Londinia Opportunities Analyses - 05/05/2024 (GMT) RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 - 1H
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USD
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10 min delayed data - CME E-mini Futures
| Type: | Futures |
| Ticker: | RTYXXXX |
| ISIN: | RTYXXXX |
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
- FX/Indices
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 2,032.67 USD
My targets
2,077.10 USD (+1.17%)
2,113.20 USD (+2.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 as long as the price remains well above 2,032.67 USD. The buyers' bullish objective is set at 2,077.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,113.20 USD. If there is any crossing, the next objective would be the resistance located at 2,244.29 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.6
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Additional analysis
Quotes
RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 rating 2,053.00 USD. The price has increased by +0.35% since the last closing with the lowest point at 2,050.60 USD and the highest point at 2,054.50 USD. The deviation from the price is +0.12% for the low point and -0.07% for the high point.2,050.60
2,054.50
2,053.00
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RUSSELL 2000 - MINI RUSSELL 2000 FULL0624:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,996.35 | 2,019.33 | 2,032.67 | 2,053.00 | 2,077.10 | 2,113.20 | 2,244.29 |
| Change (%) | -2.76% | -1.64% | -0.99% | - | +1.17% | +2.93% | +9.32% |
| Change | -56.65 | -33.67 | -20.33 | - | +24.10 | +60.20 | +191.29 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,969.03 | 1,994.07 | 2,019.93 | 2,044.97 | 2,070.83 | 2,095.87 | 2,121.73 |
| Camarilla | 2,031.80 | 2,036.47 | 2,041.13 | 2,045.80 | 2,050.47 | 2,055.13 | 2,059.80 |
| Woodie | 1,969.45 | 1,994.28 | 2,020.35 | 2,045.18 | 2,071.25 | 2,096.08 | 2,122.15 |
| Fibonacci | 1,994.07 | 2,013.51 | 2,025.52 | 2,044.97 | 2,064.41 | 2,076.42 | 2,095.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,890.70 | 1,931.40 | 1,988.60 | 2,029.30 | 2,086.50 | 2,127.20 | 2,184.40 |
| Camarilla | 2,018.88 | 2,027.85 | 2,036.83 | 2,045.80 | 2,054.77 | 2,063.75 | 2,072.72 |
| Woodie | 1,898.95 | 1,935.53 | 1,996.85 | 2,033.43 | 2,094.75 | 2,131.33 | 2,192.65 |
| Fibonacci | 1,931.40 | 1,968.80 | 1,991.90 | 2,029.30 | 2,066.70 | 2,089.80 | 2,127.20 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,680.13 | 1,797.97 | 1,893.83 | 2,011.67 | 2,107.53 | 2,225.37 | 2,321.23 |
| Camarilla | 1,930.93 | 1,950.52 | 1,970.11 | 1,989.70 | 2,009.29 | 2,028.88 | 2,048.47 |
| Woodie | 1,669.15 | 1,792.48 | 1,882.85 | 2,006.18 | 2,096.55 | 2,219.88 | 2,310.25 |
| Fibonacci | 1,797.97 | 1,879.60 | 1,930.03 | 2,011.67 | 2,093.30 | 2,143.73 | 2,225.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 63.90 | |
| MACD (12,26,9): | 8.5000 | |
| Directional Movement: | 13.75 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 2,048.43 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,025.62 | |
| Elder Ray (13): | 6.09 | |
| Super Trend (3,10): | 2,032.44 | |
| Zig ZAG (10): | 2,048.50 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 59.29 | |
| TEMA (21): | 2,051.96 | |
| Williams %R (14): | -36.93 | |
| Chande Momentum Oscillator (20): | 26.90 | |
| Repulse (5,40,3): | 0.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 2.41 |
| MA7: | 2,020.19 | |
| MA20: | 2,012.76 | |
| MA50: | 2,058.99 | |
| MA100: | 2,041.65 | |
| MAexp7: | 2,047.23 | |
| MAexp20: | 2,037.26 | |
| MAexp50: | 2,024.35 | |
| MAexp100: | 2,015.16 | |
| Price / MA7: | +1.62% | |
| Price / MA20: | +2.00% | |
| Price / MA50: | -0.29% | |
| Price / MA100: | +0.56% | |
| Price / MAexp7: | +0.28% | |
| Price / MAexp20: | +0.77% | |
| Price / MAexp50: | +1.42% | |
| Price / MAexp100: | +1.88% |
Quotes :
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10 min delayed data
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Futures CME E-mini