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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 02/25/2022 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
44%
0%
56%
My opinion
Bearish under 1,078.03 USD
My targets
1,060.90 USD (-0.32%)
1,024.07 USD (-3.78%)
My analysis
In a bearish trend, the price of PLATINUM tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1,078.03 USD. A bearish break in the support located at 1,060.90 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 1,024.07 USD. Then 986.03 USD by extension. It would be safer to wait for a bearish break in the support located at 1,060.90 USD before allowing yourself to re trade short positions (for sale) on PLATINUM. PS: if there is a bullish break in the resistance located at 1,078.03 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

Technical indicators are opposing the general bearish 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
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ilkerplatinium
This analysis was given by ilkerplatinium. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

PLATINUM rating 1,064.30 USD. The price has increased by +0.21% since the last closing and was between 1,057.40 USD and 1,067.20 USD. This implies that the price is at +0.65% from its lowest and at -0.27% from its highest.

1,057.40
1,067.20
1,064.30

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of PLATINUM in 15 min. shows an overall bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : 15 minutes



In fact, only 8 technical indicators out of 18 studied are currently positioned bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

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

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,005.50 1,028.65 1,044.30 1,064.30 1,066.50 1,077.86 1,096.90
Change (%) -5.52% -3.35% -1.88% - +0.21% +1.27% +3.06%
Change -58.80 -35.65 -20.00 - +2.20 +13.56 +32.60
Level Intermediate Major Minor - Minor Minor Major



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
Standard932.07986.031,024.071,078.031,116.071,170.031,208.07
Camarilla1,036.801,045.231,053.671,062.101,070.531,078.971,087.40
Woodie924.10982.051,016.101,074.051,108.101,166.051,200.10
Fibonacci986.031,021.181,042.891,078.031,113.181,134.891,170.03


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard926.50966.001,021.401,060.901,116.301,155.801,211.20
Camarilla1,050.701,059.401,068.101,076.801,085.501,094.201,102.90
Woodie934.45969.981,029.351,064.881,124.251,159.781,219.15
Fibonacci966.001,002.251,024.651,060.901,097.151,119.551,155.80


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 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): 50.37
MACD (12,26,9): 0.2000
Directional Movement: 3.25
AROON (14): 14.28
DEMA (21): 1,063.29
Parabolic SAR (0,02-0,02-0,2): 1,063.15
Elder Ray (13): -0.25
Super Trend (3,10): 1,067.34
Zig ZAG (10): 1,063.80
VORTEX (21): 1.0700
Stochastique (14,3,5): 56.45
TEMA (21): 1,066.82
Williams %R (14): -33.87
Chande Momentum Oscillator (20): 2.70
Repulse (5,40,3): 0.0200
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 0.38
MA7: 1,078.87
MA20: 1,048.09
MA50: 1,008.01
MA100: 1,008.96
MAexp7: 1,064.80
MAexp20: 1,063.50
MAexp50: 1,068.45
MAexp100: 1,077.15
Price / MA7: -1.35%
Price / MA20: +1.55%
Price / MA50: +5.58%
Price / MA100: +5.48%
Price / MAexp7: -0.05%
Price / MAexp20: +0.08%
Price / MAexp50: -0.39%
Price / MAexp100: -1.19%

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.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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