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 04/07/2021 (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

44%

50%

My opinion

Bullish above 2,556.10 USD

My targets

2,717.40 USD (+3.19%)

My analysis

The bullish trend is currently very strong on PALLADIUM. As long as the price remains above the support at 2,556.10 USD, you could try to benefit from the boom. The first bullish objective is located at 2,717.40 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

7.3

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 2,633.50 USD. On the day, this instrument lost -2.11% and was traded between 2,585.00 USD and 2,687.50 USD over the period. The price is currently at +1.88% from its lowest and -2.01% from its highest.

2,585.00

2,687.50

2,633.50

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

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. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is slight given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

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

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	2,205.10	2,291.40	2,500.00	2,633.50	2,717.40
Change (%)	-16.27%	-12.99%	-5.07%	-	+3.19%
Change	-428.40	-342.10	-133.50	-	+83.90
Level	Intermediate	Intermediate	Major	-	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,604.80	2,625.40	2,657.80	2,678.40	2,710.80	2,731.40	2,763.80
Camarilla	2,675.63	2,680.48	2,685.34	2,690.20	2,695.06	2,699.92	2,704.78
Woodie	2,610.70	2,628.35	2,663.70	2,681.35	2,716.70	2,734.35	2,769.70
Fibonacci	2,625.40	2,645.65	2,658.15	2,678.40	2,698.65	2,711.15	2,731.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,373.03	2,442.27	2,549.03	2,618.27	2,725.03	2,794.27	2,901.03
Camarilla	2,607.40	2,623.53	2,639.67	2,655.80	2,671.93	2,688.07	2,704.20
Woodie	2,391.80	2,451.65	2,567.80	2,627.65	2,743.80	2,803.65	2,919.80
Fibonacci	2,442.27	2,509.50	2,551.04	2,618.27	2,685.50	2,727.04	2,794.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1,877.70	2,070.60	2,363.20	2,556.10	2,848.70	3,041.60	3,334.20
Camarilla	2,522.29	2,566.79	2,611.30	2,655.80	2,700.30	2,744.81	2,789.31
Woodie	1,927.55	2,095.53	2,413.05	2,581.03	2,898.55	3,066.53	3,384.05
Fibonacci	2,070.60	2,256.06	2,370.64	2,556.10	2,741.56	2,856.14	3,041.60

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	58.77
MACD (12,26,9):	69.5700
Directional Movement:	7.83
AROON (14):	7.14
DEMA (21):	2,659.69
Parabolic SAR (0,02-0,02-0,2):	2,539.64
Elder Ray (13):	29.71
Super Trend (3,10):	2,437.29
Zig ZAG (10):	2,640.00
VORTEX (21):	1.1300
Stochastique (14,3,5):	69.50
TEMA (21):	2,690.50
Williams %R (14):	-46.11
Chande Momentum Oscillator (20):	8.60
Repulse (5,40,3):	1.0300
ROCnROLL:	1
TRIX (15,9):	0.4100
Courbe Coppock:	14.63

MA7:	2,622.61
MA20:	2,560.05
MA50:	2,424.60
MA100:	2,395.47
MAexp7:	2,637.98
MAexp20:	2,569.06
MAexp50:	2,476.01
MAexp100:	2,411.83
Price / MA7:	+0.42%
Price / MA20:	+2.87%
Price / MA50:	+8.62%
Price / MA100:	+9.94%
Price / MAexp7:	-0.17%
Price / MAexp20:	+2.51%
Price / MAexp50:	+6.36%
Price / MAexp100:	+9.19%

Quotes : - 10 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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