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RUSSELL 2000 - MINI RUSSELL 2000 FULL1224
RUSSELL 2000 - MINI RUSSELL 2000 FULL1224
- 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 FULL1224 - 1H - Technical analysis published on 11/09/2024 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 2,386.85 USD
My targets
2,424.20 USD (+0.49%)
2,496.77 USD (+3.50%)
My analysis
The bullish trend is currently very strong on RUSSELL 2000 - MINI RUSSELL 2000 FULL1224. As long as the price remains above the support at 2,386.85 USD, you could try to benefit from the boom. The first bullish objective is located at 2,424.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 2,496.77 USD as an objective. Crossing it would then enable buyers to target 2,597.71 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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
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.

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

Additional analysis

Quotes

The RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 price is 2,412.40 USD. The price has increased by +0.70% since the last closing and was traded between 2,387.30 USD and 2,416.30 USD over the period. The price is currently at +1.05% from its lowest and -0.16% from its highest.

2,387.30
2,416.30
2,412.40

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

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:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this RUSSELL 2000 - MINI RUSSELL 2000 FULL1224 chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2,280.11 2,304.95 2,386.85 2,412.40 2,424.20 2,496.77 2,597.71
Change (%) -5.48% -4.45% -1.06% - +0.49% +3.50% +7.68%
Change -132.29 -107.45 -25.55 - +11.80 +84.37 +185.31
Level Major Major Intermediate - Intermediate Minor Major



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
Standard2,341.972,364.232,379.972,402.232,417.972,440.232,455.97
Camarilla2,385.252,388.732,392.222,395.702,399.182,402.672,406.15
Woodie2,338.702,362.602,376.702,400.602,414.702,438.602,452.70
Fibonacci2,364.232,378.752,387.722,402.232,416.752,425.722,440.23


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,107.872,153.132,186.872,232.132,265.872,311.132,344.87
Camarilla2,198.882,206.122,213.362,220.602,227.842,235.082,242.33
Woodie2,102.102,150.252,181.102,229.252,260.102,308.252,339.10
Fibonacci2,153.132,183.312,201.962,232.132,262.312,280.962,311.13


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard2,034.372,107.932,164.272,237.832,294.172,367.732,424.07
Camarilla2,184.882,196.792,208.692,220.602,232.512,244.422,256.32
Woodie2,025.752,103.632,155.652,233.532,285.552,363.432,415.45
Fibonacci2,107.932,157.562,188.212,237.832,287.462,318.112,367.73

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): 60.58
MACD (12,26,9): 3.4600
Directional Movement: 7.42
AROON (14): 35.71
DEMA (21): 2,406.58
Parabolic SAR (0,02-0,02-0,2): 2,394.21
Elder Ray (13): 9.12
Super Trend (3,10): 2,413.40
Zig ZAG (10): 2,411.80
VORTEX (21): 1.0800
Stochastique (14,3,5): 87.13
TEMA (21): 2,405.77
Williams %R (14): -15.52
Chande Momentum Oscillator (20): 14.30
Repulse (5,40,3): 0.2000
ROCnROLL: 1
TRIX (15,9): 0.0000
Courbe Coppock: 0.88
MA7: 2,306.67
MA20: 2,275.46
MA50: 2,234.08
MA100: 2,201.56
MAexp7: 2,407.80
MAexp20: 2,402.73
MAexp50: 2,389.81
MAexp100: 2,356.23
Price / MA7: +4.58%
Price / MA20: +6.02%
Price / MA50: +7.98%
Price / MA100: +9.58%
Price / MAexp7: +0.17%
Price / MAexp20: +0.38%
Price / MAexp50: +0.92%
Price / MAexp100: +2.36%

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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