S Physical Platinum ETF Forecast

$83.55
+0.91 (+1.10%)
At Close: Mar 28, 2024
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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S Physical Platinum ETF upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The S Physical Platinum ETF price gained 1.10% on the last trading day (Thursday, 28th Mar 2024), rising from $82.64 to $83.55. During the last trading day the ETF fluctuated 0.99% from a day low at $82.88 to a day high of $83.70. The price has fallen in 6 of the last 10 days and is down by -2.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $9.48 million.

The ETF lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.48% during the next 3 months and, with a 90% probability hold a price between $76.13 and $82.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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PPLT Signals & Forecast

The S Physical Platinum ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $83.12 and $82.95. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -3.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for S Physical Platinum ETF

S Physical Platinum finds support from accumulated volume at $83.49 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.82 (0.99%) between high and low. For the last week, the ETF has had daily average volatility of 1.13%.

Our recommended stop-loss: $79.69 (-4.62%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (PPLT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect ETFS Physical Platinum to open at $83.38, and during the day (based on 14 day Average True Range), to move between $82.03 and $85.07, which gives a possible trading interval of +/-$1.52 (+/-1.82%) up or down from last closing price. If ETFS Physical Platinum takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $83.59 (0.05%) than the support at $83.49 (0.07%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ETFS Physical Platinum ETF A Buy?

S Physical Platinum holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.070 Hold/Accumulate Upgraded

Predicted Opening Price for ETFS Physical Platinum of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$83.38 ( 0.207%) $83.55

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PPLT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 84.20 0.772 %
R2 83.88 0.398 %
R1 83.69 0.167 %
Current price: 83.55
Support S1 83.06 -0.581 %
S2 82.87 -0.81 %
S3 82.56 -1.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 86.26 3.24 %
R2 84.24 0.83 %
R1 83.59 0.0479 %
Current price 83.55
Support S1 83.49 -0.0718%
S2 83.34 -0.251%
S3 81.51 -2.44%

FAQ

What is the symbol for ETFS Physical Platinum ETF and on which exchange is it traded?
The symbol for ETFS Physical Platinum is PPLT and it is traded on the NYSEARCA (NYSE Arca).

Should I buy or sell ETFS Physical Platinum ETF?
S Physical Platinum holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy ETFS Physical Platinum ETF?
ETFS Physical Platinum ETF can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy ETFS Physical Platinum ETF.

What's the current price of ETFS Physical Platinum ETF?
As of the end of day on the 2024-03-28, the price of an ETFS Physical Platinum (PPLT) share was $83.55.

What is the 52-week high and low for ETFS Physical Platinum ETF?
The 52-week high for ETFS Physical Platinum ETF is $104.67 and the 52-week low is $77.68.

What is the market capitalization of ETFS Physical Platinum ETF?
As of the 2024-03-28, the market capitalization of ETFS Physical Platinum is 914.36M.
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About ETFS Physical Platinum

The fund designed for investors who want a cost-effective and convenient way to invest in platinum with minimal credit risk. Advantages of investing in the Shares include Ease and Flexibility of Investment, Expenses, Minimal Credit Risk.... PPLT Profile

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