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 07/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 2,717.40 USD

My targets

2,522.10 USD (-5.54%)

2,497.80 USD (-6.45%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on PALLADIUM as long as the price remains well below 2,717.40 USD. The next bearish objective for sellers is set at 2,522.10 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 2,497.80 USD. If there is any crossing, the next objective would be the support located at 2,423.81 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

4.1

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 price is 2,670.00 USD. On the day, this instrument gained +0.57% and was traded between 2,655.50 USD and 2,678.50 USD over the period. The price is currently at +0.55% from its lowest and -0.32% from its highest.

2,655.50

2,678.50

2,670.00

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this PALLADIUM chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

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	R2	R3
ProTrendLines	2,291.13	2,423.81	2,497.80	2,670.00	2,717.40	2,854.00	2,981.40
Change (%)	-14.19%	-9.22%	-6.45%	-	+1.78%	+6.89%	+11.66%
Change	-378.87	-246.19	-172.20	-	+47.40	+184.00	+311.40
Level	Intermediate	Minor	Intermediate	-	Major	Intermediate	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	2,581.77	2,605.63	2,630.27	2,654.13	2,678.77	2,702.63	2,727.27
Camarilla	2,641.56	2,646.01	2,650.45	2,654.90	2,659.35	2,663.79	2,668.24
Woodie	2,582.15	2,605.83	2,630.65	2,654.33	2,679.15	2,702.83	2,727.65
Fibonacci	2,605.63	2,624.16	2,635.61	2,654.13	2,672.66	2,684.11	2,702.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,274.83	2,441.67	2,534.33	2,701.17	2,793.83	2,960.67	3,053.33
Camarilla	2,555.64	2,579.43	2,603.21	2,627.00	2,650.79	2,674.58	2,698.36
Woodie	2,237.75	2,423.13	2,497.25	2,682.63	2,756.75	2,942.13	3,016.25
Fibonacci	2,441.67	2,540.80	2,602.04	2,701.17	2,800.30	2,861.54	2,960.67

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,098.60	2,275.30	2,522.10	2,698.80	2,945.60	3,122.30	3,369.10
Camarilla	2,652.44	2,691.26	2,730.08	2,768.90	2,807.72	2,846.54	2,885.36
Woodie	2,133.65	2,292.83	2,557.15	2,716.33	2,980.65	3,139.83	3,404.15
Fibonacci	2,275.30	2,437.08	2,537.02	2,698.80	2,860.58	2,960.52	3,122.30

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):	44.26
MACD (12,26,9):	-23.3000
Directional Movement:	-8.78
AROON (14):	-71.42
DEMA (21):	2,696.01
Parabolic SAR (0,02-0,02-0,2):	2,806.60
Elder Ray (13):	-40.86
Super Trend (3,10):	2,858.78
Zig ZAG (10):	2,665.00
VORTEX (21):	1.0700
Stochastique (14,3,5):	27.70
TEMA (21):	2,681.31
Williams %R (14):	-68.66
Chande Momentum Oscillator (20):	-129.00
Repulse (5,40,3):	-0.3100
ROCnROLL:	2
TRIX (15,9):	-0.0300
Courbe Coppock:	4.55

MA7:	2,677.93
MA20:	2,744.00
MA50:	2,758.58
MA100:	2,724.71
MAexp7:	2,681.05
MAexp20:	2,721.03
MAexp50:	2,737.15
MAexp100:	2,692.87
Price / MA7:	-0.30%
Price / MA20:	-2.70%
Price / MA50:	-3.21%
Price / MA100:	-2.01%
Price / MAexp7:	-0.41%
Price / MAexp20:	-1.88%
Price / MAexp50:	-2.45%
Price / MAexp100:	-0.85%

Quotes : - 10 min delayed data - 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:

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

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