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 08/30/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

28%

50%

22%

My opinion

Bearish under 2,500.00 USD

My targets

2,367.80 USD (-2.22%)

2,291.40 USD (-5.37%)

My analysis

PALLADIUM is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,500.00 USD. The next support located at 2,367.80 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,291.40 USD. Below this support, sellers could then target 2,207.54 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.8

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

PALLADIUM rating 2,421.50 USD. On the day, this instrument gained +0.08% and was between 2,404.00 USD and 2,429.50 USD. This implies that the price is at +0.73% from its lowest and at -0.33% from its highest.

2,404.00

2,429.50

2,421.50

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PALLADIUM:

Technical

A technical analysis in Daily of this PALLADIUM chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 4 are neutral and 9 are bearish. The Central Indicators scanner found this result concerning these indicators:

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 : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	2,207.54	2,291.40	2,367.80	2,421.50	2,500.00	2,590.00	2,717.40
Change (%)	-8.84%	-5.37%	-2.22%	-	+3.24%	+6.96%	+12.22%
Change	-213.96	-130.10	-53.70	-	+78.50	+168.50	+295.90
Level	Major	Major	Major	-	Major	Intermediate	Major

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	2,344.00	2,367.00	2,388.00	2,411.00	2,432.00	2,455.00	2,476.00
Camarilla	2,396.90	2,400.93	2,404.97	2,409.00	2,413.03	2,417.07	2,421.10
Woodie	2,343.00	2,366.50	2,387.00	2,410.50	2,431.00	2,454.50	2,475.00
Fibonacci	2,367.00	2,383.81	2,394.19	2,411.00	2,427.81	2,438.19	2,455.00

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,066.00	2,163.00	2,286.00	2,383.00	2,506.00	2,603.00	2,726.00
Camarilla	2,348.50	2,368.67	2,388.83	2,409.00	2,429.17	2,449.33	2,469.50
Woodie	2,079.00	2,169.50	2,299.00	2,389.50	2,519.00	2,609.50	2,739.00
Fibonacci	2,163.00	2,247.04	2,298.96	2,383.00	2,467.04	2,518.96	2,603.00

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,207.83	2,386.67	2,525.33	2,704.17	2,842.83	3,021.67	3,160.33
Camarilla	2,576.69	2,605.79	2,634.90	2,664.00	2,693.10	2,722.21	2,751.31
Woodie	2,187.75	2,376.63	2,505.25	2,694.13	2,822.75	3,011.63	3,140.25
Fibonacci	2,386.67	2,507.95	2,582.88	2,704.17	2,825.45	2,900.38	3,021.67

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):	40.49
MACD (12,26,9):	-74.9100
Directional Movement:	-14.96
AROON (14):	-64.29
DEMA (21):	2,397.43
Parabolic SAR (0,02-0,02-0,2):	2,453.60
Elder Ray (13):	-36.43
Super Trend (3,10):	2,541.44
Zig ZAG (10):	2,417.50
VORTEX (21):	0.8500
Stochastique (14,3,5):	36.12
TEMA (21):	2,366.06
Williams %R (14):	-60.87
Chande Momentum Oscillator (20):	-206.00
Repulse (5,40,3):	-0.2000
ROCnROLL:	2
TRIX (15,9):	-0.3900
Courbe Coppock:	17.91

MA7:	2,396.43
MA20:	2,516.38
MA50:	2,633.03
MA100:	2,730.12
MAexp7:	2,418.44
MAexp20:	2,494.04
MAexp50:	2,594.28
MAexp100:	2,627.82
Price / MA7:	+1.05%
Price / MA20:	-3.77%
Price / MA50:	-8.03%
Price / MA100:	-11.30%
Price / MAexp7:	+0.13%
Price / MAexp20:	-2.91%
Price / MAexp50:	-6.66%
Price / MAexp100:	-7.85%

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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