Stock Information for PALLADIUM - 1d

#PALLADIUM #1d #Commodities───────────

Ensemble model

• Overview: The synthetic investment attractiveness indicator equals -29 (out of +/-100). The model ensemble suggests the market will tend to be bearish in the nearest future.

Optimal past

• Optimal past: The optimal lookback period for modelling is currently 313 candles. The market is currently bearish, depreciating by 44.6% during the latest phase.

Elliot Waves

• Elliot Waves: The market's trend has changed and currently goes up.

• Elliot Waves Settings: Elliot Waves were updated. The current wavelength is 55.

Price Bound Modelling

• HAR model at confidence level 95.0%: the HAR model forecasts volatility of 2.7575% in the next candle, the price will fluctuate around 986.66 and with 95.0% probability will not go below 941.85 or above 1031.46.

• BRW VaR at confidence level 95.0%: in the next candle, the price will fluctuate around 985.65 and with 95.0% probability will not go below 956.88 or above 1017.42.

• Historical simulation at confidence level 95.0%: in the next candle, the price will fluctuate around 985.93 and with 95.0% probability will not go below 956.9 or above 1018.24.

• Multifractal range at confidence level 95.0%: in the next 256 candles, the price will fluctuate around 954.01 and with 95.0% probability will not go below 579.74 or above 1549.16.

• Fibonacci with seven retracements: the price is likely to rebound upward from the nearest Fibonacci support of 847.14 at the level of 0.0%. The nearest Fibonacci resistance is 1457.79 at the level of 23.6%.

• Fibonacci with five retracements: the price is likely to rebound upward from the nearest Fibonacci support of 847.14 at the level of 0.0%. The nearest Fibonacci resistance is 1835.19 at the level of 38.2%.

• Fibonacci with four retracements: the price is likely to rebound upward from the nearest Fibonacci support of 847.14 at the level of 0.0%. The nearest Fibonacci resistance is 1835.19 at the level of 38.2%.

• MVaR bounds at confidence level 95.0%: in the next candle, the price will fluctuate around 983.75 and with 95.0% probability will not go below 957.08 or above 1026.15.

Forecast

• MA model at confidence level 95.0%: the MA model forecasts a return of -0.5877% in the next candle, the price will fluctuate around 981.99 and with 95.0% probability will not go below 932.49 or above 1031.5.

• AR model at confidence level 95.0%: the AR model forecasts a return of -0.5877% in the next candle, the price will fluctuate around 981.99 and with 95.0% probability will not go below 946.99 or above 1017.0.

Stability Indicators

• Generalised extreme value: According to the indicator, the market is stable

• Power law: According to the indicator, the stability of the market is uncertain

• Student degrees of freedom: According to the indicator, the market is stable

• Tukey lambda: According to the indicator, the market is stable

Seasonality test

• Seasonality test: According to the generalised seasonality test, there are no seasonal effects on the market.

Distribution analysis

• Best-fit distribution: Best-fit distribution has changed, and now it is Student's T

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Not investment advice.

#PALLADIUM #1d #trading #Distribution analysis