PLATINUM - 15 min. - Technical analysis published on 02/21/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 1,081.23 USD
My targets
1,062.07 USD (-0.98%)
1,047.33 USD (-2.36%)
My analysis
The bearish basic trend is very strong on PLATINUM but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 1,081.23 USD. Crossing the first support at 1,062.07 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1,047.33 USD as an objective. Crossing it would then enable sellers to target 1,028.17 USD. Caution, a return to above the resistance located at 1,081.23 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
4.8
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Additional analysis
Quotes
The PLATINUM rating is 1,072.60 USD. On the day, this instrument lost -0.39% and was traded between 1,069.80 USD and 1,082.60 USD over the period. The price is currently at +0.26% from its lowest and -0.92% from its highest.1,069.80
1,082.60
1,072.60
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PLATINUM:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 15 min. of this PLATINUM chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 15 minutes
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 15 minutes
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Downside gap
Type : Bearish
Timeframe : 15 minutes
Doji
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,044.00 | 1,058.67 | 1,071.87 | 1,072.60 | 1,086.70 | 1,096.90 | 1,138.50 |
| Change (%) | -2.67% | -1.30% | -0.07% | - | +1.31% | +2.27% | +6.14% |
| Change | -28.60 | -13.93 | -0.73 | - | +14.10 | +24.30 | +65.90 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 1,028.17 | 1,047.33 | 1,062.07 | 1,081.23 | 1,095.97 | 1,115.13 | 1,129.87 |
| Camarilla | 1,067.48 | 1,070.59 | 1,073.69 | 1,076.80 | 1,079.91 | 1,083.02 | 1,086.12 |
| Woodie | 1,025.95 | 1,046.23 | 1,059.85 | 1,080.13 | 1,093.75 | 1,114.03 | 1,127.65 |
| Fibonacci | 1,047.33 | 1,060.28 | 1,068.28 | 1,081.23 | 1,094.18 | 1,102.18 | 1,115.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 926.50 | 966.00 | 1,021.40 | 1,060.90 | 1,116.30 | 1,155.80 | 1,211.20 |
| Camarilla | 1,050.70 | 1,059.40 | 1,068.10 | 1,076.80 | 1,085.50 | 1,094.20 | 1,102.90 |
| Woodie | 934.45 | 969.98 | 1,029.35 | 1,064.88 | 1,124.25 | 1,159.78 | 1,219.15 |
| Fibonacci | 966.00 | 1,002.25 | 1,024.65 | 1,060.90 | 1,097.15 | 1,119.55 | 1,155.80 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 47.56 | |
| MACD (12,26,9): | -0.2700 | |
| Directional Movement: | -2.77 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 1,074.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,080.47 | |
| Elder Ray (13): | -0.55 | |
| Super Trend (3,10): | 1,070.25 | |
| Zig ZAG (10): | 1,074.20 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 40.36 | |
| TEMA (21): | 1,075.22 | |
| Williams %R (14): | -65.62 | |
| Chande Momentum Oscillator (20): | -3.50 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.57 |
| MA7: | 1,051.00 | |
| MA20: | 1,036.83 | |
| MA50: | 994.74 | |
| MA100: | 1,004.58 | |
| MAexp7: | 1,074.27 | |
| MAexp20: | 1,074.88 | |
| MAexp50: | 1,076.98 | |
| MAexp100: | 1,079.66 | |
| Price / MA7: | +2.06% | |
| Price / MA20: | +3.45% | |
| Price / MA50: | +7.83% | |
| Price / MA100: | +6.77% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.21% | |
| Price / MAexp50: | -0.41% | |
| Price / MAexp100: | -0.65% |
Quotes :
-
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:
-
Queen Elizabeth's Platinum Jubilee Marked With Royal Gun Salutes
-
LIVE | 21-gun salute given at the Tower of London to mark Queen Elizabeth II's Platinum Jubilee
-
Tower of London marks Queen’s platinum jubilee
-
LIVE | A 21-gun salute is given at Edinburgh Castle to mark Queen Elizabeth II's Platinum Jubilee
-
LIVE | A 21-gun salute is given at Green Park to mark Queen Elizabeth II's Platinum Jubilee
This member declared not having a position on this financial instrument or a related financial instrument.
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