RUSSELL 2000 - MINI RUSSELL 2000 FULL0625 - 1H - Technical analysis published on 05/05/2023 (GMT)
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- Timeframe : 1H
- - 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:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 1,750.59 USD
My targets
1,778.57 USD (+0.62%)
1,796.50 USD (+1.63%)
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 FULL0623 as long as the price remains well above 1,750.59 USD. The buyers' bullish objective is set at 1,778.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1,796.50 USD. If there is any crossing, the next objective would be the resistance located at 1,813.86 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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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 FULL0623 rating is 1,767.60 USD. The price registered an increase of +2.53% on the session with the lowest point at 1,723.40 USD and the highest point at 1,772.20 USD. The deviation from the price is +2.56% for the low point and -0.26% for the high point.1,723.40
1,772.20
1,767.60
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
A technical analysis in 1H of this RUSSELL 2000 - MINI RUSSELL 2000 FULL0623 chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. The overall trend is reinforced 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
RSI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
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 which studies Japanese candlesticks did not detect anything.
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 | 1,767.60 | 1,778.57 | 1,796.50 | 1,813.86 |
| Change (%) | -2.01% | -1.41% | -0.96% | - | +0.62% | +1.63% | +2.62% |
| Change | -35.47 | -25.00 | -17.01 | - | +10.97 | +28.90 | +46.26 |
| Level | Intermediate | Minor | Minor | - | Intermediate | Minor | Intermediate |
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 | 1,671.17 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 75.13 | |
| MACD (12,26,9): | 8.7700 | |
| Directional Movement: | 26.98 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 1,756.99 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,756.67 | |
| Elder Ray (13): | 14.81 | |
| Super Trend (3,10): | 1,744.76 | |
| Zig ZAG (10): | 1,766.90 | |
| VORTEX (21): | 1.3300 | |
| Stochastique (14,3,5): | 91.54 | |
| TEMA (21): | 1,765.57 | |
| Williams %R (14): | -9.03 | |
| Chande Momentum Oscillator (20): | 37.50 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0400 | |
| Courbe Coppock: | 3.44 |
| MA7: | 1,755.06 | |
| MA20: | 1,778.80 | |
| MA50: | 1,799.51 | |
| MA100: | 1,843.91 | |
| MAexp7: | 1,759.77 | |
| MAexp20: | 1,747.39 | |
| MAexp50: | 1,742.19 | |
| MAexp100: | 1,746.15 | |
| Price / MA7: | +0.71% | |
| Price / MA20: | -0.63% | |
| Price / MA50: | -1.77% | |
| Price / MA100: | -4.14% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | +1.16% | |
| Price / MAexp50: | +1.46% | |
| Price / MAexp100: | +1.23% |
Quotes :
-
10 min delayed data
-
CME E-mini Futures
This member declared not having a position on this financial instrument or a related financial instrument.
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