Russell 2000 (RTY) Down 0.91%, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average

The Hourly View for RTY

Last Updated March 25, 2021, 00:020 GMT

At the moment, E-Mini Russell 2000’s price is down 0 (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as E-Mini Russell 2000 has now gone down 8 of the past 10 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on E-Mini Russell 2000. Given that we see downtrend on the 20 and 5 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 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

Russell 2000 entered today at 2266.84277, down 0.91% ($20.7) from the previous day. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 12th for the day in terms of price change relative to the previous day. Let’s take a look at the daily price chart of Russell 2000.

RTY

Russell 2000 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 10 days.