Russell 2000 Technical Analysis Overview

RUT -- USA Index  

 1,523  18.71  1.21%

Russell 2000 holds Coefficient Of Variation of 234.16 and Risk Adjusted Performance of 0.46. Macroaxis technical analysis interface allows you to check existing technical drivers of Russell 2000 as well as the relationship between them. In other words you can use this information to find out if the index will indeed mirror its model of past market data or the prices will eventually revert. We found nineteen technical drivers for Russell 2000 which can be compared to its competitors. Please check Russell 2000 Jensen Alpha, Semi Variance and the relationship between Standard Deviation and Value At Risk to decide if Russell 2000 is priced some-what accurately providing market reflects its current price of 1523.33 per share.
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Russell 2000 Trend Analysis

Use this graph to draw trend lines for Russell 2000 . You can use it to identify possible trend reversals for Russell 2000 as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Russell 2000 price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Russell 2000 Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Russell 2000 applied against its price change over selected period. The best fit line has a slop of 9.83 % which may suggest that Russell 2000 market price will keep on failing further. It has 34 observation points and a regression sum of squares at 78832.67, which is the sum of squared deviations for the predicted Russell 2000 price change compared to its average price change.

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Russell 2000 Market Strength

Russell 2000 October 21, 2018 Daily Price Condition

See also Your Current Watchlist. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.