Russell 2000 (RTY) Up 0.4%; in an Uptrend Over Past 90 Days

The Hourly View for RTY

Last Updated February 11, 2021, 00:022 GMT

At the time of this writing, E-Mini Russell 2000’s price is down -0.05 (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 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 is up 0.4% (9.24) since yesterday, marking the 7th consecutive day an increase has occurred. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 4th for the day in terms of price change relative to yesterday. Here is a 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 another vantage point, consider that Russell 2000’s price has gone up 16 of the previous 30 trading days.