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Precious Metals

Check the daily chart of Precious Metals. The closing price of 2023-03-24 was USD 225.39 per share.

Precious Metals Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Precious Metals Daily Moving Averages ChartPrecious Metals Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Precious Metals:

    Precious Metals Daily Moving Average Convergence/Divergence (MACD) ChartPrecious Metals Daily Moving Average Convergence/Divergence (MACD) Chart
    1.3 Directional Movement Index (DMI)

    The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

    The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Precious Metals:

    • The ADX is .
    • The ADX is declining, there is no upcoming trend indication. -1
    • The +DI crossed the -DI to the downside. The trend is reversing to a down trend. -1
    Precious Metals Daily Directional Movement Index (DMI) ChartPrecious Metals Daily Directional Movement Index (DMI) Chart
    1.4 Parabolic SAR

    Shows the current trend and potential entry and exit signals.

    • Parabolic SAR (stop and reverse) is a lagging trend indicator.
    • Shows the current trend.
    • Shows potential entry signals.
    • Shows  potential exit signals.
    • Can be used to place trailing stoplosses..
  • The Parabolic SAR is lower than the price. The current trend is up. +2
  • Precious Metals Daily Parabolic SAR ChartPrecious Metals Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    • The RSI is below 30 and oversold. +2
    Precious Metals Daily Relative Strength Index (RSI) ChartPrecious Metals Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    Precious Metals Daily Stochastic Oscillator ChartPrecious Metals Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Precious Metals Daily Commodity Channel Index (CCI) ChartPrecious Metals Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Precious Metals Daily Chande Momentum Oscillator (CMO) ChartPrecious Metals Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Precious Metals Daily Williams %R ChartPrecious Metals Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Precious Metals Daily Bollinger Bands ChartPrecious Metals Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Precious Metals Daily Average True Range (ATR) ChartPrecious Metals Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Precious Metals Daily On-Balance Volume (OBV) ChartPrecious Metals Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Precious Metals Daily Money Flow Index (MFI) ChartPrecious Metals Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Precious Metals.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2023-03-16ATR SHORT ENTRY LONG CLOSE
    2023-03-17CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    2023-03-20CMO LONG ENTRY SHORT CLOSE50 crossover to upside
    WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE
    2023-03-22STOCH SHORT ENTRY LONG CLOSE80 crossover to downside
    ATR SHORT ENTRY LONG CLOSE

    5.2. Technical Score

    Let's check the technical score of Precious Metals based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    OpenGreater thanClose225.840
    Total1/1 (100.0%)

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