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PLATINUM
PLATINUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PL
ISIN:

PLATINUM - 1H - Technical analysis published on 02/18/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bearish
De fond: Slightly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1,280.99 USD
My targets
1,225.87 USD (-2.94%)
1,220.74 USD (-3.35%)
My analysis
The basic trend is currently slightly bearish on PLATINUM and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 1,280.99 USD, sales could be favoured. The first bearish objective would be located at 1,225.87 USD. Sellers would then use the next support located at 1,220.74 USD as an objective. Crossing it would then enable sellers to target 1,177.50 USD. A return to above the resistance at 1,280.99 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
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.

savas
This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

PLATINUM rating 1,263.00 USD. The price has increased by +0.42% since the last closing and was between 1,256.90 USD and 1,296.10 USD. This implies that the price is at +0.49% from its lowest and at -2.55% from its highest.

1,256.90
1,296.10
1,263.00

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PLATINUM:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this PLATINUM chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

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


Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



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

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,138.80 1,177.50 1,220.74 1,263.00 1,280.99 1,313.24 1,348.20
Change (%) -9.83% -6.77% -3.35% - +1.42% +3.98% +6.75%
Change -124.20 -85.50 -42.26 - +17.99 +50.24 +85.20
Level Major Minor Intermediate - Major Intermediate Major



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,194.131,212.971,235.331,254.171,276.531,295.371,317.73
Camarilla1,246.371,250.151,253.921,257.701,261.481,265.251,269.03
Woodie1,195.901,213.851,237.101,255.051,278.301,296.251,319.50
Fibonacci1,212.971,228.711,238.431,254.171,269.911,279.631,295.37


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,027.031,082.271,170.631,225.871,314.231,369.471,457.83
Camarilla1,219.511,232.671,245.841,259.001,272.161,285.331,298.49
Woodie1,043.601,090.551,187.201,234.151,330.801,377.751,474.40
Fibonacci1,082.271,137.121,171.011,225.871,280.721,314.611,369.47


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard893.00952.001,045.401,104.401,197.801,256.801,350.20
Camarilla1,096.891,110.861,124.831,138.801,152.771,166.741,180.71
Woodie910.20960.601,062.601,113.001,215.001,265.401,367.40
Fibonacci952.001,010.221,046.181,104.401,162.621,198.581,256.80

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): 47.43
MACD (12,26,9): 0.9400
Directional Movement: -2.79
AROON (14): 28.57
DEMA (21): 1,272.45
Parabolic SAR (0,02-0,02-0,2): 1,289.67
Elder Ray (13): -5.04
Super Trend (3,10): 1,255.01
Zig ZAG (10): 1,264.50
VORTEX (21): 1.0900
Stochastique (14,3,5): 33.91
TEMA (21): 1,275.30
Williams %R (14): -81.12
Chande Momentum Oscillator (20): -18.20
Repulse (5,40,3): -0.6500
ROCnROLL: 2
TRIX (15,9): 0.0200
Courbe Coppock: 1.33
MA7: 1,267.49
MA20: 1,168.95
MA50: 1,106.53
MA100: 1,010.49
MAexp7: 1,273.40
MAexp20: 1,271.69
MAexp50: 1,273.17
MAexp100: 1,266.92
Price / MA7: -0.35%
Price / MA20: +8.05%
Price / MA50: +14.14%
Price / MA100: +24.99%
Price / MAexp7: -0.82%
Price / MAexp20: -0.68%
Price / MAexp50: -0.80%
Price / MAexp100: -0.31%

Quotes : 2021-02-18 11:25:12 - 10 min delayed data - NYMEX Futures

News


The last news published on PLATINUM at the time of the generation of this analysis was 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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