ISHARES RUSSELL 2000 ETF - Daily - Technical analysis published on 12/14/2024 (GMT)
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- Timeframe : Daily
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- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above
My targets
()
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at remains possible. It is advisable to trade ISHARES RUSSELL 2000 ETF with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above . The next bullish objective for buyers is set at . A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.8
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This analysis was given by LJ93612. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
ISHARES RUSSELL 2000 ETF rating 233.07 USD. On the day, this instrument lost -0.69% and was between 231.88 USD and 234.86 USD. This implies that the price is at +0.51% from its lowest and at -0.76% from its highest.231.88
234.86
233.07
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 (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this ISHARES RUSSELL 2000 ETF chart shows a bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Daily
An assessment of technical indicators shows a bearish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 198.12 | 208.99 | 224.00 | 233.07 | 234.72 | 242.17 |
| Change (%) | -15.00% | -10.33% | -3.89% | - | +0.71% | +3.90% |
| Change | -34.95 | -24.08 | -9.07 | - | +1.65 | +9.10 |
| Level | Minor | Major | Major | - | Intermediate | Major |
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 | 228.70 | 230.29 | 231.68 | 233.27 | 234.66 | 236.25 | 237.64 |
| Camarilla | 232.25 | 232.52 | 232.80 | 233.07 | 233.34 | 233.62 | 233.89 |
| Woodie | 228.60 | 230.24 | 231.58 | 233.22 | 234.56 | 236.20 | 237.54 |
| Fibonacci | 230.29 | 231.43 | 232.13 | 233.27 | 234.41 | 235.11 | 236.25 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 220.01 | 225.94 | 229.51 | 235.44 | 239.01 | 244.94 | 248.51 |
| Camarilla | 230.46 | 231.33 | 232.20 | 233.07 | 233.94 | 234.81 | 235.68 |
| Woodie | 218.82 | 225.35 | 228.32 | 234.85 | 237.82 | 244.35 | 247.32 |
| Fibonacci | 225.94 | 229.57 | 231.81 | 235.44 | 239.07 | 241.31 | 244.94 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 197.77 | 207.80 | 224.91 | 234.94 | 252.05 | 262.08 | 279.19 |
| Camarilla | 234.55 | 237.03 | 239.52 | 242.01 | 244.50 | 246.99 | 249.47 |
| Woodie | 201.30 | 209.57 | 228.44 | 236.71 | 255.58 | 263.85 | 282.72 |
| Fibonacci | 207.80 | 218.17 | 224.58 | 234.94 | 245.31 | 251.72 | 262.08 |
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): | 46.27 | |
| MACD (12,26,9): | 1.7500 | |
| Directional Movement: | -3.43 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 239.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 230.69 | |
| Elder Ray (13): | -3.46 | |
| Super Trend (3,10): | 230.40 | |
| Zig ZAG (10): | 233.07 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 20.07 | |
| TEMA (21): | 237.68 | |
| Williams %R (14): | -90.92 | |
| Chande Momentum Oscillator (20): | -7.55 | |
| Repulse (5,40,3): | -2.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.2000 | |
| Courbe Coppock: | 1.41 |
| MA7: | 236.71 | |
| MA20: | 236.89 | |
| MA50: | 229.57 | |
| MA100: | 221.97 | |
| MAexp7: | 236.29 | |
| MAexp20: | 236.11 | |
| MAexp50: | 230.76 | |
| MAexp100: | 223.90 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | -1.61% | |
| Price / MA50: | +1.52% | |
| Price / MA100: | +5.00% | |
| Price / MAexp7: | -1.36% | |
| Price / MAexp20: | -1.29% | |
| Price / MAexp50: | +1.00% | |
| Price / MAexp100: | +4.10% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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