PLATINUM - 15 min. - Technical analysis published on 11/05/2024 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
22%
61%
My opinion
Bullish above 995.50 USD
My targets
1,004.50 USD (+0.51%)
1,018.50 USD (+1.91%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 995.50 USD remains possible. It is advisable to trade PLATINUM with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 995.50 USD. The next bullish objective for buyers is set at 1,004.50 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,018.50 USD. If there is any crossing, the next objective would be the resistance located at 1,027.50 USD. PS: if there is a bearish break in the support located at 995.50 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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Additional analysis
Quotes
PLATINUM rating 999.40 USD. The price has increased by +0.90% since the last closing and was traded between 986.70 USD and 1,004.10 USD over the period. The price is currently at +1.29% from its lowest and -0.47% from its highest.986.70
1,004.10
999.40
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PLATINUM:
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 bullish. The signals given by moving averages are 64.29% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
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.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 957.13 | 986.50 | 993.00 | 999.40 | 1,005.40 | 1,022.80 | 1,057.78 |
| Change (%) | -4.23% | -1.29% | -0.64% | - | +0.60% | +2.34% | +5.84% |
| Change | -42.27 | -12.90 | -6.40 | - | +6.00 | +23.40 | +58.38 |
| Level | Minor | Intermediate | Minor | - | Major | Intermediate | 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 | 958.50 | 972.50 | 981.50 | 995.50 | 1,004.50 | 1,018.50 | 1,027.50 |
| Camarilla | 984.18 | 986.28 | 988.39 | 990.50 | 992.61 | 994.72 | 996.83 |
| Woodie | 956.00 | 971.25 | 979.00 | 994.25 | 1,002.00 | 1,017.25 | 1,025.00 |
| Fibonacci | 972.50 | 981.29 | 986.71 | 995.50 | 1,004.29 | 1,009.71 | 1,018.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 904.13 | 948.57 | 975.73 | 1,020.17 | 1,047.33 | 1,091.77 | 1,118.93 |
| Camarilla | 983.21 | 989.77 | 996.34 | 1,002.90 | 1,009.46 | 1,016.03 | 1,022.59 |
| Woodie | 895.50 | 944.25 | 967.10 | 1,015.85 | 1,038.70 | 1,087.45 | 1,110.30 |
| Fibonacci | 948.57 | 975.92 | 992.82 | 1,020.17 | 1,047.52 | 1,064.42 | 1,091.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 837.47 | 895.23 | 949.07 | 1,006.83 | 1,060.67 | 1,118.43 | 1,172.27 |
| Camarilla | 972.21 | 982.44 | 992.67 | 1,002.90 | 1,013.13 | 1,023.36 | 1,033.59 |
| Woodie | 835.50 | 894.25 | 947.10 | 1,005.85 | 1,058.70 | 1,117.45 | 1,170.30 |
| Fibonacci | 895.23 | 937.87 | 964.20 | 1,006.83 | 1,049.47 | 1,075.80 | 1,118.43 |
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): | 62.52 | |
| MACD (12,26,9): | 2.1800 | |
| Directional Movement: | 7.66 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1,003.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,003.80 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 997.71 | |
| Zig ZAG (10): | 1,001.00 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 55.83 | |
| TEMA (21): | 1,003.63 | |
| Williams %R (14): | -63.64 | |
| Chande Momentum Oscillator (20): | -1.00 | |
| Repulse (5,40,3): | -0.1900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 0.60 |
| MA7: | 1,017.24 | |
| MA20: | 1,012.14 | |
| MA50: | 992.12 | |
| MA100: | 991.21 | |
| MAexp7: | 1,001.40 | |
| MAexp20: | 1,000.23 | |
| MAexp50: | 997.15 | |
| MAexp100: | 996.73 | |
| Price / MA7: | -1.75% | |
| Price / MA20: | -1.26% | |
| Price / MA50: | +0.73% | |
| Price / MA100: | +0.83% | |
| Price / MAexp7: | -0.20% | |
| Price / MAexp20: | -0.08% | |
| Price / MAexp50: | +0.23% | |
| Price / MAexp100: | +0.27% |
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:
-
Costco starts selling platinum bars after a golden success #shorts
-
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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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