RUSSELL 2000 - MINI RUSSELL 2000 FULL0325 - 1H - Technical analysis published on 09/09/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 1,855.39 USD
My targets
1,895.60 USD (+0.64%)
1,908.20 USD (+1.31%)
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 FULL1222 as long as the price remains well above 1,855.39 USD. The buyers' bullish objective is set at 1,895.60 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,908.20 USD. If there is any crossing, the next objective would be the resistance located at 1,928.93 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, 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
8.8
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Additional analysis
Quotes
The RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 rating is 1,883.50 USD. On the day, this instrument gained +1.70% with the lowest point at 1,851.00 USD and the highest point at 1,888.90 USD. The deviation from the price is +1.76% for the low point and -0.29% for the high point.1,851.00
1,888.90
1,883.50
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Technical analysis of this 1H chart of RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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 bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,810.80 | 1,843.60 | 1,855.39 | 1,883.50 | 1,885.50 | 1,895.60 | 1,908.20 |
| Change (%) | -3.86% | -2.12% | -1.49% | - | +0.11% | +0.64% | +1.31% |
| Change | -72.70 | -39.90 | -28.11 | - | +2.00 | +12.10 | +24.70 |
| Level | Minor | Intermediate | Minor | - | Minor | Minor | 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 | 1,779.33 | 1,795.07 | 1,826.53 | 1,842.27 | 1,873.73 | 1,889.47 | 1,920.93 |
| Camarilla | 1,845.02 | 1,849.35 | 1,853.67 | 1,858.00 | 1,862.33 | 1,866.65 | 1,870.98 |
| Woodie | 1,787.20 | 1,799.00 | 1,834.40 | 1,846.20 | 1,881.60 | 1,893.40 | 1,928.80 |
| Fibonacci | 1,795.07 | 1,813.10 | 1,824.24 | 1,842.27 | 1,860.30 | 1,871.44 | 1,889.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,673.13 | 1,738.67 | 1,777.13 | 1,842.67 | 1,881.13 | 1,946.67 | 1,985.13 |
| Camarilla | 1,787.00 | 1,796.53 | 1,806.07 | 1,815.60 | 1,825.13 | 1,834.67 | 1,844.20 |
| Woodie | 1,659.60 | 1,731.90 | 1,763.60 | 1,835.90 | 1,867.60 | 1,939.90 | 1,971.60 |
| Fibonacci | 1,738.67 | 1,778.40 | 1,802.94 | 1,842.67 | 1,882.40 | 1,906.94 | 1,946.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,508.27 | 1,656.23 | 1,743.37 | 1,891.33 | 1,978.47 | 2,126.43 | 2,213.57 |
| Camarilla | 1,765.85 | 1,787.40 | 1,808.95 | 1,830.50 | 1,852.05 | 1,873.60 | 1,895.15 |
| Woodie | 1,477.85 | 1,641.03 | 1,712.95 | 1,876.13 | 1,948.05 | 2,111.23 | 2,183.15 |
| Fibonacci | 1,656.23 | 1,746.04 | 1,801.53 | 1,891.33 | 1,981.14 | 2,036.63 | 2,126.43 |
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): | 70.28 | |
| MACD (12,26,9): | 10.1500 | |
| Directional Movement: | 23.28 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,878.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,865.70 | |
| Elder Ray (13): | 11.84 | |
| Super Trend (3,10): | 1,861.45 | |
| Zig ZAG (10): | 1,881.20 | |
| VORTEX (21): | 1.3400 | |
| Stochastique (14,3,5): | 88.80 | |
| TEMA (21): | 1,881.01 | |
| Williams %R (14): | -17.99 | |
| Chande Momentum Oscillator (20): | 23.40 | |
| Repulse (5,40,3): | 0.5900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 2.16 |
| MA7: | 1,835.54 | |
| MA20: | 1,907.36 | |
| MA50: | 1,865.58 | |
| MA100: | 1,837.09 | |
| MAexp7: | 1,875.72 | |
| MAexp20: | 1,864.68 | |
| MAexp50: | 1,848.74 | |
| MAexp100: | 1,841.25 | |
| Price / MA7: | +2.61% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | +0.96% | |
| Price / MA100: | +2.53% | |
| Price / MAexp7: | +0.41% | |
| Price / MAexp20: | +1.01% | |
| Price / MAexp50: | +1.88% | |
| Price / MAexp100: | +2.29% |
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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