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PALLADIUM
PALLADIUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PA
ISIN:

PALLADIUM - 1H - Technical analysis published on 09/10/2020 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Court terme: Bullish
De fond: Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 2,294.10 USD
My targets
2,344.64 USD (+1.09%)
2,369.70 USD (+2.17%)
My analysis
The basic trend is currently slightly bullish on PALLADIUM and the short term does not seem to show any sign of improvement. Buyers are struggling to get their hands on this instrument. However, as long as the price remains above 2,294.10 USD, purchases could be favourable. The first bullish objective would be the resistance located at 2,344.64 USD. Then the price could move towards 2,369.70 USD. Then 2,415.00 USD by extension. A return under the support to 2,294.10 USD could jeopardize this fragile bullish trend. Indecision would then be total and in this case you could keep away.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
2.5

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The PALLADIUM rating is 2,319.30 USD. The price has increased by +0.05% since the last closing and was between 2,285.00 USD and 2,329.30 USD. This implies that the price is at +1.50% from its lowest and at -0.43% from its highest.

2,285.00
2,329.30
2,319.30

A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of PALLADIUM in 1H shows an overall slightly bullish trend. 57.14% of the signals given by moving averages are bullish. The slightly bullish signals given by short-term moving averages do not show a strengthening of this global trend. 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 : 1 hour


Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

White hanging man / hammer

Type : Neutral

Timeframe : 1 hour


Downside Tasuki gap

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,209.10 2,262.00 2,294.10 2,319.30 2,323.77 2,344.64 2,369.70
Change (%) -4.75% -2.47% -1.09% - +0.19% +1.09% +2.17%
Change -110.20 -57.30 -25.20 - +4.47 +25.34 +50.40
Level Minor Major Intermediate - Intermediate 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
Standard2,303.402,310.202,315.702,322.502,328.002,334.802,340.30
Camarilla2,317.822,318.952,320.072,321.202,322.332,323.462,324.58
Woodie2,302.752,309.882,315.052,322.182,327.352,334.482,339.65
Fibonacci2,310.202,314.902,317.802,322.502,327.202,330.102,334.80


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,035.702,129.902,226.602,320.802,417.502,511.702,608.40
Camarilla2,270.802,288.302,305.802,323.302,340.802,358.302,375.80
Woodie2,036.952,130.532,227.852,321.432,418.752,512.332,609.65
Fibonacci2,129.902,202.822,247.882,320.802,393.722,438.782,511.70


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,918.802,024.502,167.802,273.502,416.802,522.502,665.80
Camarilla2,242.632,265.452,288.282,311.102,333.932,356.752,379.58
Woodie1,937.602,033.902,186.602,282.902,435.602,531.902,684.60
Fibonacci2,024.502,119.622,178.382,273.502,368.622,427.382,522.50

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): 48.31
MACD (12,26,9): 1.4800
Directional Movement: -9.36
AROON (14): -42.86
DEMA (21): 2,315.07
Parabolic SAR (0,02-0,02-0,2): 2,326.92
Elder Ray (13): -4.40
Super Trend (3,10): 2,289.23
Zig ZAG (10): 2,309.10
VORTEX (21): 1.0900
Stochastique (14,3,5): 47.03
TEMA (21): 2,316.36
Williams %R (14): -45.60
Chande Momentum Oscillator (20): -14.80
Repulse (5,40,3): 0.4600
ROCnROLL: 2
TRIX (15,9): 0.0200
Courbe Coppock: 0.20
MA7: 2,309.41
MA20: 2,298.58
MA50: 2,251.28
MA100: 2,107.84
MAexp7: 2,312.50
MAexp20: 2,312.70
MAexp50: 2,311.64
MAexp100: 2,308.73
Price / MA7: +0.43%
Price / MA20: +0.90%
Price / MA50: +3.02%
Price / MA100: +10.03%
Price / MAexp7: +0.29%
Price / MAexp20: +0.29%
Price / MAexp50: +0.33%
Price / MAexp100: +0.46%

Quotes : 2020-09-10 10:12:21 - 15 min delayed data - NYMEX Futures

News


The last news published on PALLADIUM at the time of the generation of this analysis was as follows:

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

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