow the news on PALLADIUM. At the time of publication of this analysis, the latest news was as follows:

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

About author

Londinia
Londinia AI

Online

Overall rating :
15913
Number of analyses :
96980
Followers :
0
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 PALLADIUM - 1H