MICRO E-MINI RUSSELL 2000 FULL0624 - 1H - Technical analysis published on 09/16/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
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
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
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 |
---|---|---|---|---|---|---|---|
Standard | 1,525.13 | 1,528.87 | 1,534.03 | 1,537.77 | 1,542.93 | 1,546.67 | 1,551.83 |
Camarilla | 1,536.75 | 1,537.57 | 1,538.38 | 1,539.20 | 1,540.02 | 1,540.83 | 1,541.65 |
Woodie | 1,525.85 | 1,529.23 | 1,534.75 | 1,538.13 | 1,543.65 | 1,547.03 | 1,552.55 |
Fibonacci | 1,528.87 | 1,532.27 | 1,534.37 | 1,537.77 | 1,541.17 | 1,543.27 | 1,546.67 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,384.93 | 1,431.37 | 1,460.33 | 1,506.77 | 1,535.73 | 1,582.17 | 1,611.13 |
Camarilla | 1,468.57 | 1,475.48 | 1,482.39 | 1,489.30 | 1,496.21 | 1,503.12 | 1,510.04 |
Woodie | 1,376.20 | 1,427.00 | 1,451.60 | 1,502.40 | 1,527.00 | 1,577.80 | 1,602.40 |
Fibonacci | 1,431.37 | 1,460.17 | 1,477.96 | 1,506.77 | 1,535.57 | 1,553.36 | 1,582.17 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1,357.43 | 1,412.57 | 1,495.53 | 1,550.67 | 1,633.63 | 1,688.77 | 1,771.73 |
Camarilla | 1,540.52 | 1,553.18 | 1,565.84 | 1,578.50 | 1,591.16 | 1,603.82 | 1,616.48 |
Woodie | 1,371.35 | 1,419.53 | 1,509.45 | 1,557.63 | 1,647.55 | 1,695.73 | 1,785.65 |
Fibonacci | 1,412.57 | 1,465.32 | 1,497.91 | 1,550.67 | 1,603.42 | 1,636.01 | 1,688.77 |
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
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15 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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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