Overall PLTM gets a technical rating of 8 out of 10. In the last year, PLTM was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month PLTM has a been trading in the 19.36 - 27.69 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- Looking at the yearly performance, PLTM did better than 96% of all other stocks. We also observe that the gains produced by PLTM over the past year are nicely spread over this period.
- PLTM has an average volume of 1902990 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- PLTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PLTM is lagging the market.
Although PLTM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.86
When analyzing the support we can see 4 important areas.
- A support zone ranging from 20.56 to 20.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.37 to 16.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.92 from a trend line in the weekly time frame.
- Support @8.95 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PLTM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PLTM is down. |
| ChartMill Relative Strength | 96.04 | POSITIVE | PLTM has a high relative strength, it outperformed 96.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PLTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PLTM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PLTM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.36 | NEUTRAL | The RSI value for PLTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests PLTM has a negative trend. |
| Stochastics (14,3) | 17.77 | OVERSOLD | The low Stochastics value suggests PLTM may be oversold. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for PLTM suggests high volalility. |
| Average Directional Index/ADX (14) | 30.92 | POSITIVE | The high ADX value value for PLTM suggests a strong trend. |
21.4
+0.84 (+4.09%)
GRANITESHARES PLATINUM TRUST / PLTM FAQ
Can you provide the ChartMill technical rating for GRANITESHARES PLATINUM TRUST?
ChartMill assigns a technical rating of 8 / 10 to PLTM.
What is the current trend direction of GRANITESHARES PLATINUM TRUST (PLTM) stock?
The current trend direction for GRANITESHARES PLATINUM TRUST (PLTM) is Bullish.
What is the RSI signal for GRANITESHARES PLATINUM TRUST (PLTM) stock?
GRANITESHARES PLATINUM TRUST (PLTM) has an RSI value of 46.358. This indicates that the stock is currently neutral.
Can you provide the short term momentum for GRANITESHARES PLATINUM TRUST?
The short term momentum for GRANITESHARES PLATINUM TRUST (PLTM) is negative.
What is the support and resistance level for PLTM stock?
GRANITESHARES PLATINUM TRUST (PLTM) has a support level at 20.56. Check the full technical report for our detailed analysis of PLTM support and resistance levels.