PALLADIUM

- USD (-)

- 10 min delayed data - NYMEX Futures

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Commodities
Ticker:	PA
ISIN:

PALLADIUM - Daily - Technical analysis published on 03/29/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

50%

11%

39%

My opinion

Bearish under 1,502.87 USD

My targets

1,362.10 USD (-4.75%)

1,299.73 USD (-9.11%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PALLADIUM as long as the price remains well below 1,502.87 USD. The next bearish objective for sellers is set at 1,362.10 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,299.73 USD. If there is any crossing, the next objective would be the support located at 1,155.14 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

3.8

Comment on the analysis

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 osshakim. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

PALLADIUM rating 1,430.00 USD. The price registered a decrease of -0.49% on the session and was traded between 1,423.00 USD and 1,430.00 USD over the period. The price is currently at +0.49% from its lowest and 0% from its highest.

1,423.00

1,430.00

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PALLADIUM:

Technical

Technical analysis of PALLADIUM in Daily shows a overall strongly bearish trend. 85.71% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

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:

Bearish harami cross

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	934.84	1,155.14	1,362.10	1,430.00	1,517.70	1,622.75	1,812.03
Change (%)	-34.63%	-19.22%	-4.75%	-	+6.13%	+13.48%	+26.72%
Change	-495.16	-274.86	-67.90	-	+87.70	+192.75	+382.03
Level	Major	Minor	Major	-	Minor	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	1,362.50	1,383.50	1,409.00	1,430.00	1,455.50	1,476.50	1,502.00
Camarilla	1,421.71	1,425.98	1,430.24	1,434.50	1,438.76	1,443.03	1,447.29
Woodie	1,364.75	1,384.63	1,411.25	1,431.13	1,457.75	1,477.63	1,504.25
Fibonacci	1,383.50	1,401.26	1,412.24	1,430.00	1,447.76	1,458.74	1,476.50

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,259.77	1,310.13	1,362.27	1,412.63	1,464.77	1,515.13	1,567.27
Camarilla	1,386.21	1,395.61	1,405.00	1,414.40	1,423.80	1,433.19	1,442.59
Woodie	1,260.65	1,310.58	1,363.15	1,413.08	1,465.65	1,515.58	1,568.15
Fibonacci	1,310.13	1,349.29	1,373.48	1,412.63	1,451.79	1,475.98	1,515.13

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	958.73	1,161.87	1,299.73	1,502.87	1,640.73	1,843.87	1,981.73
Camarilla	1,343.83	1,375.08	1,406.34	1,437.60	1,468.86	1,500.12	1,531.38
Woodie	926.10	1,145.55	1,267.10	1,486.55	1,608.10	1,827.55	1,949.10
Fibonacci	1,161.87	1,292.13	1,372.61	1,502.87	1,633.13	1,713.61	1,843.87

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):	47.17
MACD (12,26,9):	-22.4300
Directional Movement:	1.40
AROON (14):	14.29
DEMA (21):	1,394.32
Parabolic SAR (0,02-0,02-0,2):	1,512.42
Elder Ray (13):	3.10
Super Trend (3,10):	1,554.32
Zig ZAG (10):	1,426.50
VORTEX (21):	1.0000
Stochastique (14,3,5):	43.05
TEMA (21):	1,419.43
Williams %R (14):	-59.48
Chande Momentum Oscillator (20):	-87.70
Repulse (5,40,3):	1.7600
ROCnROLL:	-1
TRIX (15,9):	-0.3100
Courbe Coppock:	1.53

MA7:	1,425.17
MA20:	1,416.71
MA50:	1,508.30
MA100:	1,681.23
MAexp7:	1,422.60
MAexp20:	1,431.33
MAexp50:	1,512.97
MAexp100:	1,644.35
Price / MA7:	+0.34%
Price / MA20:	+0.94%
Price / MA50:	-5.19%
Price / MA100:	-14.94%
Price / MAexp7:	+0.52%
Price / MAexp20:	-0.09%
Price / MAexp50:	-5.48%
Price / MAexp100:	-13.04%

Quotes : - 10 min delayed data - NYMEX Futures

News

The latest news and videos published on PALLADIUM at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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