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PALLADIUM
PALLADIUM
- USD (-)
- 10 min delayed data - NYMEX Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Commodities
Ticker: PA
ISIN:

PALLADIUM - 1H - Technical analysis published on 12/08/2021 (GMT)

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Londinia
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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
61%
0%
39%
My opinion
Bullish above 1,831.94 USD
My targets
1,884.00 USD (+1.56%)
1,911.00 USD (+3.02%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 1,831.94 USD remains possible. It is advisable to trade PALLADIUM with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 1,831.94 USD. The next bullish objective for buyers is set at 1,884.00 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,911.00 USD. If there is any crossing, the next objective would be the resistance located at 1,973.21 USD. PS: if there is a bearish break in the support located at 1,831.94 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
0
10
5.9

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.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The PALLADIUM price is 1,855.00 USD. The price registered an increase of +0.43% on the session and was between 1,846.50 USD and 1,875.00 USD. This implies that the price is at +0.46% from its lowest and at -1.07% from its highest.

1,846.50
1,875.00
1,855.00

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of PALLADIUM in 1H shows an overall bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,750.00 1,799.64 1,831.94 1,855.00 1,884.00 1,911.00 1,973.21
Change (%) -5.66% -2.98% -1.24% - +1.56% +3.02% +6.37%
Change -105.00 -55.36 -23.06 - +29.00 +56.00 +118.21
Level Minor Minor Major - Intermediate Minor Minor



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
Standard1,760.331,792.671,819.831,852.171,879.331,911.671,938.83
Camarilla1,830.641,836.091,841.551,847.001,852.451,857.911,863.36
Woodie1,757.751,791.381,817.251,850.881,876.751,910.381,936.25
Fibonacci1,792.671,815.401,829.441,852.171,874.901,888.941,911.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,541.231,618.871,715.731,793.371,890.231,967.872,064.73
Camarilla1,764.611,780.611,796.601,812.601,828.601,844.591,860.59
Woodie1,550.851,623.681,725.351,798.181,899.851,972.682,074.35
Fibonacci1,618.871,685.531,726.711,793.371,860.031,901.211,967.87


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,043.171,369.831,561.671,888.332,080.172,406.832,598.67
Camarilla1,610.911,658.441,705.971,753.501,801.031,848.561,896.09
Woodie975.751,336.131,494.251,854.632,012.752,373.132,531.25
Fibonacci1,369.831,567.901,690.271,888.332,086.402,208.772,406.83

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): 61.43
MACD (12,26,9): 8.1000
Directional Movement: 12.22
AROON (14): 64.29
DEMA (21): 1,868.56
Parabolic SAR (0,02-0,02-0,2): 1,856.61
Elder Ray (13): 6.80
Super Trend (3,10): 1,840.72
Zig ZAG (10): 1,872.50
VORTEX (21): 0.9800
Stochastique (14,3,5): 89.06
TEMA (21): 1,867.62
Williams %R (14): -7.81
Chande Momentum Oscillator (20): 29.00
Repulse (5,40,3): 0.4200
ROCnROLL: 1
TRIX (15,9): 0.0600
Courbe Coppock: 1.01
MA7: 1,800.37
MA20: 1,929.99
MA50: 1,980.62
MA100: 2,171.05
MAexp7: 1,866.15
MAexp20: 1,857.42
MAexp50: 1,840.20
MAexp100: 1,822.20
Price / MA7: +3.03%
Price / MA20: -3.89%
Price / MA50: -6.34%
Price / MA100: -14.56%
Price / MAexp7: -0.60%
Price / MAexp20: -0.13%
Price / MAexp50: +0.80%
Price / MAexp100: +1.80%

Quotes : - 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.

About author

Londinia
Londinia AI

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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

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