PLATINUM - Daily - Technical analysis published on 12/13/2019 (GMT)
- Who voted?
- 269
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 919.89 USD
My targets
954.47 USD (+1.02%)
984.20 USD (+4.17%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PLATINUM as long as the price remains well above 919.89 USD. The buyers” bullish objective is set at 954.47 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 984.20 USD. If there is any crossing, the next objective would be the resistance located at 1,031.25 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PLATINUM price is 944.80 USD. The price has increased by +0.56% since the last closing and was traded between 937.30 USD and 951.40 USD over the period. The price is currently at +0.80% from its lowest and -0.69% from its highest.937.30
951.40
944.80
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of PLATINUM indicates that the overall trend is strongly bullish. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 842.00 | 899.61 | 919.89 | 944.80 | 954.47 | 984.20 | 1,031.25 |
| Change (%) | -10.88% | -4.78% | -2.64% | - | +1.02% | +4.17% | +9.15% |
| Change | -102.80 | -45.19 | -24.91 | - | +9.67 | +39.40 | +86.45 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
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 | 872.30 | 884.00 | 903.30 | 915.00 | 934.30 | 946.00 | 965.30 |
| Camarilla | 914.08 | 916.92 | 919.76 | 922.60 | 925.44 | 928.28 | 931.13 |
| Woodie | 876.10 | 885.90 | 907.10 | 916.90 | 938.10 | 947.90 | 969.10 |
| Fibonacci | 884.00 | 895.84 | 903.16 | 915.00 | 926.84 | 934.16 | 946.00 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 859.93 | 875.47 | 887.93 | 903.47 | 915.93 | 931.47 | 943.93 |
| Camarilla | 892.70 | 895.27 | 897.83 | 900.40 | 902.97 | 905.53 | 908.10 |
| Woodie | 858.40 | 874.70 | 886.40 | 902.70 | 914.40 | 930.70 | 942.40 |
| Fibonacci | 875.47 | 886.16 | 892.77 | 903.47 | 914.16 | 920.77 | 931.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 766.73 | 817.27 | 858.83 | 909.37 | 950.93 | 1,001.47 | 1,043.03 |
| Camarilla | 875.07 | 883.52 | 891.96 | 900.40 | 908.84 | 917.29 | 925.73 |
| Woodie | 762.25 | 815.03 | 854.35 | 907.13 | 946.45 | 999.23 | 1,038.55 |
| Fibonacci | 817.27 | 852.45 | 874.18 | 909.37 | 944.55 | 966.28 | 1,001.47 |
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): | 63.30 | |
| MACD (12,26,9): | 2.5900 | |
| Directional Movement: | 18.29 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 909.51 | |
| Parabolic SAR (0,02-0,02-0,2): | 886.40 | |
| Elder Ray (13): | 22.17 | |
| Super Trend (3,10): | 873.88 | |
| Zig ZAG (10): | 939.50 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 66.15 | |
| TEMA (21): | 913.52 | |
| Williams %R (14): | -13.09 | |
| Chande Momentum Oscillator (20): | 39.10 | |
| Repulse (5,40,3): | 4.8300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.91 |
| MA7: | 910.50 | |
| MA20: | 904.54 | |
| MA50: | 905.77 | |
| MA100: | 903.24 | |
| MAexp7: | 914.50 | |
| MAexp20: | 907.76 | |
| MAexp50: | 906.22 | |
| MAexp100: | 897.01 | |
| Price / MA7: | +3.77% | |
| Price / MA20: | +4.45% | |
| Price / MA50: | +4.31% | |
| Price / MA100: | +4.60% | |
| Price / MAexp7: | +3.31% | |
| Price / MAexp20: | +4.08% | |
| Price / MAexp50: | +4.26% | |
| Price / MAexp100: | +5.33% |
News
The last news published on PLATINUM at the time of the generation of this analysis was as follows:
-
Platinum Group Metals Ltd. - PLG Stock Chart Technical Analysis for 08-30-2019
-
Gold Recently Posted New 2019 Highs, While Silver And Platinum Languish
-
Will platinum break higher? – 28th February 2019
-
Choose Platinum Over White Gold For Your Engagement Ring, says A Bespoke Jeweller.
-
Platinum Group Metals Ltd. - PLG Stock Chart Technical Analysis for 10-25-18
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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 - Daily