RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 - 15 min. - Technical analysis published on 11/09/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 1,813.93 USD
My targets
1,790.17 USD (-0.60%)
1,767.13 USD (-1.88%)
My analysis
The bearish trend is currently very strong for RUSSELL 2000 - MINI RUSSELL 2000 FULL1222. As long as the price remains below the resistance at 1,813.93 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,790.17 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,767.13 USD as an objective. Crossing it would then enable sellers to target 1,743.37 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.1
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This analysis was given by didi059. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 rating is 1,801.00 USD. The price registered a decrease of -0.67% on the session with the lowest point at 1,797.80 USD and the highest point at 1,818.60 USD. The deviation from the price is +0.18% for the low point and -0.97% for the high point.1,797.80
1,818.60
1,801.00
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
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 RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 in 15 min. shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 15 minutes
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,758.30 | 1,779.77 | 1,794.67 | 1,801.00 | 1,807.05 | 1,823.92 | 1,837.70 |
| Change (%) | -2.37% | -1.18% | -0.35% | - | +0.34% | +1.27% | +2.04% |
| Change | -42.70 | -21.23 | -6.33 | - | +6.05 | +22.92 | +36.70 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 |
|---|---|---|---|---|---|---|---|
| Standard | 1,743.37 | 1,767.13 | 1,790.17 | 1,813.93 | 1,836.97 | 1,860.73 | 1,883.77 |
| Camarilla | 1,800.33 | 1,804.62 | 1,808.91 | 1,813.20 | 1,817.49 | 1,821.78 | 1,826.07 |
| Woodie | 1,743.00 | 1,766.95 | 1,789.80 | 1,813.75 | 1,836.60 | 1,860.55 | 1,883.40 |
| Fibonacci | 1,767.13 | 1,785.01 | 1,796.06 | 1,813.93 | 1,831.81 | 1,842.86 | 1,860.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,631.77 | 1,695.03 | 1,749.87 | 1,813.13 | 1,867.97 | 1,931.23 | 1,986.07 |
| Camarilla | 1,772.22 | 1,783.05 | 1,793.87 | 1,804.70 | 1,815.53 | 1,826.35 | 1,837.18 |
| Woodie | 1,627.55 | 1,692.93 | 1,745.65 | 1,811.03 | 1,863.75 | 1,929.13 | 1,981.85 |
| Fibonacci | 1,695.03 | 1,740.15 | 1,768.02 | 1,813.13 | 1,858.25 | 1,886.12 | 1,931.23 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,475.53 | 1,559.67 | 1,708.13 | 1,792.27 | 1,940.73 | 2,024.87 | 2,173.33 |
| Camarilla | 1,792.64 | 1,813.96 | 1,835.28 | 1,856.60 | 1,877.92 | 1,899.24 | 1,920.57 |
| Woodie | 1,507.70 | 1,575.75 | 1,740.30 | 1,808.35 | 1,972.90 | 2,040.95 | 2,205.50 |
| Fibonacci | 1,559.67 | 1,648.52 | 1,703.41 | 1,792.27 | 1,881.12 | 1,936.01 | 2,024.87 |
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): | 42.29 | |
| MACD (12,26,9): | -1.5500 | |
| Directional Movement: | -8.37 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 1,803.72 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,810.40 | |
| Elder Ray (13): | -2.55 | |
| Super Trend (3,10): | 1,811.64 | |
| Zig ZAG (10): | 1,799.70 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 23.41 | |
| TEMA (21): | 1,803.11 | |
| Williams %R (14): | -85.16 | |
| Chande Momentum Oscillator (20): | -6.90 | |
| Repulse (5,40,3): | -0.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.28 |
| MA7: | 1,809.57 | |
| MA20: | 1,782.97 | |
| MA50: | 1,775.16 | |
| MA100: | 1,813.73 | |
| MAexp7: | 1,802.99 | |
| MAexp20: | 1,806.30 | |
| MAexp50: | 1,808.75 | |
| MAexp100: | 1,810.70 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | +1.01% | |
| Price / MA50: | +1.46% | |
| Price / MA100: | -0.70% | |
| Price / MAexp7: | -0.11% | |
| Price / MAexp20: | -0.29% | |
| Price / MAexp50: | -0.43% | |
| Price / MAexp100: | -0.54% |
Quotes :
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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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