PALLADIUM - 1H - Technical analysis published on 12/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Slightly bearish
Technical indicators
33%
44%
22%
My opinion
Neutral between 2,322.00 USD and 2,340.50 USD
My targets
-
My analysis
The basic trend is slightly bearish and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 2,340.50 USD. The first support is located at 2,322.00 USD. Without a basic trend, it is be important to monitor the price reaction at the first levels of resistance or support. A bullish break in resistance could quickly reverse the basic trend. A bearish break in the support would be welcome to boost the slightly bearish basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by PALLADIUM.
In the very short term, technical indicators are neutral and are not able to influence the opinion of this analysis.
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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
PALLADIUM rating 2,334.00 USD. The price is lower by -0.22% since the last closing and was traded between 2,317.00 USD and 2,338.00 USD over the period. The price is currently at +0.73% from its lowest and -0.17% from its highest.2,317.00
2,338.00
2,334.00
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this PALLADIUM chart shows a slightly bearish trend. 53.57% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this overall trend could be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with 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:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2,290.60 | 2,303.67 | 2,322.00 | 2,334.00 | 2,340.50 | 2,356.00 | 2,369.70 |
| Change (%) | -1.86% | -1.30% | -0.51% | - | +0.28% | +0.94% | +1.53% |
| Change | -43.40 | -30.33 | -12.00 | - | +6.50 | +22.00 | +35.70 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 2,283.23 | 2,298.37 | 2,318.73 | 2,333.87 | 2,354.23 | 2,369.37 | 2,389.73 |
| Camarilla | 2,329.34 | 2,332.59 | 2,335.85 | 2,339.10 | 2,342.35 | 2,345.61 | 2,348.86 |
| Woodie | 2,285.85 | 2,299.68 | 2,321.35 | 2,335.18 | 2,356.85 | 2,370.68 | 2,392.35 |
| Fibonacci | 2,298.37 | 2,311.93 | 2,320.31 | 2,333.87 | 2,347.43 | 2,355.81 | 2,369.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,223.17 | 2,263.33 | 2,317.67 | 2,357.83 | 2,412.17 | 2,452.33 | 2,506.67 |
| Camarilla | 2,346.01 | 2,354.68 | 2,363.34 | 2,372.00 | 2,380.66 | 2,389.33 | 2,397.99 |
| Woodie | 2,230.25 | 2,266.88 | 2,324.75 | 2,361.38 | 2,419.25 | 2,455.88 | 2,513.75 |
| Fibonacci | 2,263.33 | 2,299.43 | 2,321.73 | 2,357.83 | 2,393.93 | 2,416.23 | 2,452.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,915.80 | 2,055.90 | 2,242.80 | 2,382.90 | 2,569.80 | 2,709.90 | 2,896.80 |
| Camarilla | 2,339.78 | 2,369.75 | 2,399.73 | 2,429.70 | 2,459.68 | 2,489.65 | 2,519.63 |
| Woodie | 1,939.20 | 2,067.60 | 2,266.20 | 2,394.60 | 2,593.20 | 2,721.60 | 2,920.20 |
| Fibonacci | 2,055.90 | 2,180.81 | 2,257.99 | 2,382.90 | 2,507.81 | 2,584.99 | 2,709.90 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 49.32 | |
| MACD (12,26,9): | 0.5800 | |
| Directional Movement: | -11.73 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 2,332.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,347.16 | |
| Elder Ray (13): | -4.48 | |
| Super Trend (3,10): | 2,311.87 | |
| Zig ZAG (10): | 2,329.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 21.41 | |
| TEMA (21): | 2,331.17 | |
| Williams %R (14): | -71.88 | |
| Chande Momentum Oscillator (20): | -12.00 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.11 |
| MA7: | 2,339.40 | |
| MA20: | 2,350.54 | |
| MA50: | 2,350.17 | |
| MA100: | 2,319.18 | |
| MAexp7: | 2,330.21 | |
| MAexp20: | 2,330.26 | |
| MAexp50: | 2,330.22 | |
| MAexp100: | 2,332.48 | |
| Price / MA7: | -0.23% | |
| Price / MA20: | -0.70% | |
| Price / MA50: | -0.69% | |
| Price / MA100: | +0.64% | |
| Price / MAexp7: | +0.16% | |
| Price / MAexp20: | +0.16% | |
| Price / MAexp50: | +0.16% | |
| Price / MAexp100: | +0.07% |
Quotes :
2020-12-24 08:37:40
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10 min delayed data
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NYMEX Futures
News
Don"t forget to follow the news on PALLADIUM. At the time of publication of this analysis, the latest news was as follows:
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Will palladium continue to drive higher? – 27 November 2020
-
Will palladium set a new record high? – 6th February 2020
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“Buzz on the Street” Show: Palladium One Mining (TSX-V: PDM) (OTC: NKORF) News Report
-
Will palladium retest the recent all time high? – 21st November 2019
-
Will palladium see a pullback in the near term? – 17th October 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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