PLATINUM - 1H - Technical analysis published on 09/21/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 923.67 USD
My targets
950.50 USD (+1.01%)
970.78 USD (+3.16%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on PLATINUM. This is a positive signal for buyers. As long as the price remains above 923.67 USD, a purchase could be considered. The first bullish objective is located at 950.50 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 970.78 USD as an objective. Crossing it would then enable buyers to target 984.60 USD. In the event of a return below 923.67 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
7
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Additional analysis
Quotes
PLATINUM rating 941.00 USD. The price registered an increase of +4.65% on the session and was between 902.20 USD and 945.60 USD. This implies that the price is at +4.30% from its lowest and at -0.49% from its highest.902.20
945.60
941.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PLATINUM:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of PLATINUM in 1H shows an overall bullish trend. 75.00% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 881.39 | 898.30 | 923.67 | 941.00 | 950.50 | 970.78 | 984.60 |
| Change (%) | -6.33% | -4.54% | -1.84% | - | +1.01% | +3.16% | +4.63% |
| Change | -59.61 | -42.70 | -17.33 | - | +9.50 | +29.78 | +43.60 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 842.07 | 867.53 | 883.37 | 908.83 | 924.67 | 950.13 | 965.97 |
| Camarilla | 887.84 | 891.63 | 895.41 | 899.20 | 902.99 | 906.77 | 910.56 |
| Woodie | 837.25 | 865.13 | 878.55 | 906.43 | 919.85 | 947.73 | 961.15 |
| Fibonacci | 867.53 | 883.31 | 893.06 | 908.83 | 924.61 | 934.36 | 950.13 |
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): | 74.13 | |
| MACD (12,26,9): | 6.1100 | |
| Directional Movement: | 26.44 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 927.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 909.17 | |
| Elder Ray (13): | 17.37 | |
| Super Trend (3,10): | 919.69 | |
| Zig ZAG (10): | 944.30 | |
| VORTEX (21): | 1.3200 | |
| Stochastique (14,3,5): | 90.14 | |
| TEMA (21): | 934.43 | |
| Williams %R (14): | -7.43 | |
| Chande Momentum Oscillator (20): | 29.30 | |
| Repulse (5,40,3): | 0.9500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 4.80 |
| MA7: | 931.66 | |
| MA20: | 972.23 | |
| MA50: | 1,011.50 | |
| MA100: | 1,081.87 | |
| MAexp7: | 928.04 | |
| MAexp20: | 921.24 | |
| MAexp50: | 920.01 | |
| MAexp100: | 926.37 | |
| Price / MA7: | +1.00% | |
| Price / MA20: | -3.21% | |
| Price / MA50: | -6.97% | |
| Price / MA100: | -13.02% | |
| Price / MAexp7: | +1.40% | |
| Price / MAexp20: | +2.14% | |
| Price / MAexp50: | +2.28% | |
| Price / MAexp100: | +1.58% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
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This member declared not having a position on this financial instrument or a related financial instrument.
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