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 03/29/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 2,495.60 USD

My targets

2,717.40 USD (+4.02%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PALLADIUM as long as the price remains well above 2,495.60 USD. The buyers” bullish objective is set at 2,717.40 USD. A bullish break in this resistance would boost the bullish momentum. 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, 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

7.9

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

Additional analysis

Quotes

The PALLADIUM rating is 2,612.50 USD. On the day, this instrument lost -2.38% and was traded between 2,552.50 USD and 2,687.50 USD over the period. The price is currently at +2.35% from its lowest and -2.79% from its highest.

2,552.50

2,687.50

2,612.50

The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of PALLADIUM indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% 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 a bullish signal that could impact this trend:

Moving Average bullish crossovers : AMA50 & AMA100

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

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

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,205.10	2,291.40	2,495.60	2,612.50	2,717.40
Change (%)	-15.59%	-12.29%	-4.47%	-	+4.02%
Change	-407.40	-321.10	-116.90	-	+104.90
Level	Intermediate	Intermediate	Major	-	Major

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	2,564.07	2,590.03	2,633.07	2,659.03	2,702.07	2,728.03	2,771.07
Camarilla	2,657.13	2,663.45	2,669.78	2,676.10	2,682.43	2,688.75	2,695.08
Woodie	2,572.60	2,594.30	2,641.60	2,663.30	2,710.60	2,732.30	2,779.60
Fibonacci	2,590.03	2,616.39	2,632.68	2,659.03	2,685.39	2,701.68	2,728.03

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,454.07	2,502.03	2,589.07	2,637.03	2,724.07	2,772.03	2,859.07
Camarilla	2,638.98	2,651.35	2,663.73	2,676.10	2,688.48	2,700.85	2,713.23
Woodie	2,473.60	2,511.80	2,608.60	2,646.80	2,743.60	2,781.80	2,878.60
Fibonacci	2,502.03	2,553.60	2,585.46	2,637.03	2,688.60	2,720.46	2,772.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,936.33	2,075.67	2,212.33	2,351.67	2,488.33	2,627.67	2,764.33
Camarilla	2,273.10	2,298.40	2,323.70	2,349.00	2,374.30	2,399.60	2,424.90
Woodie	1,935.00	2,075.00	2,211.00	2,351.00	2,487.00	2,627.00	2,763.00
Fibonacci	2,075.67	2,181.10	2,246.24	2,351.67	2,457.10	2,522.24	2,627.67

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):	62.58
MACD (12,26,9):	78.6900
Directional Movement:	12.96
AROON (14):	50.00
DEMA (21):	2,611.29
Parabolic SAR (0,02-0,02-0,2):	2,445.52
Elder Ray (13):	57.70
Super Trend (3,10):	2,406.39
Zig ZAG (10):	2,620.50
VORTEX (21):	1.1300
Stochastique (14,3,5):	76.25
TEMA (21):	2,663.84
Williams %R (14):	-28.71
Chande Momentum Oscillator (20):	270.90
Repulse (5,40,3):	-0.2400
ROCnROLL:	1
TRIX (15,9):	0.3600
Courbe Coppock:	25.22

MA7:	2,628.93
MA20:	2,472.88
MA50:	2,393.31
MA100:	2,382.63
MAexp7:	2,613.16
MAexp20:	2,517.01
MAexp50:	2,434.86
MAexp100:	2,384.17
Price / MA7:	-0.62%
Price / MA20:	+5.65%
Price / MA50:	+9.16%
Price / MA100:	+9.65%
Price / MAexp7:	-0.03%
Price / MAexp20:	+3.79%
Price / MAexp50:	+7.30%
Price / MAexp100:	+9.58%

Quotes : 2021-03-29 09:36:37 - 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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