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RUSSELL 2000 - MINI RUSSELL 2000 FULL1224
RUSSELL 2000 - MINI RUSSELL 2000 FULL1224
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: RTYXXXX
ISIN: RTYXXXX

RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 - Daily - Technical analysis published on 12/13/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
67%
11%
My opinion
Bearish under 2,249.44 USD
My targets
2,130.61 USD (-1.82%)
1,923.97 USD (-11.34%)
My analysis
RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,249.44 USD. The next support located at 2,130.61 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,923.97 USD. Below this support, sellers could then target 1,740.60 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 rating is 2,170.00 USD. On the day, this instrument lost -1.78% with the lowest point at 2,163.30 USD and the highest point at 2,224.50 USD. The deviation from the price is +0.31% for the low point and -2.45% for the high point.

2,163.30
2,224.50
2,170.00

So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


A technical analysis in Daily of this RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 50

Type : Bearish

Timeframe : Daily



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,459.49 1,740.60 2,130.61 2,170.00 2,183.90 2,249.44 2,302.00
Change (%) -32.74% -19.79% -1.82% - +0.64% +3.66% +6.08%
Change -710.51 -429.40 -39.39 - +13.90 +79.44 +132.00
Level Intermediate Major Major - Intermediate Major Major



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,139.332,166.072,187.732,214.472,236.132,262.872,284.53
Camarilla2,196.092,200.532,204.962,209.402,213.842,218.272,222.71
Woodie2,136.802,164.802,185.202,213.202,233.602,261.602,282.00
Fibonacci2,166.072,184.562,195.982,214.472,232.962,244.382,262.87


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,016.072,082.932,146.172,213.032,276.272,343.132,406.37
Camarilla2,173.622,185.552,197.472,209.402,221.332,233.252,245.18
Woodie2,014.252,082.032,144.352,212.132,274.452,342.232,404.55
Fibonacci2,082.932,132.632,163.342,213.032,262.732,293.442,343.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,711.131,923.972,035.132,247.972,359.132,571.972,683.13
Camarilla2,057.202,086.902,116.602,146.302,176.002,205.702,235.40
Woodie1,660.301,898.551,984.302,222.552,308.302,546.552,632.30
Fibonacci1,923.972,047.742,124.202,247.972,371.742,448.202,571.97

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 37.79
MACD (12,26,9): -35.0000
Directional Movement: -17.89
AROON (14): -28.57
DEMA (21): 2,211.74
Parabolic SAR (0,02-0,02-0,2): 2,155.73
Elder Ray (13): -38.10
Super Trend (3,10): 2,354.68
Zig ZAG (10): 2,169.90
VORTEX (21): 0.8000
Stochastique (14,3,5): 28.32
TEMA (21): 2,178.22
Williams %R (14): -84.32
Chande Momentum Oscillator (20): -165.00
Repulse (5,40,3): -3.8600
ROCnROLL: 2
TRIX (15,9): -0.1800
Courbe Coppock: 11.41
MA7: 2,212.06
MA20: 2,266.55
MA50: 2,294.86
MA100: 2,261.67
MAexp7: 2,211.26
MAexp20: 2,252.50
MAexp50: 2,276.53
MAexp100: 2,269.07
Price / MA7: -1.90%
Price / MA20: -4.26%
Price / MA50: -5.44%
Price / MA100: -4.05%
Price / MAexp7: -1.87%
Price / MAexp20: -3.66%
Price / MAexp50: -4.68%
Price / MAexp100: -4.37%

Quotes : - 10 min delayed data - CME E-mini Futures

This member declared not having a position on this financial instrument or a related financial instrument.

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