PLATINUM
PLATINUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PL
ISIN:

PLATINUM - 15 min. - Technical analysis published on 02/15/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Bearish
Underlying: Slightly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 1,030.97 USD
My targets
1,017.63 USD (-1.21%)
1,007.27 USD (-2.22%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade PLATINUM with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 1,030.97 USD. The next bearish objective for sellers is set at 1,017.63 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,007.27 USD. In case of crossing, the next objective would be the support located at 993.93 USD. In the event of a bullish break in the resistance located at 1,030.97 USD a certain indecision would take hold.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.5

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 ilkerplatinium. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

The PLATINUM price is 1,030.10 USD. The price has increased by +0.20% since the last closing with the lowest point at 1,027.50 USD and the highest point at 1,035.00 USD. The deviation from the price is +0.25% for the low point and -0.47% for the high point.

1,027.50
1,035.00
1,030.10

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PLATINUM:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

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 PLATINUM in 15 min. shows an overall slightly bearish trend. Only 60.71% of the signals given by moving averages are bearish. This slightly bearish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes



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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes


RSI indicator is back under 50

Type : Bearish

Timeframe : 15 minutes


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 15 minutes


Aroon indicator bearish trend

Type : Bearish

Timeframe : 15 minutes


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,016.00 1,020.67 1,028.65 1,030.10 1,039.36 1,044.00 1,058.60
Change (%) -1.37% -0.92% -0.14% - +0.90% +1.35% +2.77%
Change -14.10 -9.43 -1.45 - +9.26 +13.90 +28.50
Level Minor Major Major - 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
Standard993.931,007.271,017.631,030.971,041.331,054.671,065.03
Camarilla1,021.481,023.661,025.831,028.001,030.171,032.351,034.52
Woodie992.451,006.531,016.151,030.231,039.851,053.931,063.55
Fibonacci1,007.271,016.321,021.911,030.971,040.021,045.611,054.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard941.00972.50995.601,027.101,050.201,081.701,104.80
Camarilla1,003.691,008.691,013.701,018.701,023.711,028.711,033.72
Woodie936.80970.40991.401,025.001,046.001,079.601,100.60
Fibonacci972.50993.361,006.241,027.101,047.961,060.841,081.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard795.17857.33940.271,002.431,085.371,147.531,230.47
Camarilla983.30996.601,009.901,023.201,036.501,049.801,063.10
Woodie805.55862.53950.651,007.631,095.751,152.731,240.85
Fibonacci857.33912.76947.011,002.431,057.861,092.111,147.53

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): 47.28
MACD (12,26,9): 0.2100
Directional Movement: -0.60
AROON (14): 35.71
DEMA (21): 1,031.61
Parabolic SAR (0,02-0,02-0,2): 1,034.63
Elder Ray (13): -0.81
Super Trend (3,10): 1,029.19
Zig ZAG (10): 1,030.50
VORTEX (21): 0.9200
Stochastique (14,3,5): 15.18
TEMA (21): 1,031.76
Williams %R (14): -77.08
Chande Momentum Oscillator (20): 0.80
Repulse (5,40,3): 0.1200
ROCnROLL: -1
TRIX (15,9): 0.0100
Courbe Coppock: 0.06
MA7: 1,030.30
MA20: 1,029.44
MA50: 984.71
MA100: 1,000.25
MAexp7: 1,031.04
MAexp20: 1,031.29
MAexp50: 1,030.79
MAexp100: 1,030.45
Price / MA7: -0.02%
Price / MA20: +0.06%
Price / MA50: +4.61%
Price / MA100: +2.98%
Price / MAexp7: -0.09%
Price / MAexp20: -0.12%
Price / MAexp50: -0.07%
Price / MAexp100: -0.03%

Quotes : - 10 min delayed data - NYMEX Futures

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

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