PLATINUM - 15 min. - Technical analysis published on 08/12/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 935.13 USD
My targets
957.23 USD (+1.51%)
965.67 USD (+2.40%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PLATINUM as long as the price remains well above 935.13 USD. The buyers' bullish objective is set at 957.23 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 965.67 USD. If there is any crossing, the next objective would be the resistance located at 965.88 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
6.8
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Additional analysis
Quotes
The PLATINUM price is 943.00 USD. The price has increased by +1.41% since the last closing and was traded between 925.90 USD and 947.40 USD over the period. The price is currently at +1.85% from its lowest and -0.46% from its highest.925.90
947.40
943.00
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
A study of price movements over other periods shows the following variations:
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
A technical analysis in 15 min. of this PLATINUM chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 15 minutes
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
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 | 907.58 | 924.42 | 933.40 | 943.00 | 943.36 | 965.88 | 988.98 |
| Change (%) | -3.76% | -1.97% | -1.02% | - | +0.04% | +2.43% | +4.88% |
| Change | -35.42 | -18.58 | -9.60 | - | +0.36 | +22.88 | +45.98 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 899.37 | 913.03 | 921.47 | 935.13 | 943.57 | 957.23 | 965.67 |
| Camarilla | 923.82 | 925.85 | 927.87 | 929.90 | 931.93 | 933.95 | 935.98 |
| Woodie | 896.75 | 911.73 | 918.85 | 933.83 | 940.95 | 955.93 | 963.05 |
| Fibonacci | 913.03 | 921.48 | 926.69 | 935.13 | 943.58 | 948.79 | 957.23 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 851.37 | 882.23 | 906.07 | 936.93 | 960.77 | 991.63 | 1,015.47 |
| Camarilla | 914.86 | 919.87 | 924.89 | 929.90 | 934.91 | 939.93 | 944.94 |
| Woodie | 847.85 | 880.48 | 902.55 | 935.18 | 957.25 | 989.88 | 1,011.95 |
| Fibonacci | 882.23 | 903.13 | 916.04 | 936.93 | 957.83 | 970.74 | 991.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 805.10 | 869.90 | 920.20 | 985.00 | 1,035.30 | 1,100.10 | 1,150.40 |
| Camarilla | 938.85 | 949.40 | 959.95 | 970.50 | 981.05 | 991.60 | 1,002.15 |
| Woodie | 797.85 | 866.28 | 912.95 | 981.38 | 1,028.05 | 1,096.48 | 1,143.15 |
| Fibonacci | 869.90 | 913.87 | 941.03 | 985.00 | 1,028.97 | 1,056.13 | 1,100.10 |
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): | 68.76 | |
| MACD (12,26,9): | 2.8900 | |
| Directional Movement: | 26.98 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 945.77 | |
| Parabolic SAR (0,02-0,02-0,2): | 946.02 | |
| Elder Ray (13): | 1.13 | |
| Super Trend (3,10): | 939.29 | |
| Zig ZAG (10): | 943.60 | |
| VORTEX (21): | 1.2500 | |
| Stochastique (14,3,5): | 52.57 | |
| TEMA (21): | 946.39 | |
| Williams %R (14): | -61.40 | |
| Chande Momentum Oscillator (20): | 1.40 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 0.70 |
| MA7: | 935.09 | |
| MA20: | 959.15 | |
| MA50: | 985.84 | |
| MA100: | 992.45 | |
| MAexp7: | 943.66 | |
| MAexp20: | 941.84 | |
| MAexp50: | 937.36 | |
| MAexp100: | 935.37 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | -1.68% | |
| Price / MA50: | -4.35% | |
| Price / MA100: | -4.98% | |
| Price / MAexp7: | -0.07% | |
| Price / MAexp20: | +0.12% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | +0.82% |
Quotes :
-
10 min delayed data
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NYMEX Futures
News
The latest news and videos published on PLATINUM at the time of the analysis were as follows:
-
Sylvania Platinum - executive interview
-
Queen's Platinum Jubilee attempt at record for longest ever picnic at Windsor Castle
-
Platinum Jubilee: Richard Griffin on the Queen's sense of humour
-
Platinum Jubilee: Highlights from the Queen's four-day celebrations
-
Platinum Jubilee: The People's Pageant delights crowds in London
This member declared not having a position on this financial instrument or a related financial instrument.
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