PLATINUM - 15 min. - Technical analysis published on 09/20/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 919.23 USD
My targets
892.63 USD (-1.56%)
881.39 USD (-2.80%)
My analysis
PLATINUM is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 919.23 USD. The next support located at 892.63 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 881.39 USD. Below this support, sellers could then target 782.10 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
7.1
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This analysis was given by ilkerplatinium. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PLATINUM rating 906.80 USD. On the day, this instrument lost -2.56% with the lowest point at 898.30 USD and the highest point at 934.30 USD. The deviation from the price is +0.95% for the low point and -2.94% for the high point.898.30
934.30
906.80
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 15 min. chart of PLATINUM indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : 15 minutes
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 15 minutes
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 2
Type : Neutral
Timeframe : 15 minutes
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 596.80 | 782.10 | 881.39 | 906.80 | 921.10 | 950.03 | 970.78 |
| Change (%) | -34.19% | -13.75% | -2.80% | - | +1.58% | +4.77% | +7.06% |
| Change | -310.00 | -124.70 | -25.41 | - | +14.30 | +43.23 | +63.98 |
| Level | Intermediate | Major | Minor | - | Intermediate | Major | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 892.63 | 907.57 | 919.23 | 934.17 | 945.83 | 960.77 | 972.43 |
| Camarilla | 923.59 | 926.02 | 928.46 | 930.90 | 933.34 | 935.78 | 938.22 |
| Woodie | 891.00 | 906.75 | 917.60 | 933.35 | 944.20 | 959.95 | 970.80 |
| Fibonacci | 907.57 | 917.73 | 924.01 | 934.17 | 944.33 | 950.61 | 960.77 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 868.73 | 892.17 | 911.53 | 934.97 | 954.33 | 977.77 | 997.13 |
| Camarilla | 919.13 | 923.05 | 926.98 | 930.90 | 934.82 | 938.75 | 942.67 |
| Woodie | 866.70 | 891.15 | 909.50 | 933.95 | 952.30 | 976.75 | 995.10 |
| Fibonacci | 892.17 | 908.52 | 918.62 | 934.97 | 951.32 | 961.42 | 977.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 834.47 | 894.23 | 946.37 | 1,006.13 | 1,058.27 | 1,118.03 | 1,170.17 |
| Camarilla | 967.73 | 977.99 | 988.24 | 998.50 | 1,008.76 | 1,019.02 | 1,029.27 |
| Woodie | 830.65 | 892.33 | 942.55 | 1,004.23 | 1,054.45 | 1,116.13 | 1,166.35 |
| Fibonacci | 894.23 | 936.98 | 963.39 | 1,006.13 | 1,048.88 | 1,075.29 | 1,118.03 |
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): | 17.34 | |
| MACD (12,26,9): | -6.9700 | |
| Directional Movement: | -41.78 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 907.44 | |
| Parabolic SAR (0,02-0,02-0,2): | 908.69 | |
| Elder Ray (13): | -5.83 | |
| Super Trend (3,10): | 916.12 | |
| Zig ZAG (10): | 905.50 | |
| VORTEX (21): | 0.6100 | |
| Stochastique (14,3,5): | 25.15 | |
| TEMA (21): | 902.65 | |
| Williams %R (14): | -72.38 | |
| Chande Momentum Oscillator (20): | -18.40 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 4.84 |
| MA7: | 934.86 | |
| MA20: | 966.16 | |
| MA50: | 1,006.36 | |
| MA100: | 1,079.50 | |
| MAexp7: | 907.80 | |
| MAexp20: | 916.07 | |
| MAexp50: | 924.23 | |
| MAexp100: | 928.35 | |
| Price / MA7: | -3.00% | |
| Price / MA20: | -6.14% | |
| Price / MA50: | -9.89% | |
| Price / MA100: | -16.00% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -1.01% | |
| Price / MAexp50: | -1.89% | |
| Price / MAexp100: | -2.32% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
Don't forget to follow the news on PLATINUM. At the time of publication of this analysis, the latest news 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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