PALLADIUM - 1H - Technical analysis published on 10/20/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
56%
17%
28%
My opinion
Bullish above 2,080.22 USD
My targets
2,112.33 USD (+0.35%)
2,179.50 USD (+3.54%)
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 2,080.22 USD. The buyers' bullish objective is set at 2,112.33 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,179.50 USD. If there is any crossing, the next objective would be the resistance located at 2,207.54 USD.
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
0
10
5.9
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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 2,105.00 USD. On the day, this instrument gained +0.20% and was traded between 2,084.00 USD and 2,112.50 USD over the period. The price is currently at +1.01% from its lowest and -0.36% from its highest.2,084.00
2,112.50
2,105.00
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of PALLADIUM indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This 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.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,970.50 | 2,018.50 | 2,080.22 | 2,105.00 | 2,112.33 | 2,179.50 | 2,207.54 |
| Change (%) | -6.39% | -4.11% | -1.18% | - | +0.35% | +3.54% | +4.87% |
| Change | -134.50 | -86.50 | -24.78 | - | +7.33 | +74.50 | +102.54 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 1,935.27 | 1,972.63 | 2,036.77 | 2,074.13 | 2,138.27 | 2,175.63 | 2,239.77 |
| Camarilla | 2,072.99 | 2,082.29 | 2,091.60 | 2,100.90 | 2,110.20 | 2,119.51 | 2,128.81 |
| Woodie | 1,948.65 | 1,979.33 | 2,050.15 | 2,080.83 | 2,151.65 | 2,182.33 | 2,253.15 |
| Fibonacci | 1,972.63 | 2,011.41 | 2,035.36 | 2,074.13 | 2,112.91 | 2,136.86 | 2,175.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,823.73 | 1,925.87 | 2,001.23 | 2,103.37 | 2,178.73 | 2,280.87 | 2,356.23 |
| Camarilla | 2,027.79 | 2,044.06 | 2,060.33 | 2,076.60 | 2,092.87 | 2,109.14 | 2,125.41 |
| Woodie | 1,810.35 | 1,919.18 | 1,987.85 | 2,096.68 | 2,165.35 | 2,274.18 | 2,342.85 |
| Fibonacci | 1,925.87 | 1,993.67 | 2,035.56 | 2,103.37 | 2,171.17 | 2,213.06 | 2,280.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,049.63 | 1,437.57 | 1,670.63 | 2,058.57 | 2,291.63 | 2,679.57 | 2,912.63 |
| Camarilla | 1,732.93 | 1,789.85 | 1,846.78 | 1,903.70 | 1,960.63 | 2,017.55 | 2,074.48 |
| Woodie | 972.20 | 1,398.85 | 1,593.20 | 2,019.85 | 2,214.20 | 2,640.85 | 2,835.20 |
| Fibonacci | 1,437.57 | 1,674.79 | 1,821.35 | 2,058.57 | 2,295.79 | 2,442.35 | 2,679.57 |
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): | 58.95 | |
| MACD (12,26,9): | 9.8800 | |
| Directional Movement: | 17.52 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 2,098.90 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,111.35 | |
| Elder Ray (13): | 11.58 | |
| Super Trend (3,10): | 2,067.10 | |
| Zig ZAG (10): | 2,103.50 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 39.67 | |
| TEMA (21): | 2,102.73 | |
| Williams %R (14): | -54.10 | |
| Chande Momentum Oscillator (20): | -9.50 | |
| Repulse (5,40,3): | 0.1400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 0.97 |
| MA7: | 2,084.99 | |
| MA20: | 1,987.09 | |
| MA50: | 2,170.68 | |
| MA100: | 2,438.54 | |
| MAexp7: | 2,093.33 | |
| MAexp20: | 2,085.24 | |
| MAexp50: | 2,075.19 | |
| MAexp100: | 2,073.18 | |
| Price / MA7: | +0.96% | |
| Price / MA20: | +5.93% | |
| Price / MA50: | -3.03% | |
| Price / MA100: | -13.68% | |
| Price / MAexp7: | +0.56% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | +1.44% | |
| Price / MAexp100: | +1.53% |
Quotes :
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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:
-
Will palladium continue to drive higher? – 27 November 2020
-
Will palladium set a new record high? – 6th February 2020
-
“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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