priceprophet

RUT End Of Week Evaluation

TVC:RUT   US Small Cap 2000 Index
*** Comments prior to evaluation summary ***
APTR Bands Range: 1713.51 - 1857.17
Orion:4Sight Range: 1767.92 - 1937.91 (Mean: 1852.92)

Trend Analysis:
The current trend is defined by the last price and it's relationship to specific moving averages.
Check the MA strategy for more specific suggestions.
Weekly: The relationship to the primary trend MA is bullish. The price in relationship to the other averages suggest long positions

Price Action:
Weekly: The average price range currently is 71.83 points/ticks/pips. Prices are currently 3.07x the normal trading range.
Prices currently are trending and not in consolidation.

Standard Deviation
Weekly: Standard deviation suggests a range from 1699.37 to 1871.31 for the following week.

Calculated Price Strength:
The strength of the trend in conjunction with specific averages.
News announcements can change the strength and directional attitude.
Weekly: Trend strength suggests trading between a range of 1785.34 to 1884.61 for the following week.

Price Projection:
The price action has generated a projection signal for the underlying.
Weekly: Price currently displays (if strength and attitude continue) a desire to move toward 1879.48
If strength and attitude continue, it could take between 4 to 8 trade periods (weeks) to reach the projection.

Indicators Summary.
A collection of technical indicators whose directional attitude has been summarized.
Weekly: Out of the cumulative indicators monitored, 100.00% are bullish, 0.00% are bearish, 0.00% are neutral

The CCI indicator trading strategy suggest the following:
Weekly: Very strongly bullish - long entries.

Confirmation Signal
6 indicators combined to confirm entry/exit.
Weekly Bullish - Open directional trades

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.