priceprophet
Long

RUT update for week ending 18 October 2019

TVC:RUT   Russell 2000 Index
Weekly Data Summary Suggests:

Current Weekly Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
The market is currently in transition and trade caution is advised.
The anticipated upcoming trade range is between 1500.63 - 1570.33
Price Consolidation has formed between: 1462.22 - 1542.66
Out of the combined (weekly & daily) indicators monitored, 16.67% are bearish , 66.67% are bullish and 16.67% are neutral


Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current weekly reading of: Neutral Bear
The RSI that monitors bearish strength has a current weekly reading of: Neutral Bear
The strength demonstrated over the last 5 weeks is currently: Bullish

Daily Data Summary Suggests:

Current Daily Trend (price relationship to the trend MA) is Bullish
The price relationship to the moving averages currently suggest Long positions.
Current chart score suggests that Bullish Sentiment is present.
The anticipated upcoming trade range is between 1522.09 - 1548.87
Price Consolidation has formed between: 1525.47 - 1542.66

Price movement has returned to the Trending Moving Average this suggests either a stall while averages catch up to the prices or a turn in the prices in the opposite direction
The RSI that monitors bullish strength has a current daily reading of: Bullish
The RSI that monitors bearish strength has a current daily reading of: Neutral Bull
The strength demonstrated over the last 5 days is currently: Bullish



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

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