RUSSELL 2000 - MINI RUSSELL 2000 FULL0625 - 1H - Technical analysis published on 11/10/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
39%
22%
My opinion
Bearish under 1,779.77 USD
My targets
1,758.44 USD (-0.44%)
1,740.29 USD (-1.47%)
My analysis
RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1,779.77 USD. The next support located at 1,758.44 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1,740.29 USD. Below this support, sellers could then target 1,660.35 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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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 price is 1,766.30 USD. The price registered an increase of +0.16% on the session with the lowest point at 1,763.60 USD and the highest point at 1,771.60 USD. The deviation from the price is +0.15% for the low point and -0.30% for the high point.1,763.60
1,771.60
1,766.30
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.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of RUSSELL 2000 - MINI RUSSELL 2000 FULL1222 in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 7 are bullish, 4 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,660.35 | 1,740.29 | 1,758.44 | 1,766.30 | 1,779.77 | 1,790.90 | 1,837.70 |
| Change (%) | -6.00% | -1.47% | -0.44% | - | +0.76% | +1.39% | +4.04% |
| Change | -105.95 | -26.01 | -7.86 | - | +13.47 | +24.60 | +71.40 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 1,682.47 | 1,720.73 | 1,742.07 | 1,780.33 | 1,801.67 | 1,839.93 | 1,861.27 |
| Camarilla | 1,747.01 | 1,752.47 | 1,757.94 | 1,763.40 | 1,768.86 | 1,774.33 | 1,779.79 |
| Woodie | 1,674.00 | 1,716.50 | 1,733.60 | 1,776.10 | 1,793.20 | 1,835.70 | 1,852.80 |
| Fibonacci | 1,720.73 | 1,743.50 | 1,757.57 | 1,780.33 | 1,803.10 | 1,817.17 | 1,839.93 |
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): | 34.03 | |
| MACD (12,26,9): | -7.7300 | |
| Directional Movement: | -13.06 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 1,762.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,760.20 | |
| Elder Ray (13): | -2.27 | |
| Super Trend (3,10): | 1,784.91 | |
| Zig ZAG (10): | 1,765.80 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 59.13 | |
| TEMA (21): | 1,761.85 | |
| Williams %R (14): | -76.25 | |
| Chande Momentum Oscillator (20): | -1.60 | |
| Repulse (5,40,3): | -0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.55 |
| MA7: | 1,791.10 | |
| MA20: | 1,782.71 | |
| MA50: | 1,773.14 | |
| MA100: | 1,813.84 | |
| MAexp7: | 1,767.87 | |
| MAexp20: | 1,773.27 | |
| MAexp50: | 1,786.69 | |
| MAexp100: | 1,796.35 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | -0.92% | |
| Price / MA50: | -0.39% | |
| Price / MA100: | -2.62% | |
| Price / MAexp7: | -0.09% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -1.14% | |
| Price / MAexp100: | -1.67% |
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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