PALLADIUM - Daily - Technical analysis published on 04/14/2023 (GMT)
- 322
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,462.79 USD
My targets
1,555.67 USD (+2.82%)
1,622.75 USD (+7.25%)
My analysis
The strong short-term increase in PALLADIUM calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 1,462.79 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 1,555.67 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1,622.75 USD as an objective. Crossing it would then enable buyers to target 1,812.03 USD. Caution, a return under 1,462.79 USD could jeopardize the reversal.
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
3
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 osshakim. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PALLADIUM price is 1,513.00 USD. The price registered an increase of +1.16% on the session and was traded between 1,505.00 USD and 1,517.50 USD over the period. The price is currently at +0.53% from its lowest and -0.30% from its highest.1,505.00
1,517.50
1,513.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PALLADIUM:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PALLADIUM in Daily shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,155.14 | 1,362.10 | 1,462.79 | 1,513.00 | 1,622.75 | 1,812.03 | 1,999.27 |
| Change (%) | -23.65% | -9.97% | -3.32% | - | +7.25% | +19.76% | +32.14% |
| Change | -357.86 | -150.90 | -50.21 | - | +109.75 | +299.03 | +486.27 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
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 | 1,379.33 | 1,412.17 | 1,458.83 | 1,491.67 | 1,538.33 | 1,571.17 | 1,617.83 |
| Camarilla | 1,483.64 | 1,490.93 | 1,498.21 | 1,505.50 | 1,512.79 | 1,520.08 | 1,527.36 |
| Woodie | 1,386.25 | 1,415.63 | 1,465.75 | 1,495.13 | 1,545.25 | 1,574.63 | 1,624.75 |
| Fibonacci | 1,412.17 | 1,442.54 | 1,461.30 | 1,491.67 | 1,522.04 | 1,540.80 | 1,571.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,323.60 | 1,365.80 | 1,414.10 | 1,456.30 | 1,504.60 | 1,546.80 | 1,595.10 |
| Camarilla | 1,437.51 | 1,445.81 | 1,454.10 | 1,462.40 | 1,470.70 | 1,478.99 | 1,487.29 |
| Woodie | 1,326.65 | 1,367.33 | 1,417.15 | 1,457.83 | 1,507.65 | 1,548.33 | 1,598.15 |
| Fibonacci | 1,365.80 | 1,400.37 | 1,421.73 | 1,456.30 | 1,490.87 | 1,512.23 | 1,546.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,157.67 | 1,245.33 | 1,356.67 | 1,444.33 | 1,555.67 | 1,643.33 | 1,754.67 |
| Camarilla | 1,413.28 | 1,431.52 | 1,449.76 | 1,468.00 | 1,486.24 | 1,504.48 | 1,522.73 |
| Woodie | 1,169.50 | 1,251.25 | 1,368.50 | 1,450.25 | 1,567.50 | 1,649.25 | 1,766.50 |
| Fibonacci | 1,245.33 | 1,321.35 | 1,368.32 | 1,444.33 | 1,520.35 | 1,567.32 | 1,643.33 |
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): | 57.88 | |
| MACD (12,26,9): | 4.4600 | |
| Directional Movement: | 7.16 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,451.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,363.78 | |
| Elder Ray (13): | 52.86 | |
| Super Trend (3,10): | 1,554.32 | |
| Zig ZAG (10): | 1,512.00 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 78.90 | |
| TEMA (21): | 1,483.86 | |
| Williams %R (14): | -9.06 | |
| Chande Momentum Oscillator (20): | 97.30 | |
| Repulse (5,40,3): | 2.7400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 6.68 |
| MA7: | 1,458.90 | |
| MA20: | 1,438.81 | |
| MA50: | 1,465.51 | |
| MA100: | 1,628.29 | |
| MAexp7: | 1,472.03 | |
| MAexp20: | 1,453.24 | |
| MAexp50: | 1,496.87 | |
| MAexp100: | 1,610.36 | |
| Price / MA7: | +3.71% | |
| Price / MA20: | +5.16% | |
| Price / MA50: | +3.24% | |
| Price / MA100: | -7.08% | |
| Price / MAexp7: | +2.78% | |
| Price / MAexp20: | +4.11% | |
| Price / MAexp50: | +1.08% | |
| Price / MAexp100: | -6.05% |
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:
-
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.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis PALLADIUM - Daily