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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 08/11/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
11%
50%
39%
My opinion
Bearish under 2,633.65 USD
My targets
2,590.00 USD (-1.18%)
2,500.00 USD (-4.62%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PALLADIUM as long as the price remains well below 2,633.65 USD. The sellers' bearish objective is set at 2,590.00 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2,500.00 USD. In case of crossing, the next objective would be the support located at 2,291.13 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.9

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 2,621.00 USD. The price is lower by -1.09% since the last closing and was traded between 2,610.00 USD and 2,660.00 USD over the period. The price is currently at +0.42% from its lowest and -1.47% from its highest.

2,610.00
2,660.00
2,621.00

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of PALLADIUM in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour



Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Black line without upper shadow

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,291.13 2,500.00 2,590.00 2,621.00 2,633.65 2,644.21 2,664.77
Change (%) -12.59% -4.62% -1.18% - +0.48% +0.89% +1.67%
Change -329.87 -121.00 -31.00 - +12.65 +23.21 +43.77
Level Intermediate Major Intermediate - Intermediate Minor 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
Standard2,534.002,563.002,606.502,635.502,679.002,708.002,751.50
Camarilla2,630.062,636.712,643.352,650.002,656.652,663.292,669.94
Woodie2,541.252,566.632,613.752,639.132,686.252,711.632,758.75
Fibonacci2,563.002,590.702,607.812,635.502,663.202,680.312,708.00


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,514.172,569.332,598.172,653.332,682.172,737.332,766.17
Camarilla2,603.902,611.602,619.302,627.002,634.702,642.402,650.10
Woodie2,501.002,562.752,585.002,646.752,669.002,730.752,753.00
Fibonacci2,569.332,601.422,621.252,653.332,685.422,705.252,737.33


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,207.832,386.672,525.332,704.172,842.833,021.673,160.33
Camarilla2,576.692,605.792,634.902,664.002,693.102,722.212,751.31
Woodie2,187.752,376.632,505.252,694.132,822.753,011.633,140.25
Fibonacci2,386.672,507.952,582.882,704.172,825.452,900.383,021.67

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): 42.65
MACD (12,26,9): 1.3300
Directional Movement: -13.95
AROON (14): -7.15
DEMA (21): 2,641.29
Parabolic SAR (0,02-0,02-0,2): 2,663.41
Elder Ray (13): -20.80
Super Trend (3,10): 2,655.81
Zig ZAG (10): 2,620.00
VORTEX (21): 0.9300
Stochastique (14,3,5): 30.17
TEMA (21): 2,638.58
Williams %R (14): -84.00
Chande Momentum Oscillator (20): -24.50
Repulse (5,40,3): -0.8600
ROCnROLL: 2
TRIX (15,9): 0.0400
Courbe Coppock: 0.08
MA7: 2,636.09
MA20: 2,648.25
MA50: 2,706.08
MA100: 2,753.30
MAexp7: 2,644.33
MAexp20: 2,639.45
MAexp50: 2,633.56
MAexp100: 2,635.99
Price / MA7: -0.57%
Price / MA20: -1.03%
Price / MA50: -3.14%
Price / MA100: -4.81%
Price / MAexp7: -0.88%
Price / MAexp20: -0.70%
Price / MAexp50: -0.48%
Price / MAexp100: -0.57%

Quotes : - 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.

About author

Londinia
Londinia AI

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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…

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