The Hourly View for RTY
Last Updated April 30, 2021, 03:019 GMT
Currently, E-Mini Russell 2000’s price is down -0.01 (0%) from the hour prior. E-Mini Russell 2000 has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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
Russell 2000’s 4 day positive streak has officially concluded, as the candle from yesterday closed down 0.38% (8.7). 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 yesterday. Let’s take a look at the daily price chart of Russell 2000.
Russell 2000 Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 8 them.