PLATINUM

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	PL
ISIN:

PLATINUM - Daily - Technical analysis published on 02/14/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

39%

11%

50%

My opinion

Bullish above 1,002.43 USD

My targets

1,085.37 USD (+4.84%)

1,096.90 USD (+5.95%)

My analysis

The bullish trend is currently very strong on PLATINUM. As long as the price remains above the support at 1,002.43 USD, you could try to benefit from the boom. The first bullish objective is located at 1,085.37 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,096.90 USD as an objective. Crossing it would then enable buyers to target 1,138.50 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PLATINUM price is 1,035.30 USD. On the day, this instrument gained +1.63% and was between 1,020.60 USD and 1,039.30 USD. This implies that the price is at +1.44% from its lowest and at -0.38% from its highest.

1,020.60

1,039.30

1,035.30

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:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PLATINUM indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	933.60	970.40	1,028.65	1,035.30	1,096.90	1,138.50	1,199.95
Change (%)	-9.82%	-6.27%	-0.64%	-	+5.95%	+9.97%	+15.90%
Change	-101.70	-64.90	-6.65	-	+61.60	+103.20	+164.65
Level	Minor	Intermediate	Major	-	Intermediate	Minor	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	976.20	992.10	1,005.40	1,021.30	1,034.60	1,050.50	1,063.80
Camarilla	1,010.67	1,013.35	1,016.02	1,018.70	1,021.38	1,024.05	1,026.73
Woodie	974.90	991.45	1,004.10	1,020.65	1,033.30	1,049.85	1,062.50
Fibonacci	992.10	1,003.25	1,010.15	1,021.30	1,032.45	1,039.35	1,050.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	941.00	972.50	995.60	1,027.10	1,050.20	1,081.70	1,104.80
Camarilla	1,003.69	1,008.69	1,013.70	1,018.70	1,023.71	1,028.71	1,033.72
Woodie	936.80	970.40	991.40	1,025.00	1,046.00	1,079.60	1,100.60
Fibonacci	972.50	993.36	1,006.24	1,027.10	1,047.96	1,060.84	1,081.70

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	795.17	857.33	940.27	1,002.43	1,085.37	1,147.53	1,230.47
Camarilla	983.30	996.60	1,009.90	1,023.20	1,036.50	1,049.80	1,063.10
Woodie	805.55	862.53	950.65	1,007.63	1,095.75	1,152.73	1,240.85
Fibonacci	857.33	912.76	947.01	1,002.43	1,057.86	1,092.11	1,147.53

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):	55.52
MACD (12,26,9):	12.7600
Directional Movement:	6.51
AROON (14):	-14.29
DEMA (21):	1,038.29
Parabolic SAR (0,02-0,02-0,2):	1,008.00
Elder Ray (13):	2.84
Super Trend (3,10):	947.76
Zig ZAG (10):	1,035.20
VORTEX (21):	1.0600
Stochastique (14,3,5):	56.33
TEMA (21):	1,042.32
Williams %R (14):	-38.23
Chande Momentum Oscillator (20):	13.70
Repulse (5,40,3):	1.8800
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	2.47

MA7:	1,030.84
MA20:	1,026.99
MA50:	982.96
MA100:	999.86
MAexp7:	1,031.42
MAexp20:	1,020.47
MAexp50:	1,003.79
MAexp100:	1,008.16
Price / MA7:	+0.43%
Price / MA20:	+0.81%
Price / MA50:	+5.32%
Price / MA100:	+3.54%
Price / MAexp7:	+0.38%
Price / MAexp20:	+1.45%
Price / MAexp50:	+3.14%
Price / MAexp100:	+2.69%

Quotes : - 10 min delayed data - 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:

This member declared not having a position on this financial instrument or a related financial instrument.

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