RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 - Daily - Technical analysis published on 12/20/2021 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 2,183.90 USD
My targets
2,032.83 USD (-4.86%)
1,921.67 USD (-10.06%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 as long as the price remains well below 2,183.90 USD. The sellers' bearish objective is set at 2,032.83 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,921.67 USD. In case of crossing, the next objective would be the support located at 1,740.60 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 rating is 2,136.70 USD. On the day, this instrument lost -1.43% and was traded between 2,126.50 USD and 2,173.60 USD over the period. The price is currently at +0.48% from its lowest and -1.70% from its highest.2,126.50
2,173.60
2,136.70
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,455.65 | 1,740.60 | 2,130.61 | 2,136.70 | 2,183.90 | 2,249.44 | 2,302.00 |
| Change (%) | -31.87% | -18.54% | -0.29% | - | +2.21% | +5.28% | +7.74% |
| Change | -681.05 | -396.10 | -6.09 | - | +47.20 | +112.74 | +165.30 |
| Level | Intermediate | Major | Major | - | Intermediate | Intermediate | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 2,058.93 | 2,088.97 | 2,129.63 | 2,159.67 | 2,200.33 | 2,230.37 | 2,271.03 |
| Camarilla | 2,150.86 | 2,157.34 | 2,163.82 | 2,170.30 | 2,176.78 | 2,183.26 | 2,189.74 |
| Woodie | 2,064.25 | 2,091.63 | 2,134.95 | 2,162.33 | 2,205.65 | 2,233.03 | 2,276.35 |
| Fibonacci | 2,088.97 | 2,115.97 | 2,132.66 | 2,159.67 | 2,186.67 | 2,203.36 | 2,230.37 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2,011.87 | 2,065.43 | 2,117.87 | 2,171.43 | 2,223.87 | 2,277.43 | 2,329.87 |
| Camarilla | 2,141.15 | 2,150.87 | 2,160.58 | 2,170.30 | 2,180.02 | 2,189.73 | 2,199.45 |
| Woodie | 2,011.30 | 2,065.15 | 2,117.30 | 2,171.15 | 2,223.30 | 2,277.15 | 2,329.30 |
| Fibonacci | 2,065.43 | 2,105.93 | 2,130.94 | 2,171.43 | 2,211.93 | 2,236.94 | 2,277.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,708.83 | 1,921.67 | 2,032.83 | 2,245.67 | 2,356.83 | 2,569.67 | 2,680.83 |
| Camarilla | 2,054.90 | 2,084.60 | 2,114.30 | 2,144.00 | 2,173.70 | 2,203.40 | 2,233.10 |
| Woodie | 1,658.00 | 1,896.25 | 1,982.00 | 2,220.25 | 2,306.00 | 2,544.25 | 2,630.00 |
| Fibonacci | 1,921.67 | 2,045.44 | 2,121.90 | 2,245.67 | 2,369.44 | 2,445.90 | 2,569.67 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 37.75 | |
| MACD (12,26,9): | -40.6300 | |
| Directional Movement: | -14.51 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 2,165.04 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,254.75 | |
| Elder Ray (13): | -42.62 | |
| Super Trend (3,10): | 2,333.92 | |
| Zig ZAG (10): | 2,135.10 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 19.04 | |
| TEMA (21): | 2,136.80 | |
| Williams %R (14): | -89.16 | |
| Chande Momentum Oscillator (20): | -66.80 | |
| Repulse (5,40,3): | -2.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 6.47 |
| MA7: | 2,170.21 | |
| MA20: | 2,214.64 | |
| MA50: | 2,286.52 | |
| MA100: | 2,255.49 | |
| MAexp7: | 2,170.06 | |
| MAexp20: | 2,215.18 | |
| MAexp50: | 2,253.69 | |
| MAexp100: | 2,255.66 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | -3.52% | |
| Price / MA50: | -6.55% | |
| Price / MA100: | -5.27% | |
| Price / MAexp7: | -1.54% | |
| Price / MAexp20: | -3.54% | |
| Price / MAexp50: | -5.19% | |
| Price / MAexp100: | -5.27% |
Quotes :
-
10 min delayed data
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CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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