RUT update for week ending 13 March 2020Weekly 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 1168.76 - 1240.48
Prices have broken through the consolidation low
If RUT is capable of maintaining the current strength as of today, the projection generated from the weekly chart is a target price of 944.18
Out of the combined (weekly & daily) indicators monitored, 100.00% are bearish, 0.00% are bullish and 0.00% are neutral
The prices have moved 6.0 times the normal trade range from Trend Moving Average, a stall/decline 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 1139.85 - 1210.14
Price Consolidation has formed between: 1109.39 - 1253.87
If RUT is capable of maintaining the current strength as of today, the projection generated from the daily chart is a target price of 1248.62
The prices have moved 4.56 times the normal trade range from Trend Moving Average, a stall/decline may occur to return to the average.
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:
Volatility has caused the STD DEV calculation to widen quite a bit.
STD DEV for week of 16 - 20 March: 1115 - 1305
STD DEV for Monday March 16: 1047 - 1373
Anticipating a rise to the daily price target prior to a continued decline toward the weekly price target.
** If data does not significantly change between trade dates, a daily update may be skipped. Monthly and Weekly updates will always be provided. **
