MICRO E-MINI RUSSELL 2000 FULL1220
M2KXXXX
1,535.40 USD (-0.15%)
15 min delayed data - CME E-mini Futures
Open: 1,535.30
Change: -2.30
Volume: 95,986
Low: 1,511.60
High: 1,553.20
High / Low range: 41.60
Type: Futures
Ticker: M2KXXXX
ISIN: M2KXXXX

MICRO E-MINI RUSSELL 2000 FULL1220 - 1H - Technical analysis published on 09/16/2020

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  • Timeframe : 1H
  • - Analysis generated on 2020-09-16 07:41:16
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 1,519.42 USD
My targets
1,549.67 USD (+0.48%)
1,570.60 USD (+1.84%)
My analysis
The basic bullish trend is very strong on MICRO E-MINI RUSSELL 2000 FULL1220 but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1,519.42 USD. Crossing the first resistance at 1,549.67 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1,570.60 USD as an objective. Crossing it would then enable buyers to target 1,594.45 USD. Caution, a return to below 1,519.42 USD would be a sign of a consolidation phase in the short-term basic trend. 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.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1

Complete this analysis for another time unit:
15 min. Daily Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

MICRO E-MINI RUSSELL 2000 FULL1220 rating 1,542.20 USD. On the day, this instrument gained +0.39% and was traded between 1,532.60 USD and 1,542.70 USD over the period. The price is currently at +0.63% from its lowest and -0.03% from its highest.

1,532.60
1,542.70
1,542.20

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

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:

Technical


A technical analysis in 1H of this MICRO E-MINI RUSSELL 2000 FULL1220 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour



In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1,497.90 1,519.42 1,539.16 1,542.20 1,549.67 1,570.60 1,594.45
Change (%) -2.87% -1.48% -0.20% - +0.48% +1.84% +3.39%
Change -44.30 -22.78 -3.04 - +7.47 +28.40 +52.25
Level Minor Minor Major - Major Minor Minor



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
Standard1,525.131,528.871,534.031,537.771,542.931,546.671,551.83
Camarilla1,536.751,537.571,538.381,539.201,540.021,540.831,541.65
Woodie1,525.851,529.231,534.751,538.131,543.651,547.031,552.55
Fibonacci1,528.871,532.271,534.371,537.771,541.171,543.271,546.67


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,384.931,431.371,460.331,506.771,535.731,582.171,611.13
Camarilla1,468.571,475.481,482.391,489.301,496.211,503.121,510.04
Woodie1,376.201,427.001,451.601,502.401,527.001,577.801,602.40
Fibonacci1,431.371,460.171,477.961,506.771,535.571,553.361,582.17


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1,357.431,412.571,495.531,550.671,633.631,688.771,771.73
Camarilla1,540.521,553.181,565.841,578.501,591.161,603.821,616.48
Woodie1,371.351,419.531,509.451,557.631,647.551,695.731,785.65
Fibonacci1,412.571,465.321,497.911,550.671,603.421,636.011,688.77

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): 57.91
MACD (12,26,9): 1.7900
Directional Movement: 2.43
AROON (14): -7.15
DEMA (21): 1,541.17
Parabolic SAR (0,02-0,02-0,2): 1,531.41
Elder Ray (13): 1.69
Super Trend (3,10): 1,530.34
Zig ZAG (10): 1,541.60
VORTEX (21): 0.9900
Stochastique (14,3,5): 70.63
TEMA (21): 1,538.76
Williams %R (14): -23.08
Chande Momentum Oscillator (20): 5.20
Repulse (5,40,3): 0.1800
ROCnROLL: 1
TRIX (15,9): 0.0200
Courbe Coppock: 0.22
MA7: 1,525.67
MA20: 1,545.58
MA50: 1,526.67
MA100: 1,455.73
MAexp7: 1,539.40
MAexp20: 1,538.27
MAexp50: 1,532.51
MAexp100: 1,528.44
Price / MA7: +1.08%
Price / MA20: -0.22%
Price / MA50: +1.02%
Price / MA100: +5.94%
Price / MAexp7: +0.18%
Price / MAexp20: +0.26%
Price / MAexp50: +0.63%
Price / MAexp100: +0.90%

Quotes : 2020-09-16 07:30:31 - 15 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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