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 - 1H - Technical analysis published on 01/11/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
83%
6%
11%
My opinion
Bullish above 2,161.30 USD
My targets
2,231.08 USD (+2.32%)
2,249.44 USD (+3.17%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 as long as the price remains well above 2,161.30 USD. The buyers' bullish objective is set at 2,231.08 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2,249.44 USD. If there is any crossing, the next objective would be the resistance located at 2,271.92 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 2,231.08 USD. On this resistance, against the trend traders who would like to go short on RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 with a bearish signal from their trading strategy, should not hesitate to act.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.9

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.

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

Additional analysis

Quotes

RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 rating 2,180.40 USD. The price registered an increase of +0.57% on the session and was traded between 2,144.50 USD and 2,181.60 USD over the period. The price is currently at +1.67% from its lowest and -0.06% from its highest.

2,144.50
2,181.60
2,180.40

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour



In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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 1,740.60 2,130.00 2,161.30 2,180.40 2,183.90 2,231.08 2,249.44
Change (%) -20.17% -2.31% -0.88% - +0.16% +2.32% +3.17%
Change -439.80 -50.40 -19.10 - +3.50 +50.68 +69.04
Level Major Major Minor - Intermediate Minor 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
Standard2,076.372,101.132,134.572,159.332,192.772,217.532,250.97
Camarilla2,152.002,157.332,162.672,168.002,173.342,178.672,184.01
Woodie2,080.702,103.302,138.902,161.502,197.102,219.702,255.30
Fibonacci2,101.132,123.372,137.102,159.332,181.572,195.302,217.53


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,021.132,097.172,136.532,212.572,251.932,327.972,367.33
Camarilla2,144.172,154.742,165.322,175.902,186.482,197.062,207.64
Woodie2,002.802,088.002,118.202,203.402,233.602,318.802,349.00
Fibonacci2,097.172,141.252,168.482,212.572,256.652,283.882,327.97


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,962.232,032.272,137.532,207.572,312.832,382.872,488.13
Camarilla2,194.592,210.662,226.732,242.802,258.872,274.942,291.01
Woodie1,979.852,041.082,155.152,216.382,330.452,391.682,505.75
Fibonacci2,032.272,099.232,140.602,207.572,274.532,315.902,382.87

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): 56.77
MACD (12,26,9): 0.6300
Directional Movement: -7.89
AROON (14): 21.43
DEMA (21): 2,168.35
Parabolic SAR (0,02-0,02-0,2): 2,145.22
Elder Ray (13): 10.36
Super Trend (3,10): 2,143.66
Zig ZAG (10): 2,179.30
VORTEX (21): 1.1500
Stochastique (14,3,5): 72.12
TEMA (21): 2,172.68
Williams %R (14): -5.93
Chande Momentum Oscillator (20): 14.00
Repulse (5,40,3): 0.7000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.41
MA7: 2,207.60
MA20: 2,207.71
MA50: 2,269.98
MA100: 2,259.12
MAexp7: 2,170.73
MAexp20: 2,168.53
MAexp50: 2,174.32
MAexp100: 2,190.20
Price / MA7: -1.23%
Price / MA20: -1.24%
Price / MA50: -3.95%
Price / MA100: -3.48%
Price / MAexp7: +0.45%
Price / MAexp20: +0.55%
Price / MAexp50: +0.28%
Price / MAexp100: -0.45%

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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