Russell 2000 (RTY) Up 0.13%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

The Hourly View for RTY

Last Updated February 12, 2021, 18:20 GMT

At the moment, E-Mini Russell 2000’s price is down -2.26 (-0.1%) 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. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. 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 entered today at 2285.31738, up 0.13% ($2.88) from the day prior. Out of the 14 instruments in the equity indices asset class, Russell 2000 ended up ranking 9th for the day in terms of price change relative to the day prior. The daily price chart of Russell 2000 below illustrates.

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. Or to view things another way, note that out of the past 14 days Russell 2000’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.