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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 08/14/2024 (GMT)

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Londinia
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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Bullish
Underlying: Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 944.47 USD
My targets
939.53 USD (-0.25%)
933.17 USD (-0.93%)
My analysis
In a bearish trend, the price of PLATINUM tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 944.47 USD. A bearish break in the support located at 939.53 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 933.17 USD. Then 928.23 USD by extension. It would be safer to wait for a bearish break in the support located at 939.53 USD before allowing yourself to re trade short positions (for sale) on PLATINUM. PS: if there is a bullish break in the resistance located at 944.47 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0

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 941.90 USD. On the day, this instrument lost -0.42% with the lowest point at 936.60 USD and the highest point at 948.40 USD. The deviation from the price is +0.57% for the low point and -0.69% for the high point.

936.60
948.40
941.90

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



Here is a more detailed summary of the historical variations registered by PLATINUM:
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 this 15 min. chart of PLATINUM indicates that the overall trend is bearish. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes

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

Central Indicators

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes


Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes


Ichimoku - Bullish crossover : Tenkan & Kijun

Type : Bullish

Timeframe : 15 minutes


Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes



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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 907.58 913.18 924.42 941.90 943.36 948.77 955.00
Change (%) -3.64% -3.05% -1.86% - +0.16% +0.73% +1.39%
Change -34.32 -28.72 -17.48 - +1.46 +6.87 +13.10
Level Major Intermediate Intermediate - Intermediate Major 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
Standard928.23933.17939.53944.47950.83955.77962.13
Camarilla942.79943.83944.86945.90946.94947.97949.01
Woodie928.95933.53940.25944.83951.55956.13962.85
Fibonacci933.17937.48940.15944.47948.78951.45955.77


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): 53.11
MACD (12,26,9): -0.5000
Directional Movement: 1.51
AROON (14): 71.43
DEMA (21): 939.18
Parabolic SAR (0,02-0,02-0,2): 937.33
Elder Ray (13): 0.83
Super Trend (3,10): 936.02
Zig ZAG (10): 940.60
VORTEX (21): 1.0000
Stochastique (14,3,5): 74.42
TEMA (21): 939.38
Williams %R (14): -21.57
Chande Momentum Oscillator (20): 1.40
Repulse (5,40,3): 0.0700
ROCnROLL: -1
TRIX (15,9): -0.0200
Courbe Coppock: 0.04
MA7: 936.23
MA20: 952.69
MA50: 983.16
MA100: 992.58
MAexp7: 940.24
MAexp20: 939.99
MAexp50: 941.35
MAexp100: 942.05
Price / MA7: +0.61%
Price / MA20: -1.13%
Price / MA50: -4.20%
Price / MA100: -5.11%
Price / MAexp7: +0.18%
Price / MAexp20: +0.20%
Price / MAexp50: +0.06%
Price / MAexp100: -0.02%

Quotes : - 10 min delayed data - NYMEX Futures

News


The latest news and videos published on PLATINUM at the time of the analysis were as follows:

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

About author

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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