RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 - 15 min. - Technical analysis published on 05/05/2023 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 1,742.37 USD
My targets
1,777.97 USD (+0.58%)
1,796.50 USD (+1.63%)
My analysis
RUSSELL 2000 - MINI RUSSELL 2000 FULL0623 is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1,742.37 USD. The next resistance located at 1,777.97 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1,796.50 USD. After this resistance, buyers could then target 1,813.86 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.4
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Additional analysis
Quotes
The RUSSELL 2000 - MINI RUSSELL 2000 FULL0623 price is 1,767.70 USD. On the day, this instrument gained +2.54% and was traded between 1,723.40 USD and 1,772.20 USD over the period. The price is currently at +2.57% from its lowest and -0.25% from its highest.1,723.40
1,772.20
1,767.70
Here is a more detailed summary of the historical variations registered by RUSSELL 2000 - MINI RUSSELL 2000 FULL0623:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of RUSSELL 2000 - MINI RUSSELL 2000 FULL0623 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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 : 15 minutes
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 15 minutes
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 15 minutes
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 15 minutes
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 | 1,732.13 | 1,742.60 | 1,750.59 | 1,767.70 | 1,778.57 | 1,796.50 | 1,813.86 |
| Change (%) | -2.01% | -1.42% | -0.97% | - | +0.61% | +1.63% | +2.61% |
| Change | -35.57 | -25.10 | -17.11 | - | +10.87 | +28.80 | +46.16 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,671.17 | 1,689.53 | 1,706.77 | 1,725.13 | 1,742.37 | 1,760.73 | 1,777.97 |
| Camarilla | 1,714.21 | 1,717.47 | 1,720.74 | 1,724.00 | 1,727.26 | 1,730.53 | 1,733.79 |
| Woodie | 1,670.60 | 1,689.25 | 1,706.20 | 1,724.85 | 1,741.80 | 1,760.45 | 1,777.40 |
| Fibonacci | 1,689.53 | 1,703.13 | 1,711.53 | 1,725.13 | 1,738.73 | 1,747.13 | 1,760.73 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,656.43 | 1,694.07 | 1,734.43 | 1,772.07 | 1,812.43 | 1,850.07 | 1,890.43 |
| Camarilla | 1,753.35 | 1,760.50 | 1,767.65 | 1,774.80 | 1,781.95 | 1,789.10 | 1,796.25 |
| Woodie | 1,657.80 | 1,694.75 | 1,735.80 | 1,772.75 | 1,813.80 | 1,850.75 | 1,891.80 |
| Fibonacci | 1,694.07 | 1,723.86 | 1,742.27 | 1,772.07 | 1,801.86 | 1,820.27 | 1,850.07 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,633.90 | 1,682.80 | 1,729.60 | 1,778.50 | 1,825.30 | 1,874.20 | 1,921.00 |
| Camarilla | 1,750.08 | 1,758.86 | 1,767.63 | 1,776.40 | 1,785.17 | 1,793.95 | 1,802.72 |
| Woodie | 1,632.85 | 1,682.28 | 1,728.55 | 1,777.98 | 1,824.25 | 1,873.68 | 1,919.95 |
| Fibonacci | 1,682.80 | 1,719.36 | 1,741.94 | 1,778.50 | 1,815.06 | 1,837.64 | 1,874.20 |
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): | 68.57 | |
| MACD (12,26,9): | 5.1700 | |
| Directional Movement: | 17.07 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 1,767.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,757.45 | |
| Elder Ray (13): | 3.86 | |
| Super Trend (3,10): | 1,756.82 | |
| Zig ZAG (10): | 1,767.00 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 78.84 | |
| TEMA (21): | 1,768.03 | |
| Williams %R (14): | -23.81 | |
| Chande Momentum Oscillator (20): | 12.10 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 1.01 |
| MA7: | 1,755.06 | |
| MA20: | 1,778.80 | |
| MA50: | 1,799.51 | |
| MA100: | 1,843.91 | |
| MAexp7: | 1,766.16 | |
| MAexp20: | 1,760.38 | |
| MAexp50: | 1,751.29 | |
| MAexp100: | 1,743.88 | |
| Price / MA7: | +0.72% | |
| Price / MA20: | -0.62% | |
| Price / MA50: | -1.77% | |
| Price / MA100: | -4.13% | |
| Price / MAexp7: | +0.09% | |
| Price / MAexp20: | +0.42% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +1.37% |
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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