PLATINUM - 1H - Technical analysis published on 07/29/2021 (GMT)
- 106
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bullish
Technical indicators
72%
6%
22%
My opinion
Neutral between 1,053.53 USD and 1,072.42 USD
My targets
-
My analysis
The neutral short-term trend shows a weakening of the basic, slightly bullish trend on PLATINUM. It is difficult to advise a trading direction under these conditions. The first resistance is located at 1,072.42 USD. The first support is located at 1,053.53 USD. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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This analysis was given by emc3. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLATINUM rating is 1,063.60 USD. On the day, this instrument gained +0.52% with the lowest point at 1,062.70 USD and the highest point at 1,081.30 USD. The deviation from the price is +0.08% for the low point and -1.64% for the high point.1,062.70
1,081.30
1,063.60
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PLATINUM:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PLATINUM chart shows a slightly bullish trend. 57.14% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,044.30 | 1,053.53 | 1,062.23 | 1,063.60 | 1,072.42 | 1,084.32 | 1,097.03 |
| Change (%) | -1.81% | -0.95% | -0.13% | - | +0.83% | +1.95% | +3.14% |
| Change | -19.30 | -10.07 | -1.37 | - | +8.82 | +20.72 | +33.43 |
| Level | Intermediate | Minor | Minor | - | Major | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,022.40 | 1,033.50 | 1,045.80 | 1,056.90 | 1,069.20 | 1,080.30 | 1,092.60 |
| Camarilla | 1,051.67 | 1,053.81 | 1,055.96 | 1,058.10 | 1,060.25 | 1,062.39 | 1,064.54 |
| Woodie | 1,023.00 | 1,033.80 | 1,046.40 | 1,057.20 | 1,069.80 | 1,080.60 | 1,093.20 |
| Fibonacci | 1,033.50 | 1,042.44 | 1,047.96 | 1,056.90 | 1,065.84 | 1,071.36 | 1,080.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 966.93 | 1,004.57 | 1,031.83 | 1,069.47 | 1,096.73 | 1,134.37 | 1,161.63 |
| Camarilla | 1,041.25 | 1,047.20 | 1,053.15 | 1,059.10 | 1,065.05 | 1,071.00 | 1,076.95 |
| Woodie | 961.75 | 1,001.98 | 1,026.65 | 1,066.88 | 1,091.55 | 1,131.78 | 1,156.45 |
| Fibonacci | 1,004.57 | 1,029.36 | 1,044.68 | 1,069.47 | 1,094.26 | 1,109.58 | 1,134.37 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 824.63 | 923.17 | 1,002.03 | 1,100.57 | 1,179.43 | 1,277.97 | 1,356.83 |
| Camarilla | 1,032.12 | 1,048.38 | 1,064.64 | 1,080.90 | 1,097.16 | 1,113.42 | 1,129.69 |
| Woodie | 814.80 | 918.25 | 992.20 | 1,095.65 | 1,169.60 | 1,273.05 | 1,347.00 |
| Fibonacci | 923.17 | 990.93 | 1,032.80 | 1,100.57 | 1,168.33 | 1,210.20 | 1,277.97 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.24 | |
| MACD (12,26,9): | 5.2300 | |
| Directional Movement: | 11.61 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 1,073.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,066.85 | |
| Elder Ray (13): | 6.10 | |
| Super Trend (3,10): | 1,063.12 | |
| Zig ZAG (10): | 1,074.80 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 90.91 | |
| TEMA (21): | 1,076.98 | |
| Williams %R (14): | -10.79 | |
| Chande Momentum Oscillator (20): | 7.50 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.46 |
| MA7: | 1,069.47 | |
| MA20: | 1,087.47 | |
| MA50: | 1,116.57 | |
| MA100: | 1,163.44 | |
| MAexp7: | 1,073.72 | |
| MAexp20: | 1,067.43 | |
| MAexp50: | 1,063.02 | |
| MAexp100: | 1,065.11 | |
| Price / MA7: | -0.55% | |
| Price / MA20: | -2.20% | |
| Price / MA50: | -4.74% | |
| Price / MA100: | -8.58% | |
| Price / MAexp7: | -0.94% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.14% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The last news published on PLATINUM at the time of the generation of this analysis was as follows:
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This member declared not having a position on this financial instrument or a related financial instrument.
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