RUSSELL 2000 - MINI RUSSELL 2000 FULL0624
RUSSELL 2000 - MINI RUSSELL 2000 FULL0624
- USD (-)
- 10 min delayed data - CME E-mini Futures
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Futures
Ticker: RTYXXXX
ISIN: RTYXXXX

RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 - 1H - Technical analysis published on 11/23/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 2,328.50 USD
My targets
2,302.00 USD (-0.57%)
2,249.46 USD (-2.84%)
My analysis
RUSSELL 2000 - MINI RUSSELL 2000 FULL1221 is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 2,328.50 USD. The next support located at 2,302.00 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 2,249.46 USD. Below this support, sellers could then target 2,183.90 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever 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 content. 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.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The RUSSELL 2000 - MINI RUSSELL 2000 FULL1221 price is 2,315.10 USD. On the day, this instrument lost -0.73% with the lowest point at 2,300.90 USD and the highest point at 2,344.90 USD. The deviation from the price is +0.62% for the low point and -1.27% for the high point.

2,300.90
2,344.90
2,315.10

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner for higher/lower results shows the following items:

Central Records

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of RUSSELL 2000 - MINI RUSSELL 2000 FULL1221 in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

RSI indicator is back under 50

Type : Bearish

Timeframe : 1 hour


Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Momentum indicator is back under 0

Type : Bearish

Timeframe : 1 hour


Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour



No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Black marubozu

Type : Bearish

Timeframe : 1 hour


Long black line

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,183.90 2,249.46 2,302.00 2,315.10 2,328.50 2,355.80 2,377.90
Change (%) -5.67% -2.84% -0.57% - +0.58% +1.76% +2.71%
Change -131.20 -65.64 -13.10 - +13.40 +40.70 +62.80
Level Minor Minor Intermediate - Intermediate Major Minor



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
Standard2,267.932,297.072,314.632,343.772,361.332,390.472,408.03
Camarilla2,319.362,323.642,327.922,332.202,336.482,340.762,345.04
Woodie2,262.152,294.182,308.852,340.882,355.552,387.582,402.25
Fibonacci2,297.072,314.912,325.932,343.772,361.612,372.632,390.47


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,205.972,267.232,304.972,366.232,403.972,465.232,502.97
Camarilla2,315.482,324.552,333.632,342.702,351.782,360.852,369.93
Woodie2,194.202,261.352,293.202,360.352,392.202,459.352,491.20
Fibonacci2,267.232,305.052,328.422,366.232,404.052,427.422,465.23


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,060.802,120.502,237.402,297.102,414.002,473.702,590.60
Camarilla2,305.742,321.922,338.112,354.302,370.492,386.682,402.87
Woodie2,089.402,134.802,266.002,311.402,442.602,488.002,619.20
Fibonacci2,120.502,187.962,229.642,297.102,364.562,406.242,473.70

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 38.55
MACD (12,26,9): -7.1100
Directional Movement: -15.11
AROON (14): -14.29
DEMA (21): 2,319.14
Parabolic SAR (0,02-0,02-0,2): 2,344.90
Elder Ray (13): -15.68
Super Trend (3,10): 2,344.28
Zig ZAG (10): 2,315.50
VORTEX (21): 0.8400
Stochastique (14,3,5): 42.49
TEMA (21): 2,319.08
Williams %R (14): -58.86
Chande Momentum Oscillator (20): -15.30
Repulse (5,40,3): -0.1900
ROCnROLL: 2
TRIX (15,9): -0.0400
Courbe Coppock: 0.90
MA7: 2,362.33
MA20: 2,369.95
MA50: 2,293.29
MA100: 2,259.51
MAexp7: 2,322.54
MAexp20: 2,328.64
MAexp50: 2,340.73
MAexp100: 2,355.46
Price / MA7: -2.00%
Price / MA20: -2.31%
Price / MA50: +0.95%
Price / MA100: +2.46%
Price / MAexp7: -0.32%
Price / MAexp20: -0.58%
Price / MAexp50: -1.09%
Price / MAexp100: -1.71%

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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