PLATINUM - 1H - Technical analysis published on 05/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 939.14 USD
My targets
953.55 USD (+0.84%)
971.70 USD (+2.76%)
My analysis
PLATINUM is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 939.14 USD. The next resistance located at 953.55 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 971.70 USD. After this resistance, buyers could then target 1,026.05 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PLATINUM rating 945.60 USD. The price registered an increase of +0.88% on the session and was traded between 934.20 USD and 946.70 USD over the period. The price is currently at +1.22% from its lowest and -0.12% from its highest.934.20
946.70
945.60
The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PLATINUM in 1H shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 922.67 | 932.32 | 939.14 | 945.60 | 953.55 | 971.70 | 1,026.05 |
| Change (%) | -2.42% | -1.40% | -0.68% | - | +0.84% | +2.76% | +8.51% |
| Change | -22.93 | -13.28 | -6.46 | - | +7.95 | +26.10 | +80.45 |
| Level | Major | Major | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 912.93 | 918.47 | 927.93 | 933.47 | 942.93 | 948.47 | 957.93 |
| Camarilla | 933.28 | 934.65 | 936.03 | 937.40 | 938.78 | 940.15 | 941.53 |
| Woodie | 914.90 | 919.45 | 929.90 | 934.45 | 944.90 | 949.45 | 959.90 |
| Fibonacci | 918.47 | 924.20 | 927.74 | 933.47 | 939.20 | 942.74 | 948.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 859.40 | 883.70 | 912.40 | 936.70 | 965.40 | 989.70 | 1,018.40 |
| Camarilla | 926.53 | 931.38 | 936.24 | 941.10 | 945.96 | 950.82 | 955.68 |
| Woodie | 861.60 | 884.80 | 914.60 | 937.80 | 967.60 | 990.80 | 1,020.60 |
| Fibonacci | 883.70 | 903.95 | 916.45 | 936.70 | 956.95 | 969.45 | 989.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 750.20 | 822.80 | 881.20 | 953.80 | 1,012.20 | 1,084.80 | 1,143.20 |
| Camarilla | 903.58 | 915.58 | 927.59 | 939.60 | 951.61 | 963.62 | 975.63 |
| Woodie | 743.10 | 819.25 | 874.10 | 950.25 | 1,005.10 | 1,081.25 | 1,136.10 |
| Fibonacci | 822.80 | 872.84 | 903.76 | 953.80 | 1,003.84 | 1,034.76 | 1,084.80 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 61.58 | |
| MACD (12,26,9): | 1.8800 | |
| Directional Movement: | -5.74 | |
| AROON (14): | 0 | |
| DEMA (21): | 942.05 | |
| Parabolic SAR (0,02-0,02-0,2): | 946.20 | |
| Elder Ray (13): | 2.87 | |
| Super Trend (3,10): | 931.90 | |
| Zig ZAG (10): | 944.70 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 71.59 | |
| TEMA (21): | 943.45 | |
| Williams %R (14): | -10.83 | |
| Chande Momentum Oscillator (20): | 2.70 | |
| Repulse (5,40,3): | 0.4500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.79 |
| MA7: | 942.74 | |
| MA20: | 946.45 | |
| MA50: | 967.03 | |
| MA100: | 1,005.99 | |
| MAexp7: | 942.16 | |
| MAexp20: | 939.71 | |
| MAexp50: | 938.49 | |
| MAexp100: | 939.52 | |
| Price / MA7: | +0.30% | |
| Price / MA20: | -0.09% | |
| Price / MA50: | -2.22% | |
| Price / MA100: | -6.00% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.63% | |
| Price / MAexp50: | +0.76% | |
| Price / MAexp100: | +0.65% |
Quotes :
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10 min delayed data
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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:
-
Queen's Platinum Jubilee: On her own terms
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
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