PLTM GraniteShares Platinum Trust Forecast, Technical & Fundamental Analysis
PLTM's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for PLTM turned positive on January 03, 2025. Looking at past instances where PLTM's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on PLTM as a result. In of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
PLTM moved above its 50-day moving average on January 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLTM advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .
PLTM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The 50-day moving average for PLTM moved below the 200-day moving average on December 23, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLTM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PLTM entered a downward trend on January 07, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
General Information
Category CommoditiesBroadBasket
| 1 Day | |||
|---|---|---|---|
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PLTM and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, PLTM has been loosely correlated with BCIM. These tickers have moved in lockstep 55% of the time. This A.I.-generated data suggests there is some statistical probability that if PLTM jumps, then BCIM could also see price increases.
| Ticker / NAME | Correlation To PLTM | 1D Price Change % | ||
|---|---|---|---|---|
| PLTM | 100% | +0.66% | ||
| BCIM - PLTM | 55% Loosely correlated | +0.28% | ||
| SLV - PLTM | 55% Loosely correlated | -1.53% | ||
| IAUM - PLTM | 49% Loosely correlated | -0.44% | ||
| SLVO - PLTM | 47% Loosely correlated | -0.91% | ||
| SGOL - PLTM | 44% Loosely correlated | -0.58% | ||
More | ||||