Russell 2000 (RTY) Outperforms All equity indices, Up 2.05%; in an Uptrend Over Past 90 Days

The Hourly View for RTY

Last Updated January 15, 2021, 03:020 GMT

At the moment, 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. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on E-Mini Russell 2000. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Russell 2000 Daily Price Recap

The back and forth price flow continues for Russell 2000, which started today off at 2155.34937 US dollars, up 2.05% (43.38) from yesterday. Russell 2000 outperformed all 14 assets in the equity indices asset class since yesterday. Congrats to its holders! Here is a daily price chart of Russell 2000.

RTY

Russell 2000 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 8 out of the past 14 days.