US Small Cap 2000 Index
Short

RUT update for week ending 3 March 2020

50
Weekly Data Summary Suggests:

Current Weekly Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 994.19 - 1094.47
Price Consolidation has formed between: 1396 - 966
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 500 - 972
Out of the combined (weekly & daily) indicators monitored, 91.67% are bearish, 0.00% are bullish and 8.33% are neutral


The prices have moved 4.75 times the normal trade range from Trend Moving Average, a stall/change in direction may occur to return to the average.
The RSI that monitors bullish strength has a current weekly reading of: Bearish
The RSI that monitors bearish strength has a current weekly reading of: Bearish
The strength demonstrated over the last 5 weeks is currently: Bearish

Daily Data Summary Suggests:

Current Daily Trend (price relationship to the trend MA) is Bearish
The price relationship to the moving averages currently suggest Short positions.
Current chart score suggests that Bearish Sentiment is present.
The anticipated upcoming trade range is between 1000.26 - 1090.03
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1010 - 1022

The prices are moving with the Trending Moving Average at a standard pace with a moderate market
The RSI that monitors bullish strength has a current daily reading of: Bearish
The RSI that monitors bearish strength has a current daily reading of: Bearish
The strength demonstrated over the last 5 days is currently: Bearish

Comments:
Standard Deviation for the week of 6 - 10 March 2020: 846 - 1258
Standard Deviation for Monday 6 March: 935 - 1168

** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.