MICRO E-MINI RUSSELL 2000 FULL0624 - 1H - Technical analysis published on 07/15/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 1,733.32 USD
My targets
1,699.00 USD (-1.24%)
1,682.40 USD (-2.20%)
My analysis
In a bearish trend, the price of MICRO E-MINI RUSSELL 2000 FULL0922 tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 1,733.32 USD. A bearish break in the support located at 1,699.00 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 1,682.40 USD. Then 1,593.90 USD by extension. It would be safer to wait for a bearish break in the support located at 1,699.00 USD before allowing yourself to re trade short positions (for sale) on MICRO E-MINI RUSSELL 2000 FULL0922. PS: if there is a bullish break in the resistance located at 1,733.32 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
0.5
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This analysis was given by sven-pro-trader. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The MICRO E-MINI RUSSELL 2000 FULL0922 price is 1,720.30 USD. On the day, this instrument gained +0.64% and was traded between 1,702.60 USD and 1,736.50 USD over the period. The price is currently at +1.04% from its lowest and -0.93% from its highest.1,702.60
1,736.50
1,720.30
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this MICRO E-MINI RUSSELL 2000 FULL0922 chart shows a bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1,682.40 | 1,699.00 | 1,716.35 | 1,720.30 | 1,733.32 | 1,747.37 | 1,758.70 |
| Change (%) | -2.20% | -1.24% | -0.23% | - | +0.76% | +1.57% | +2.23% |
| Change | -37.90 | -21.30 | -3.95 | - | +13.02 | +27.07 | +38.40 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,640.40 | 1,661.40 | 1,685.40 | 1,706.40 | 1,730.40 | 1,751.40 | 1,775.40 |
| Camarilla | 1,697.03 | 1,701.15 | 1,705.28 | 1,709.40 | 1,713.53 | 1,717.65 | 1,721.78 |
| Woodie | 1,641.90 | 1,662.15 | 1,686.90 | 1,707.15 | 1,731.90 | 1,752.15 | 1,776.90 |
| Fibonacci | 1,661.40 | 1,678.59 | 1,689.21 | 1,706.40 | 1,723.59 | 1,734.21 | 1,751.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,601.43 | 1,640.67 | 1,705.03 | 1,744.27 | 1,808.63 | 1,847.87 | 1,912.23 |
| Camarilla | 1,740.91 | 1,750.41 | 1,759.90 | 1,769.40 | 1,778.90 | 1,788.39 | 1,797.89 |
| Woodie | 1,614.00 | 1,646.95 | 1,717.60 | 1,750.55 | 1,821.20 | 1,854.15 | 1,924.80 |
| Fibonacci | 1,640.67 | 1,680.24 | 1,704.69 | 1,744.27 | 1,783.84 | 1,808.29 | 1,847.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,327.53 | 1,484.17 | 1,606.33 | 1,762.97 | 1,885.13 | 2,041.77 | 2,163.93 |
| Camarilla | 1,651.83 | 1,677.39 | 1,702.94 | 1,728.50 | 1,754.06 | 1,779.61 | 1,805.17 |
| Woodie | 1,310.30 | 1,475.55 | 1,589.10 | 1,754.35 | 1,867.90 | 2,033.15 | 2,146.70 |
| Fibonacci | 1,484.17 | 1,590.67 | 1,656.47 | 1,762.97 | 1,869.47 | 1,935.27 | 2,041.77 |
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): | 46.78 | |
| MACD (12,26,9): | 0.4500 | |
| Directional Movement: | 11.37 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 1,712.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,704.40 | |
| Elder Ray (13): | 8.61 | |
| Super Trend (3,10): | 1,690.06 | |
| Zig ZAG (10): | 1,710.30 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 58.23 | |
| TEMA (21): | 1,715.86 | |
| Williams %R (14): | -75.22 | |
| Chande Momentum Oscillator (20): | -3.30 | |
| Repulse (5,40,3): | -0.2100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.47 |
| MA7: | 1,736.53 | |
| MA20: | 1,727.55 | |
| MA50: | 1,770.66 | |
| MA100: | 1,884.80 | |
| MAexp7: | 1,715.02 | |
| MAexp20: | 1,712.44 | |
| MAexp50: | 1,715.41 | |
| MAexp100: | 1,721.99 | |
| Price / MA7: | -0.93% | |
| Price / MA20: | -0.42% | |
| Price / MA50: | -2.84% | |
| Price / MA100: | -8.73% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | +0.29% | |
| Price / MAexp100: | -0.10% |
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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