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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 - 15 min. - Technical analysis published on 08/13/2024 (GMT)

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  • Timeframe : 15 min.
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 942.50 USD
My targets
959.10 USD (+1.42%)
971.60 USD (+2.74%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on PLATINUM as long as the price remains well above 942.50 USD. The buyers' bullish objective is set at 959.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 971.60 USD. If there is any crossing, the next objective would be the resistance located at 988.20 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.4

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:
1H Daily Weekly

Additional analysis

Quotes

The PLATINUM price is 945.70 USD. On the day, this instrument lost -0.10% with the lowest point at 940.50 USD and the highest point at 949.40 USD. The deviation from the price is +0.55% for the low point and -0.39% for the high point.

940.50
949.40
945.70

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by PLATINUM:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 15 min. shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes


Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 15 minutes



The technical indicators are bullish. There is still some doubt about the price increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Three white soldiers

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 924.42 933.37 943.36 945.70 955.00 965.70 984.57
Change (%) -2.25% -1.30% -0.25% - +0.98% +2.11% +4.11%
Change -21.28 -12.33 -2.34 - +9.30 +20.00 +38.87
Level Intermediate Minor Intermediate - Minor 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
Standard900.90913.40930.00942.50959.10971.60988.20
Camarilla938.60941.27943.93946.60949.27951.94954.60
Woodie902.95914.43932.05943.53961.15972.63990.25
Fibonacci913.40924.52931.38942.50953.62960.48971.60


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard851.37882.23906.07936.93960.77991.631,015.47
Camarilla914.86919.87924.89929.90934.91939.93944.94
Woodie847.85880.48902.55935.18957.25989.881,011.95
Fibonacci882.23903.13916.04936.93957.83970.74991.63


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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 52.91
MACD (12,26,9): -0.5600
Directional Movement: -0.38
AROON (14): 21.43
DEMA (21): 942.74
Parabolic SAR (0,02-0,02-0,2): 940.58
Elder Ray (13): 1.47
Super Trend (3,10): 946.36
Zig ZAG (10): 944.50
VORTEX (21): 1.0400
Stochastique (14,3,5): 75.20
TEMA (21): 942.74
Williams %R (14): -29.41
Chande Momentum Oscillator (20): 0.10
Repulse (5,40,3): 0.1000
ROCnROLL: -1
TRIX (15,9): -0.0100
Courbe Coppock: 0.09
MA7: 932.46
MA20: 955.98
MA50: 984.60
MA100: 992.54
MAexp7: 943.45
MAexp20: 943.73
MAexp50: 944.51
MAexp100: 943.48
Price / MA7: +1.42%
Price / MA20: -1.08%
Price / MA50: -3.95%
Price / MA100: -4.72%
Price / MAexp7: +0.24%
Price / MAexp20: +0.21%
Price / MAexp50: +0.13%
Price / MAexp100: +0.24%

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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