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

PLATINUM - 1H - Technical analysis published on 08/08/2024 (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: Bearish
Underlying: Bearish
Technical indicators
17%
33%
50%
My opinion
Bearish under 943.53 USD
My targets
907.58 USD (-1.83%)
886.24 USD (-4.14%)
My analysis
There is a bearish trend on PLATINUM both at the basic level and in the short term. A sale could be considered, so long as the price remains below 943.53 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 907.58 USD. Then the price could move towards 886.24 USD. Then 708.29 USD by extension. Be careful, a return to above the resistance 943.53 USD would be a sign of a weakening of the trend and a possible rebound 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 is perhaps more risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
4.5

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.

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

Additional analysis

Quotes

The PLATINUM price is 924.50 USD. On the day, this instrument lost -0.56% with the lowest point at 921.00 USD and the highest point at 926.20 USD. The deviation from the price is +0.38% for the low point and -0.18% for the high point.

921.00
926.20
924.50

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of PLATINUM in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 886.24 907.58 924.42 924.50 943.53 957.03 965.88
Change (%) -4.14% -1.83% -0.01% - +2.06% +3.52% +4.48%
Change -38.26 -16.92 -0.08 - +19.03 +32.53 +41.38
Level Major Major Intermediate - 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
Standard888.70902.00912.30925.60935.90949.20959.50
Camarilla916.11918.27920.44922.60924.76926.93929.09
Woodie887.20901.25910.80924.85934.40948.45958.00
Fibonacci902.00911.02916.59925.60934.62940.19949.20


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard903.40924.80946.20967.60989.001,010.401,031.80
Camarilla955.83959.75963.68967.60971.52975.45979.37
Woodie903.40924.80946.20967.60989.001,010.401,031.80
Fibonacci924.80941.15951.25967.60983.95994.051,010.40


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard805.10869.90920.20985.001,035.301,100.101,150.40
Camarilla938.85949.40959.95970.50981.05991.601,002.15
Woodie797.85866.28912.95981.381,028.051,096.481,143.15
Fibonacci869.90913.87941.03985.001,028.971,056.131,100.10

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): 47.52
MACD (12,26,9): -0.7100
Directional Movement: -1.01
AROON (14): -35.71
DEMA (21): 924.33
Parabolic SAR (0,02-0,02-0,2): 936.46
Elder Ray (13): -0.92
Super Trend (3,10): 919.67
Zig ZAG (10): 924.30
VORTEX (21): 0.9700
Stochastique (14,3,5): 14.95
TEMA (21): 924.26
Williams %R (14): -77.84
Chande Momentum Oscillator (20): -4.20
Repulse (5,40,3): -0.0700
ROCnROLL: -1
TRIX (15,9): 0.0000
Courbe Coppock: 1.15
MA7: 943.89
MA20: 965.56
MA50: 989.78
MA100: 992.17
MAexp7: 923.71
MAexp20: 924.86
MAexp50: 927.68
MAexp100: 936.16
Price / MA7: -2.05%
Price / MA20: -4.25%
Price / MA50: -6.60%
Price / MA100: -6.82%
Price / MAexp7: +0.09%
Price / MAexp20: -0.04%
Price / MAexp50: -0.34%
Price / MAexp100: -1.25%

Quotes : - 10 min delayed data - NYMEX Futures

News


Don't forget to follow the news on PLATINUM. 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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