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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 03/02/2022 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 1,054.37 USD
My targets
1,067.73 USD (+1.11%)
1,079.87 USD (+2.26%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on PLATINUM. As long as you are above the support located at 1,054.37 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 1,067.73 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 1,079.87 USD as an objective. Crossing it would then enable buyers to target 1,093.23 USD. If the support 1,054.37 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3

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.

ilkerplatinium
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 rating is 1,056.00 USD. The price registered an increase of +0.39% on the session and was traded between 1,053.70 USD and 1,060.90 USD over the period. The price is currently at +0.22% from its lowest and -0.46% from its highest.

1,053.70
1,060.90
1,056.00

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in 15 min. of this PLATINUM chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 15 minutes


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. 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

MACD indicator is back under 0

Type : Bearish

Timeframe : 15 minutes


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 970.40 1,028.65 1,040.00 1,056.00 1,058.30 1,066.67 1,078.36
Change (%) -8.11% -2.59% -1.52% - +0.22% +1.01% +2.12%
Change -85.60 -27.35 -16.00 - +2.30 +10.67 +22.36
Level Minor Major Major - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,016.731,028.871,042.231,054.371,067.731,079.871,093.23
Camarilla1,048.591,050.931,053.261,055.601,057.941,060.281,062.61
Woodie1,017.351,029.181,042.851,054.681,068.351,080.181,093.85
Fibonacci1,028.871,038.611,044.631,054.371,064.111,070.131,079.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard924.07982.031,016.071,074.031,108.071,166.031,200.07
Camarilla1,024.801,033.231,041.671,050.101,058.531,066.971,075.40
Woodie912.10976.051,004.101,068.051,096.101,160.051,188.10
Fibonacci982.031,017.181,038.891,074.031,109.181,130.891,166.03


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard867.73935.87995.731,063.871,123.731,191.871,251.73
Camarilla1,020.401,032.131,043.871,055.601,067.331,079.071,090.80
Woodie863.60933.80991.601,061.801,119.601,189.801,247.60
Fibonacci935.87984.761,014.971,063.871,112.761,142.971,191.87

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): 49.96
MACD (12,26,9): -0.0600
Directional Movement: 3.58
AROON (14): -57.15
DEMA (21): 1,056.97
Parabolic SAR (0,02-0,02-0,2): 1,060.78
Elder Ray (13): -0.92
Super Trend (3,10): 1,061.16
Zig ZAG (10): 1,056.30
VORTEX (21): 0.9500
Stochastique (14,3,5): 23.39
TEMA (21): 1,056.21
Williams %R (14): -62.32
Chande Momentum Oscillator (20): -0.50
Repulse (5,40,3): 0.0700
ROCnROLL: 2
TRIX (15,9): 0.0100
Courbe Coppock: 0.41
MA7: 1,062.89
MA20: 1,050.49
MA50: 1,014.90
MA100: 1,009.83
MAexp7: 1,056.09
MAexp20: 1,056.77
MAexp50: 1,055.95
MAexp100: 1,054.68
Price / MA7: -0.65%
Price / MA20: +0.52%
Price / MA50: +4.05%
Price / MA100: +4.57%
Price / MAexp7: -0.01%
Price / MAexp20: -0.07%
Price / MAexp50: +0.00%
Price / MAexp100: +0.13%

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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