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 10/20/2021 (GMT)

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

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 2,080.22 USD
My targets
2,112.33 USD (+0.35%)
2,179.50 USD (+3.54%)
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 2,080.22 USD. The buyers' bullish objective is set at 2,112.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,179.50 USD. If there is any crossing, the next objective would be the resistance located at 2,207.54 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9

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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 2,105.00 USD. On the day, this instrument gained +0.20% and was traded between 2,084.00 USD and 2,112.50 USD over the period. The price is currently at +1.01% from its lowest and -0.36% from its highest.

2,084.00
2,112.50
2,105.00

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Central Gaps

Opening Gap UP

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 for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,970.50 2,018.50 2,080.22 2,105.00 2,112.33 2,179.50 2,207.54
Change (%) -6.39% -4.11% -1.18% - +0.35% +3.54% +4.87%
Change -134.50 -86.50 -24.78 - +7.33 +74.50 +102.54
Level Intermediate Intermediate Intermediate - Intermediate Minor Major



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
Standard1,935.271,972.632,036.772,074.132,138.272,175.632,239.77
Camarilla2,072.992,082.292,091.602,100.902,110.202,119.512,128.81
Woodie1,948.651,979.332,050.152,080.832,151.652,182.332,253.15
Fibonacci1,972.632,011.412,035.362,074.132,112.912,136.862,175.63


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,823.731,925.872,001.232,103.372,178.732,280.872,356.23
Camarilla2,027.792,044.062,060.332,076.602,092.872,109.142,125.41
Woodie1,810.351,919.181,987.852,096.682,165.352,274.182,342.85
Fibonacci1,925.871,993.672,035.562,103.372,171.172,213.062,280.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,049.631,437.571,670.632,058.572,291.632,679.572,912.63
Camarilla1,732.931,789.851,846.781,903.701,960.632,017.552,074.48
Woodie972.201,398.851,593.202,019.852,214.202,640.852,835.20
Fibonacci1,437.571,674.791,821.352,058.572,295.792,442.352,679.57

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): 58.95
MACD (12,26,9): 9.8800
Directional Movement: 17.52
AROON (14): 50.00
DEMA (21): 2,098.90
Parabolic SAR (0,02-0,02-0,2): 2,111.35
Elder Ray (13): 11.58
Super Trend (3,10): 2,067.10
Zig ZAG (10): 2,103.50
VORTEX (21): 1.1400
Stochastique (14,3,5): 39.67
TEMA (21): 2,102.73
Williams %R (14): -54.10
Chande Momentum Oscillator (20): -9.50
Repulse (5,40,3): 0.1400
ROCnROLL: 1
TRIX (15,9): 0.0900
Courbe Coppock: 0.97
MA7: 2,084.99
MA20: 1,987.09
MA50: 2,170.68
MA100: 2,438.54
MAexp7: 2,093.33
MAexp20: 2,085.24
MAexp50: 2,075.19
MAexp100: 2,073.18
Price / MA7: +0.96%
Price / MA20: +5.93%
Price / MA50: -3.03%
Price / MA100: -13.68%
Price / MAexp7: +0.56%
Price / MAexp20: +0.95%
Price / MAexp50: +1.44%
Price / MAexp100: +1.53%

Quotes : - 10 min delayed data - NYMEX Futures

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

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