RUSSELL 2000 - MINI RUSSELL 2000 FULL0325 - Daily - Technical analysis published on 09/12/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
61%
22%
17%
My opinion
Bullish above 1,843.60 USD
My targets
2,029.21 USD (+5.95%)
2,133.76 USD (+11.41%)
My analysis
A bullish trend on RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 both in substance and in the short term. A purchase could be considered as long as the price remains above 1,843.60 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 2,029.21 USD. Then the price could move towards 2,133.76 USD. Then 2,270.15 USD by extension. Be careful, a return below 1,843.60 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.8
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This analysis was given by pasroc. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 rating 1,915.30 USD. The price has increased by +1.35% since the last closing and was traded between 1,885.80 USD and 1,915.30 USD over the period. The price is currently at +1.56% from its lowest and 0% from its highest.1,885.80
1,915.30
1,915.30
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RUSSELL 2000 - MINI RUSSELL 2000 FULL1222:
Technical
Technical analysis of RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
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.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,658.20 | 1,740.29 | 1,843.60 | 1,915.30 | 1,928.93 | 2,029.21 | 2,133.76 |
| Change (%) | -13.42% | -9.14% | -3.74% | - | +0.71% | +5.95% | +11.41% |
| Change | -257.10 | -175.01 | -71.70 | - | +13.63 | +113.91 | +218.46 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,822.33 | 1,836.67 | 1,863.23 | 1,877.57 | 1,904.13 | 1,918.47 | 1,945.03 |
| Camarilla | 1,878.55 | 1,882.30 | 1,886.05 | 1,889.80 | 1,893.55 | 1,897.30 | 1,901.05 |
| Woodie | 1,828.45 | 1,839.73 | 1,869.35 | 1,880.63 | 1,910.25 | 1,921.53 | 1,951.15 |
| Fibonacci | 1,836.67 | 1,852.29 | 1,861.94 | 1,877.57 | 1,893.19 | 1,902.84 | 1,918.47 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,712.33 | 1,748.67 | 1,819.23 | 1,855.57 | 1,926.13 | 1,962.47 | 2,033.03 |
| Camarilla | 1,860.40 | 1,870.20 | 1,880.00 | 1,889.80 | 1,899.60 | 1,909.40 | 1,919.20 |
| Woodie | 1,729.45 | 1,757.23 | 1,836.35 | 1,864.13 | 1,943.25 | 1,971.03 | 2,050.15 |
| Fibonacci | 1,748.67 | 1,789.50 | 1,814.73 | 1,855.57 | 1,896.40 | 1,921.63 | 1,962.47 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 54.86 | |
| MACD (12,26,9): | -10.6700 | |
| Directional Movement: | -1.91 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 1,873.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,787.14 | |
| Elder Ray (13): | 25.86 | |
| Super Trend (3,10): | 1,939.30 | |
| Zig ZAG (10): | 1,914.10 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 51.47 | |
| TEMA (21): | 1,847.76 | |
| Williams %R (14): | -33.69 | |
| Chande Momentum Oscillator (20): | -56.80 | |
| Repulse (5,40,3): | 4.6900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 10.76 |
| MA7: | 1,847.83 | |
| MA20: | 1,901.77 | |
| MA50: | 1,869.42 | |
| MA100: | 1,836.71 | |
| MAexp7: | 1,869.75 | |
| MAexp20: | 1,882.22 | |
| MAexp50: | 1,876.16 | |
| MAexp100: | 1,888.23 | |
| Price / MA7: | +3.65% | |
| Price / MA20: | +0.71% | |
| Price / MA50: | +2.45% | |
| Price / MA100: | +4.28% | |
| Price / MAexp7: | +2.44% | |
| Price / MAexp20: | +1.76% | |
| Price / MAexp50: | +2.09% | |
| Price / MAexp100: | +1.43% |
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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