PALLADIUM - Daily - Technical analysis published on 01/19/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 1,897.40 USD
My targets
2,111.40 USD (+5.33%)
2,196.86 USD (+9.60%)
My analysis
PALLADIUM is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 1,897.40 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 2,111.40 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 2,196.86 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 2,500.00 USD. Beware of a possible return to under the support located at 1,897.40 USD which would be the sign of a correction of the bullish excesses registered in the short term.
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
5.2
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PALLADIUM rating 2,004.50 USD. On the day, this instrument gained +5.25% and was traded between 1,878.00 USD and 2,042.50 USD over the period. The price is currently at +6.74% from its lowest and -1.86% from its highest.1,878.00
2,042.50
2,004.50
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.
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:
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 Daily shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : Daily
In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
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
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,705.50 | 1,835.23 | 2,001.99 | 2,004.50 | 2,196.86 | 2,500.00 | 2,717.40 |
| Change (%) | -14.92% | -8.44% | -0.13% | - | +9.60% | +24.72% | +35.56% |
| Change | -299.00 | -169.27 | -2.51 | - | +192.36 | +495.50 | +712.90 |
| Level | Minor | Intermediate | Minor | - | Major | Major | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,812.07 | 1,839.53 | 1,872.07 | 1,899.53 | 1,932.07 | 1,959.53 | 1,992.07 |
| Camarilla | 1,888.10 | 1,893.60 | 1,899.10 | 1,904.60 | 1,910.10 | 1,915.60 | 1,921.10 |
| Woodie | 1,814.60 | 1,840.80 | 1,874.60 | 1,900.80 | 1,934.60 | 1,960.80 | 1,994.60 |
| Fibonacci | 1,839.53 | 1,862.45 | 1,876.61 | 1,899.53 | 1,922.45 | 1,936.61 | 1,959.53 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,716.80 | 1,783.40 | 1,830.80 | 1,897.40 | 1,944.80 | 2,011.40 | 2,058.80 |
| Camarilla | 1,846.85 | 1,857.30 | 1,867.75 | 1,878.20 | 1,888.65 | 1,899.10 | 1,909.55 |
| Woodie | 1,707.20 | 1,778.60 | 1,821.20 | 1,892.60 | 1,935.20 | 2,006.60 | 2,049.20 |
| Fibonacci | 1,783.40 | 1,826.95 | 1,853.85 | 1,897.40 | 1,940.95 | 1,967.85 | 2,011.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,132.40 | 1,331.70 | 1,621.90 | 1,821.20 | 2,111.40 | 2,310.70 | 2,600.90 |
| Camarilla | 1,777.49 | 1,822.36 | 1,867.23 | 1,912.10 | 1,956.97 | 2,001.84 | 2,046.71 |
| Woodie | 1,177.85 | 1,354.43 | 1,667.35 | 1,843.93 | 2,156.85 | 2,333.43 | 2,646.35 |
| Fibonacci | 1,331.70 | 1,518.69 | 1,634.21 | 1,821.20 | 2,008.19 | 2,123.71 | 2,310.70 |
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): | 61.75 | |
| MACD (12,26,9): | 18.7700 | |
| Directional Movement: | 9.35 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1,918.37 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,822.00 | |
| Elder Ray (13): | 50.13 | |
| Super Trend (3,10): | 1,704.21 | |
| Zig ZAG (10): | 2,015.50 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 52.28 | |
| TEMA (21): | 1,944.10 | |
| Williams %R (14): | -13.14 | |
| Chande Momentum Oscillator (20): | 187.00 | |
| Repulse (5,40,3): | 7.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 0.26 |
| MA7: | 1,914.24 | |
| MA20: | 1,918.87 | |
| MA50: | 1,885.13 | |
| MA100: | 1,958.11 | |
| MAexp7: | 1,925.39 | |
| MAexp20: | 1,899.25 | |
| MAexp50: | 1,909.54 | |
| MAexp100: | 2,010.37 | |
| Price / MA7: | +4.72% | |
| Price / MA20: | +4.46% | |
| Price / MA50: | +6.33% | |
| Price / MA100: | +2.37% | |
| Price / MAexp7: | +4.11% | |
| Price / MAexp20: | +5.54% | |
| Price / MAexp50: | +4.97% | |
| Price / MAexp100: | -0.29% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on PALLADIUM at the time of the generation of this analysis was as follows:
-
Will palladium continue to drive higher? – 27 November 2020
-
Will palladium set a new record high? – 6th February 2020
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“Buzz on the Street” Show: Palladium One Mining (TSX-V: PDM) (OTC: NKORF) News Report
-
Will palladium retest the recent all time high? – 21st November 2019
-
Will palladium see a pullback in the near term? – 17th October 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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