RUSSELL 2000 - MINI RUSSELL 2000 FULL0624 - Daily - Technical analysis published on 05/09/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
83%
6%
My opinion
Bearish under 1,867.80 USD
My targets
1,734.09 USD (-2.94%)
1,594.67 USD (-10.74%)
My analysis
The bearish trend is currently very strong for RUSSELL 2000 - MINI RUSSELL 2000 FULL0622. As long as the price remains below the resistance at 1,867.80 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1,734.09 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 1,594.67 USD as an objective. Crossing it would then enable sellers to target 1,433.59 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.4
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The RUSSELL 2000 - MINI RUSSELL 2000 FULL0622 rating is 1,786.60 USD. On the day, this instrument lost -2.72% and was between 1,784.20 USD and 1,828.00 USD. This implies that the price is at +0.13% from its lowest and at -2.26% from its highest.1,784.20
1,828.00
1,786.60
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by RUSSELL 2000 - MINI RUSSELL 2000 FULL0622:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of RUSSELL 2000 - MINI RUSSELL 2000 FULL0622 indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 1,433.59 | 1,594.67 | 1,734.09 | 1,786.60 | 1,927.18 | 2,119.07 | 2,267.14 |
| Change (%) | -19.76% | -10.74% | -2.94% | - | +7.87% | +18.61% | +26.90% |
| Change | -353.01 | -191.93 | -52.51 | - | +140.58 | +332.47 | +480.54 |
| Level | Major | Intermediate | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,748.03 | 1,781.67 | 1,809.13 | 1,842.77 | 1,870.23 | 1,903.87 | 1,931.33 |
| Camarilla | 1,819.80 | 1,825.40 | 1,831.00 | 1,836.60 | 1,842.20 | 1,847.80 | 1,853.40 |
| Woodie | 1,744.95 | 1,780.13 | 1,806.05 | 1,841.23 | 1,867.15 | 1,902.33 | 1,928.25 |
| Fibonacci | 1,781.67 | 1,805.01 | 1,819.43 | 1,842.77 | 1,866.11 | 1,880.53 | 1,903.87 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,647.90 | 1,731.60 | 1,784.10 | 1,867.80 | 1,920.30 | 2,004.00 | 2,056.50 |
| Camarilla | 1,799.15 | 1,811.63 | 1,824.12 | 1,836.60 | 1,849.09 | 1,861.57 | 1,874.06 |
| Woodie | 1,632.30 | 1,723.80 | 1,768.50 | 1,860.00 | 1,904.70 | 1,996.20 | 2,040.90 |
| Fibonacci | 1,731.60 | 1,783.63 | 1,815.77 | 1,867.80 | 1,919.83 | 1,951.97 | 2,004.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1,523.17 | 1,689.43 | 1,775.37 | 1,941.63 | 2,027.57 | 2,193.83 | 2,279.77 |
| Camarilla | 1,791.95 | 1,815.06 | 1,838.18 | 1,861.30 | 1,884.42 | 1,907.54 | 1,930.66 |
| Woodie | 1,483.00 | 1,669.35 | 1,735.20 | 1,921.55 | 1,987.40 | 2,173.75 | 2,239.60 |
| Fibonacci | 1,689.43 | 1,785.77 | 1,845.29 | 1,941.63 | 2,037.97 | 2,097.49 | 2,193.83 |
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): | 33.32 | |
| MACD (12,26,9): | -47.5200 | |
| Directional Movement: | -11.09 | |
| AROON (14): | -85.71 | |
| DEMA (21): | 1,863.56 | |
| Parabolic SAR (0,02-0,02-0,2): | 1,950.80 | |
| Elder Ray (13): | -84.94 | |
| Super Trend (3,10): | 1,987.21 | |
| Zig ZAG (10): | 1,791.60 | |
| VORTEX (21): | 0.8300 | |
| Stochastique (14,3,5): | 8.12 | |
| TEMA (21): | 1,834.32 | |
| Williams %R (14): | -99.59 | |
| Chande Momentum Oscillator (20): | -197.40 | |
| Repulse (5,40,3): | -4.5100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 13.32 |
| MA7: | 1,868.09 | |
| MA20: | 1,934.28 | |
| MA50: | 1,994.18 | |
| MA100: | 2,043.15 | |
| MAexp7: | 1,861.67 | |
| MAexp20: | 1,921.00 | |
| MAexp50: | 1,979.68 | |
| MAexp100: | 2,038.91 | |
| Price / MA7: | -4.36% | |
| Price / MA20: | -7.63% | |
| Price / MA50: | -10.41% | |
| Price / MA100: | -12.56% | |
| Price / MAexp7: | -4.03% | |
| Price / MAexp20: | -7.00% | |
| Price / MAexp50: | -9.75% | |
| Price / MAexp100: | -12.37% |
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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