PLATINUM - 15 min. - Technical analysis published on 09/23/2021 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bullish
Technical indicators
11%
44%
44%
My opinion
Bullish above 983.47 USD
My targets
1,021.53 USD (+2.20%)
1,047.37 USD (+4.79%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on PLATINUM. As long as you are above the support located at 983.47 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,021.53 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1,047.37 USD as an objective. Crossing it would then enable buyers to target 1,085.43 USD. If the support 983.47 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.1
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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 999.50 USD. On the day, this instrument lost -0.16% with the lowest point at 990.80 USD and the highest point at 1,011.00 USD. The deviation from the price is +0.88% for the low point and -1.14% for the high point.990.80
1,011.00
999.50
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of PLATINUM indicates that the overall trend is bullish. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 15 minutes
Technical indicators are slightly bearish. There is therefore considerable uncertainty about the continuation of the decline.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 950.50 | 970.78 | 991.30 | 999.50 | 1,009.30 | 1,027.78 | 1,072.17 |
| Change (%) | -4.90% | -2.87% | -0.82% | - | +0.98% | +2.83% | +7.27% |
| Change | -49.00 | -28.72 | -8.20 | - | +9.80 | +28.28 | +72.67 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Major | Minor |
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 | 893.73 | 919.57 | 957.63 | 983.47 | 1,021.53 | 1,047.37 | 1,085.43 |
| Camarilla | 978.13 | 983.99 | 989.84 | 995.70 | 1,001.56 | 1,007.42 | 1,013.27 |
| Woodie | 899.85 | 922.63 | 963.75 | 986.53 | 1,027.65 | 1,050.43 | 1,091.55 |
| Fibonacci | 919.57 | 943.98 | 959.06 | 983.47 | 1,007.88 | 1,022.96 | 1,047.37 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 48.29 | |
| MACD (12,26,9): | 0.6600 | |
| Directional Movement: | 1.22 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 1,003.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,009.80 | |
| Elder Ray (13): | -2.79 | |
| Super Trend (3,10): | 1,008.85 | |
| Zig ZAG (10): | 999.90 | |
| VORTEX (21): | 1.0200 | |
| Stochastique (14,3,5): | 25.93 | |
| TEMA (21): | 1,002.67 | |
| Williams %R (14): | -71.24 | |
| Chande Momentum Oscillator (20): | -4.50 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.38 |
| MA7: | 948.64 | |
| MA20: | 973.93 | |
| MA50: | 1,006.17 | |
| MA100: | 1,077.05 | |
| MAexp7: | 1,001.53 | |
| MAexp20: | 1,001.41 | |
| MAexp50: | 998.47 | |
| MAexp100: | 990.46 | |
| Price / MA7: | +5.36% | |
| Price / MA20: | +2.63% | |
| Price / MA50: | -0.66% | |
| Price / MA100: | -7.20% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.19% | |
| Price / MAexp50: | +0.10% | |
| Price / MAexp100: | +0.91% |
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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