RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 - Weekly - Technical analysis published on 03/01/2022 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
28%
56%
17%
My opinion
Bearish under 2,130.00 USD
My targets
1,928.30 USD (-4.10%)
1,740.60 USD (-13.44%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 as long as the price remains well below 2,130.00 USD. The sellers' bearish objective is set at 1,928.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1,740.60 USD. If there is any crossing, the next objective would be the support located at 1,455.65 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
2.7
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This analysis was given by savas. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 rating 2,010.80 USD. The price registered an increase of +1.60% over 5 days with the lowest point at 1,966.00 USD and the highest point at 2,059.20 USD. The deviation from the price is +2.28% for the low point and -2.35% for the high point.1,966.00
2,059.20
2,010.80
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Weekly chart of RUSSELL 2000 - MINI RUSSELL 2000 FULL0322 indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bearish harami
Type : Bearish
Timeframe : Weekly
Doji
Type : Neutral
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1,455.65 | 1,740.60 | 1,928.30 | 2,010.80 | 2,130.00 | 2,355.80 |
| Change (%) | -27.61% | -13.44% | -4.10% | - | +5.93% | +17.16% |
| Change | -555.15 | -270.20 | -82.50 | - | +119.20 | +345.00 |
| Level | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,903.57 | 1,937.63 | 1,991.07 | 2,025.13 | 2,078.57 | 2,112.63 | 2,166.07 |
| Camarilla | 2,020.44 | 2,028.46 | 2,036.48 | 2,044.50 | 2,052.52 | 2,060.54 | 2,068.56 |
| Woodie | 1,913.25 | 1,942.48 | 2,000.75 | 2,029.98 | 2,088.25 | 2,117.48 | 2,175.75 |
| Fibonacci | 1,937.63 | 1,971.06 | 1,991.71 | 2,025.13 | 2,058.56 | 2,079.21 | 2,112.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,777.03 | 1,830.07 | 1,934.53 | 1,987.57 | 2,092.03 | 2,145.07 | 2,249.53 |
| Camarilla | 1,995.69 | 2,010.13 | 2,024.56 | 2,039.00 | 2,053.44 | 2,067.88 | 2,082.31 |
| Woodie | 1,802.75 | 1,842.93 | 1,960.25 | 2,000.43 | 2,117.75 | 2,157.93 | 2,275.25 |
| Fibonacci | 1,830.07 | 1,890.23 | 1,927.40 | 1,987.57 | 2,047.73 | 2,084.90 | 2,145.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,466.47 | 1,679.43 | 1,862.67 | 2,075.63 | 2,258.87 | 2,471.83 | 2,655.07 |
| Camarilla | 1,936.95 | 1,973.26 | 2,009.58 | 2,045.90 | 2,082.22 | 2,118.54 | 2,154.86 |
| Woodie | 1,451.60 | 1,672.00 | 1,847.80 | 2,068.20 | 2,244.00 | 2,464.40 | 2,640.20 |
| Fibonacci | 1,679.43 | 1,830.78 | 1,924.29 | 2,075.63 | 2,226.98 | 2,320.49 | 2,471.83 |
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): | 39.14 | |
| MACD (12,26,9): | -61.1400 | |
| Directional Movement: | -18.72 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 2,051.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 2,095.41 | |
| Elder Ray (13): | -64.46 | |
| Super Trend (3,10): | 2,321.41 | |
| Zig ZAG (10): | 2,008.40 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 28.30 | |
| TEMA (21): | 1,982.84 | |
| Williams %R (14): | -68.58 | |
| Chande Momentum Oscillator (20): | -198.80 | |
| Repulse (5,40,3): | 1.0800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2700 | |
| Courbe Coppock: | 22.30 |
| MA7: | 1,997.96 | |
| MA20: | 2,019.81 | |
| MA50: | 2,090.65 | |
| MA100: | 2,188.59 | |
| MAexp7: | 2,038.15 | |
| MAexp20: | 2,119.50 | |
| MAexp50: | 2,126.56 | |
| MAexp100: | 2,003.12 | |
| Price / MA7: | +0.64% | |
| Price / MA20: | -0.45% | |
| Price / MA50: | -3.82% | |
| Price / MA100: | -8.12% | |
| Price / MAexp7: | -1.34% | |
| Price / MAexp20: | -5.13% | |
| Price / MAexp50: | -5.44% | |
| Price / MAexp100: | +0.38% |
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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