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 04/22/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

72%

28%

My opinion

Bullish above 2,396.94 USD

My targets

2,541.39 USD (+4.89%)

2,740.49 USD (+13.10%)

My analysis

A bullish trend on PALLADIUM both in substance and in the short term. A purchase could be considered as long as the price remains above 2,396.94 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2,541.39 USD. Then the price could move towards 2,740.49 USD. Then 3,001.90 USD by extension. Be careful, a return below 2,396.94 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

6.3

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

PALLADIUM rating 2,423.00 USD. The price registered an increase of +0.12% on the session and was traded between 2,412.50 USD and 2,447.00 USD over the period. The price is currently at +0.44% from its lowest and -0.98% from its highest.

2,412.50

2,447.00

2,423.00

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this PALLADIUM chart shows a bullish trend. The signals given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 13 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,836.54	2,227.90	2,396.94	2,423.00	2,541.39	2,740.49	3,001.90
Change (%)	-24.20%	-8.05%	-1.08%	-	+4.89%	+13.10%	+23.89%
Change	-586.46	-195.10	-26.06	-	+118.39	+317.49	+578.90
Level	Intermediate	Major	Minor	-	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	2,260.30	2,316.40	2,368.30	2,424.40	2,476.30	2,532.40	2,584.30
Camarilla	2,390.50	2,400.40	2,410.30	2,420.20	2,430.10	2,440.00	2,449.90
Woodie	2,258.20	2,315.35	2,366.20	2,423.35	2,474.20	2,531.35	2,582.20
Fibonacci	2,316.40	2,357.66	2,383.14	2,424.40	2,465.66	2,491.14	2,532.40

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,026.60	2,163.80	2,259.60	2,396.80	2,492.60	2,629.80	2,725.60
Camarilla	2,291.33	2,312.68	2,334.04	2,355.40	2,376.76	2,398.12	2,419.48
Woodie	2,005.90	2,153.45	2,238.90	2,386.45	2,471.90	2,619.45	2,704.90
Fibonacci	2,163.80	2,252.81	2,307.79	2,396.80	2,485.81	2,540.79	2,629.80

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	320.83	1,173.17	1,720.33	2,572.67	3,119.83	3,972.17	4,519.33
Camarilla	1,882.64	2,010.93	2,139.21	2,267.50	2,395.79	2,524.08	2,652.36
Woodie	168.25	1,096.88	1,567.75	2,496.38	2,967.25	3,895.88	4,366.75
Fibonacci	1,173.17	1,707.78	2,038.06	2,572.67	3,107.28	3,437.56	3,972.17

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):	51.64
MACD (12,26,9):	-3.5500
Directional Movement:	5.27
AROON (14):	21.43
DEMA (21):	2,370.62
Parabolic SAR (0,02-0,02-0,2):	2,173.51
Elder Ray (13):	44.72
Super Trend (3,10):	2,696.22
Zig ZAG (10):	2,416.00
VORTEX (21):	0.9700
Stochastique (14,3,5):	72.49
TEMA (21):	2,374.26
Williams %R (14):	-32.07
Chande Momentum Oscillator (20):	180.70
Repulse (5,40,3):	0.7900
ROCnROLL:	1
TRIX (15,9):	-0.2000
Courbe Coppock:	12.67

MA7:	2,402.67
MA20:	2,322.18
MA50:	2,453.39
MA100:	2,229.46
MAexp7:	2,403.31
MAexp20:	2,385.65
MAexp50:	2,376.36
MAexp100:	2,319.71
Price / MA7:	+0.85%
Price / MA20:	+4.34%
Price / MA50:	-1.24%
Price / MA100:	+8.68%
Price / MAexp7:	+0.82%
Price / MAexp20:	+1.57%
Price / MAexp50:	+1.96%
Price / MAexp100:	+4.45%

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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