The Hourly View for RTY
Last Updated January 4, 2021, 02:019 GMT
Currently, E-Mini Russell 2000’s price is down 0 (0%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
Russell 2000 Daily Price Recap
The choppiness in the recent daily price action of Russell 2000 continues; to start today, it came in at a price of 1974.85535 US dollars, down 0.26% (5.14) since yesterday. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 7th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of Russell 2000.
Russell 2000 Technical Analysis
Volatility for Russell 2000 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Russell 2000’s price has gone up 7 of the previous 14 trading days.