PLATINUM - 15 min. - Technical analysis published on 03/07/2022 (GMT)
- 147
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 15 min.
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1,152.60 USD
My targets
1,163.47 USD (+0.86%)
1,197.63 USD (+3.83%)
My analysis
The basic bullish trend is very strong on PLATINUM but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,152.60 USD. Crossing the first resistance at 1,163.47 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1,197.63 USD as an objective. Crossing it would then enable buyers to target 1,199.70 USD. Caution, a return to below 1,152.60 USD would be a sign of a consolidation phase in 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.
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
0
10
7.1
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:
Additional analysis
Quotes
The PLATINUM price is 1,153.50 USD. The price registered an increase of +3.29% on the session and was traded between 1,126.00 USD and 1,155.90 USD over the period. The price is currently at +2.44% from its lowest and -0.21% from its highest.1,126.00
1,155.90
1,153.50
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
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:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of PLATINUM indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1,078.31 | 1,096.90 | 1,138.50 | 1,153.50 | 1,163.90 | 1,199.70 | 1,313.46 |
Change (%) | -6.52% | -4.91% | -1.30% | - | +0.90% | +4.01% | +13.87% |
Change | -75.19 | -56.60 | -15.00 | - | +10.40 | +46.20 | +159.96 |
Level | Major | Major | Major | - | Minor | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,025.13 | 1,048.47 | 1,082.63 | 1,105.97 | 1,140.13 | 1,163.47 | 1,197.63 |
Camarilla | 1,100.99 | 1,106.26 | 1,111.53 | 1,116.80 | 1,122.07 | 1,127.34 | 1,132.61 |
Woodie | 1,030.55 | 1,051.18 | 1,088.05 | 1,108.68 | 1,145.55 | 1,166.18 | 1,203.05 |
Fibonacci | 1,048.47 | 1,070.43 | 1,084.00 | 1,105.97 | 1,127.93 | 1,141.50 | 1,163.47 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 962.80 | 998.60 | 1,057.70 | 1,093.50 | 1,152.60 | 1,188.40 | 1,247.50 |
Camarilla | 1,090.70 | 1,099.40 | 1,108.10 | 1,116.80 | 1,125.50 | 1,134.20 | 1,142.90 |
Woodie | 974.45 | 1,004.43 | 1,069.35 | 1,099.33 | 1,164.25 | 1,194.23 | 1,259.15 |
Fibonacci | 998.60 | 1,034.85 | 1,057.25 | 1,093.50 | 1,129.75 | 1,152.15 | 1,188.40 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 865.27 | 934.63 | 993.27 | 1,062.63 | 1,121.27 | 1,190.63 | 1,249.27 |
Camarilla | 1,016.70 | 1,028.43 | 1,040.17 | 1,051.90 | 1,063.63 | 1,075.37 | 1,087.10 |
Woodie | 859.90 | 931.95 | 987.90 | 1,059.95 | 1,115.90 | 1,187.95 | 1,243.90 |
Fibonacci | 934.63 | 983.53 | 1,013.74 | 1,062.63 | 1,111.53 | 1,141.74 | 1,190.63 |
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): | 64.74 | |
MACD (12,26,9): | 5.6500 | |
Directional Movement: | 13.48 | |
AROON (14): | 100.00 | |
DEMA (21): | 1,154.40 | |
Parabolic SAR (0,02-0,02-0,2): | 1,143.90 | |
Elder Ray (13): | 3.89 | |
Super Trend (3,10): | 1,140.24 | |
Zig ZAG (10): | 1,152.50 | |
VORTEX (21): | 1.2400 | |
Stochastique (14,3,5): | 85.52 | |
TEMA (21): | 1,152.32 | |
Williams %R (14): | -19.49 | |
Chande Momentum Oscillator (20): | 5.90 | |
Repulse (5,40,3): | 0.2100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0900 | |
Courbe Coppock: | 0.08 |
MA7: | 1,084.89 | |
MA20: | 1,066.43 | |
MA50: | 1,024.46 | |
MA100: | 1,012.38 | |
MAexp7: | 1,150.07 | |
MAexp20: | 1,146.10 | |
MAexp50: | 1,132.48 | |
MAexp100: | 1,117.08 | |
Price / MA7: | +6.32% | |
Price / MA20: | +8.16% | |
Price / MA50: | +12.60% | |
Price / MA100: | +13.94% | |
Price / MAexp7: | +0.30% | |
Price / MAexp20: | +0.65% | |
Price / MAexp50: | +1.86% | |
Price / MAexp100: | +3.26% |
Quotes :
-
10 min delayed data
-
NYMEX Futures
News
The latest news and videos published on PLATINUM at the time of the analysis were as follows:
- Introduction to Sylvania Platinum, a unique and differentiated PGM producer
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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…
Add a comment
Comments
0 comments on the analysis PLATINUM - 15 min.