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 04/29/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bearish

Technical indicators

44%

22%

33%

My opinion

Bearish under 2,396.94 USD

My targets

2,227.90 USD (-3.41%)

2,171.87 USD (-5.84%)

My analysis

The basic trend is currently slightly bearish on PALLADIUM and the short term does not seem to show any sign of improvement. Sellers are struggling to get their hands on this instrument. However, as long as the price remains below 2,396.94 USD, sales could be favoured. The first bearish objective would be located at 2,227.90 USD. Sellers would then use the next support located at 2,171.87 USD as an objective. Crossing it would then enable sellers to target 2,020.00 USD. A return to above the resistance at 2,396.94 USD could jeopardize this fragile bearish trend. Indecision would then be total and in this case you could keep away.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

1.8

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

The PALLADIUM price is 2,306.50 USD. The price has increased by +4.36% since the last closing and was traded between 2,227.00 USD and 2,316.00 USD over the period. The price is currently at +3.57% from its lowest and -0.41% from its highest.

2,227.00

2,316.00

2,306.50

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

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 Daily shows an overall slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1,836.54	2,020.00	2,227.90	2,306.50	2,396.94	2,541.39	2,740.49
Change (%)	-20.38%	-12.42%	-3.41%	-	+3.92%	+10.18%	+18.82%
Change	-469.96	-286.50	-78.60	-	+90.44	+234.89	+433.99
Level	Intermediate	Minor	Major	-	Intermediate	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	2,098.40	2,150.70	2,180.40	2,232.70	2,262.40	2,314.70	2,344.40
Camarilla	2,187.55	2,195.07	2,202.58	2,210.10	2,217.62	2,225.13	2,232.65
Woodie	2,087.10	2,145.05	2,169.10	2,227.05	2,251.10	2,309.05	2,333.10
Fibonacci	2,150.70	2,182.02	2,201.38	2,232.70	2,264.02	2,283.38	2,314.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	2,171.87	2,258.43	2,317.37	2,403.93	2,462.87	2,549.43	2,608.37
Camarilla	2,336.29	2,349.63	2,362.96	2,376.30	2,389.64	2,402.98	2,416.31
Woodie	2,158.05	2,251.53	2,303.55	2,397.03	2,449.05	2,542.53	2,594.55
Fibonacci	2,258.43	2,314.01	2,348.35	2,403.93	2,459.51	2,493.85	2,549.43

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):	48.00
MACD (12,26,9):	-43.6800
Directional Movement:	-5.60
AROON (14):	-64.29
DEMA (21):	2,257.73
Parabolic SAR (0,02-0,02-0,2):	2,497.09
Elder Ray (13):	-27.77
Super Trend (3,10):	2,624.30
Zig ZAG (10):	2,300.00
VORTEX (21):	1.0200
Stochastique (14,3,5):	37.55
TEMA (21):	2,236.99
Williams %R (14):	-45.85
Chande Momentum Oscillator (20):	-38.30
Repulse (5,40,3):	2.1200
ROCnROLL:	-1
TRIX (15,9):	-0.2400
Courbe Coppock:	1.93

MA7:	2,258.97
MA20:	2,307.83
MA50:	2,442.21
MA100:	2,246.81
MAexp7:	2,266.29
MAexp20:	2,313.31
MAexp50:	2,343.77
MAexp100:	2,308.56
Price / MA7:	+2.10%
Price / MA20:	-0.06%
Price / MA50:	-5.56%
Price / MA100:	+2.66%
Price / MAexp7:	+1.77%
Price / MAexp20:	-0.29%
Price / MAexp50:	-1.59%
Price / MAexp100:	-0.09%

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.

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