PLATINUM - 15 min. - Technical analysis published on 01/17/2022 (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 bullish
Underlying:
Neutral
Technical indicators
44%
17%
39%
My opinion
Bullish above 958.40 USD
My targets
975.90 USD (+0.70%)
987.20 USD (+1.87%)
My analysis
The strong short-term increase of PLATINUM should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 958.40 USD, a purchase could be considered. The first bullish objective is located at 975.90 USD. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 987.20 USD. If there is any crossing, the next objective would be the resistance at 993.40 USD. Caution, if there is a return under 958.40 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
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
2
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Additional analysis
Quotes
PLATINUM rating 969.10 USD. The price registered an increase of +0.47% on the session and was traded between 962.20 USD and 969.60 USD over the period. The price is currently at +0.72% from its lowest and -0.05% from its highest.962.20
969.60
969.10
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this PLATINUM chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 15 minutes
In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 935.10 | 951.70 | 961.38 | 969.10 | 970.96 | 983.20 | 1,004.80 |
| Change (%) | -3.51% | -1.80% | -0.80% | - | +0.19% | +1.45% | +3.68% |
| Change | -34.00 | -17.40 | -7.72 | - | +1.86 | +14.10 | +35.70 |
| Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 940.90 | 952.20 | 958.40 | 969.70 | 975.90 | 987.20 | 993.40 |
| Camarilla | 959.79 | 961.39 | 963.00 | 964.60 | 966.20 | 967.81 | 969.41 |
| Woodie | 938.35 | 950.93 | 955.85 | 968.43 | 973.35 | 985.93 | 990.85 |
| Fibonacci | 952.20 | 958.89 | 963.02 | 969.70 | 976.39 | 980.52 | 987.20 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 864.90 | 892.20 | 928.40 | 955.70 | 991.90 | 1,019.20 | 1,055.40 |
| Camarilla | 947.14 | 952.96 | 958.78 | 964.60 | 970.42 | 976.24 | 982.06 |
| Woodie | 869.35 | 894.43 | 932.85 | 957.93 | 996.35 | 1,021.43 | 1,059.85 |
| Fibonacci | 892.20 | 916.46 | 931.44 | 955.70 | 979.96 | 994.94 | 1,019.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 802.93 | 844.87 | 905.53 | 947.47 | 1,008.13 | 1,050.07 | 1,110.73 |
| Camarilla | 937.99 | 947.39 | 956.80 | 966.20 | 975.61 | 985.01 | 994.42 |
| Woodie | 812.30 | 849.55 | 914.90 | 952.15 | 1,017.50 | 1,054.75 | 1,120.10 |
| Fibonacci | 844.87 | 884.06 | 908.27 | 947.47 | 986.66 | 1,010.87 | 1,050.07 |
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): | 52.45 | |
| MACD (12,26,9): | 0.3000 | |
| Directional Movement: | 4.25 | |
| AROON (14): | -28.57 | |
| DEMA (21): | 967.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 967.05 | |
| Elder Ray (13): | 0.09 | |
| Super Trend (3,10): | 964.94 | |
| Zig ZAG (10): | 967.40 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 43.63 | |
| TEMA (21): | 967.89 | |
| Williams %R (14): | -54.17 | |
| Chande Momentum Oscillator (20): | -0.30 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.30 |
| MA7: | 964.20 | |
| MA20: | 964.39 | |
| MA50: | 978.52 | |
| MA100: | 989.62 | |
| MAexp7: | 967.51 | |
| MAexp20: | 966.92 | |
| MAexp50: | 967.37 | |
| MAexp100: | 968.84 | |
| Price / MA7: | +0.51% | |
| Price / MA20: | +0.49% | |
| Price / MA50: | -0.96% | |
| Price / MA100: | -2.07% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.23% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.03% |
Quotes :
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10 min delayed data
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NYMEX Futures
News
The latest news and videos published on PLATINUM at the time of the analysis were as follows:
-
Everything you need to know about the Queen's Platinum Jubilee
-
Royal Mint unveils new coins of Queen on horseback to celebrate her Platinum Jubilee
-
The World's Largest Platinum & Palladium Producer Is Going Green And Reinvesting Its Precious Metals
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Platinum Group Metals Ltd. - PLG Stock Chart Technical Analysis for 12-11-2020
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Platinum Group Metals Ltd. - PLG Stock Chart Technical Analysis for 12-10-2020
This member declared not having a position on this financial instrument or a related financial instrument.
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