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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: Strongly bearish
Underlying: Strongly bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 942.50 USD
My targets
930.00 USD (-0.90%)
913.40 USD (-2.66%)
My analysis
PLATINUM is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 942.50 USD. The next support located at 930.00 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 913.40 USD. Below this support, sellers could then target 900.90 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1

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

PLATINUM rating 938.40 USD. The price registered a decrease of -0.87% on the session and was between 938.10 USD and 949.40 USD. This implies that the price is at +0.03% from its lowest and at -1.16% from its highest.

938.10
949.40
938.40

The Central Gaps scanner detects a bullish opening. A small advantage for buyers 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 for higher/lower results shows the following items:

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 a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 15 minutes



Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly



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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these bullish signals that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami

Type : Bullish

Timeframe : 15 minutes


Bullish harami cross

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 907.58 924.42 933.37 938.40 943.36 955.00 965.70
Change (%) -3.28% -1.49% -0.54% - +0.53% +1.77% +2.91%
Change -30.82 -13.98 -5.03 - +4.96 +16.60 +27.30
Level Major Intermediate Minor - Intermediate Minor Minor



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
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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 42.59
MACD (12,26,9): -0.6100
Directional Movement: -7.94
AROON (14): -85.71
DEMA (21): 941.60
Parabolic SAR (0,02-0,02-0,2): 944.90
Elder Ray (13): -1.56
Super Trend (3,10): 946.36
Zig ZAG (10): 939.60
VORTEX (21): 0.9200
Stochastique (14,3,5): 22.75
TEMA (21): 941.12
Williams %R (14): -92.68
Chande Momentum Oscillator (20): -5.30
Repulse (5,40,3): -0.2400
ROCnROLL: 2
TRIX (15,9): -0.0100
Courbe Coppock: 0.55
MA7: 931.59
MA20: 955.84
MA50: 984.55
MA100: 992.51
MAexp7: 940.84
MAexp20: 942.77
MAexp50: 943.67
MAexp100: 943.35
Price / MA7: +0.73%
Price / MA20: -1.82%
Price / MA50: -4.69%
Price / MA100: -5.45%
Price / MAexp7: -0.26%
Price / MAexp20: -0.46%
Price / MAexp50: -0.56%
Price / MAexp100: -0.52%

Quotes : - 10 min delayed data - NYMEX Futures

News


The last news published on PLATINUM at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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Londinia
Londinia AI

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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…

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