MICRO E-MINI RUSSELL 2000 FULL0624 - 1H - Technical analysis published on 09/23/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Court terme:
Bearish
De fond:
Strongly bearish
Technical indicators
33%
33%
33%
My opinion
Bearish under 1,504.37 USD
My targets
1,477.80 USD (-0.55%)
1,455.36 USD (-2.06%)
My analysis
The bearish basic 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 sale could be considered as long as the price remains below 1,504.37 USD. Crossing the first support at 1,477.80 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1,455.36 USD as an objective. Crossing it would then enable sellers to target 1,355.27 USD. Caution, a return to above the resistance located at 1,504.37 USD would be a sign of a possible consolidation phase of 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.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.6
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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
The MICRO E-MINI RUSSELL 2000 FULL1220 price is 1,486.00 USD. On the day, this instrument lost -0.19% and was between 1,480.80 USD and 1,500.20 USD. This implies that the price is at +0.35% from its lowest and at -0.95% from its highest.1,480.80
1,500.20
1,486.00
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRO E-MINI RUSSELL 2000 FULL1220 chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 6 are neutral and 6 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,355.27 | 1,455.36 | 1,477.80 | 1,486.00 | 1,489.50 | 1,504.37 | 1,517.98 |
| Change (%) | -8.80% | -2.06% | -0.55% | - | +0.24% | +1.24% | +2.15% |
| Change | -130.73 | -30.64 | -8.20 | - | +3.50 | +18.37 | +31.98 |
| Level | Intermediate | Major | Intermediate | - | Minor | 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 | 1,478.47 | 1,481.83 | 1,485.37 | 1,488.73 | 1,492.27 | 1,495.63 | 1,499.17 |
| Camarilla | 1,487.00 | 1,487.64 | 1,488.27 | 1,488.90 | 1,489.53 | 1,490.17 | 1,490.80 |
| Woodie | 1,478.55 | 1,481.88 | 1,485.45 | 1,488.78 | 1,492.35 | 1,495.68 | 1,499.25 |
| Fibonacci | 1,481.83 | 1,484.47 | 1,486.10 | 1,488.73 | 1,491.37 | 1,493.00 | 1,495.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,415.30 | 1,453.00 | 1,494.30 | 1,532.00 | 1,573.30 | 1,611.00 | 1,652.30 |
| Camarilla | 1,513.88 | 1,521.12 | 1,528.36 | 1,535.60 | 1,542.84 | 1,550.08 | 1,557.33 |
| Woodie | 1,417.10 | 1,453.90 | 1,496.10 | 1,532.90 | 1,575.10 | 1,611.90 | 1,654.10 |
| Fibonacci | 1,453.00 | 1,483.18 | 1,501.82 | 1,532.00 | 1,562.18 | 1,580.82 | 1,611.00 |
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 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): | 45.49 | |
| MACD (12,26,9): | 1.4200 | |
| Directional Movement: | -1.72 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 1,491.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,500.20 | |
| Elder Ray (13): | -2.69 | |
| Super Trend (3,10): | 1,498.12 | |
| Zig ZAG (10): | 1,488.10 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 40.79 | |
| TEMA (21): | 1,495.07 | |
| Williams %R (14): | -75.76 | |
| Chande Momentum Oscillator (20): | 0.50 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.61 |
| MA7: | 1,501.33 | |
| MA20: | 1,525.70 | |
| MA50: | 1,531.03 | |
| MA100: | 1,466.24 | |
| MAexp7: | 1,491.48 | |
| MAexp20: | 1,490.16 | |
| MAexp50: | 1,492.54 | |
| MAexp100: | 1,501.93 | |
| Price / MA7: | -1.02% | |
| Price / MA20: | -2.60% | |
| Price / MA50: | -2.94% | |
| Price / MA100: | +1.35% | |
| Price / MAexp7: | -0.37% | |
| Price / MAexp20: | -0.28% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -1.06% |
Quotes :
2020-09-23 14:44:42
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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.
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