Russell 2000 Price & Technical Analysis Forecast – Capital Street FX

Russell 2000 Price & Technical Analysis Forecast – Capital Street FX

Russell 2000 Index Technical Analysis

The Russell 2000 is looking a little scrappy

Russell 2000 rose by 3.41% to 18,62.45 on Thursday.

KT EPS was 0.51 on revenue of 4.82B, with an anticipated EPS of 0.5581 on revenue of 4.82B, KT shares are up 13.84% from the start of the year and now trading at 14.31 down from a 52-week-high.

The hang Seng Index in Hong Kong was up by 5.90%, Hang Seng tech index slumped by 3.78%. South Korea’s Kospi was down by 2.41% and the Kosdaq tumbled by 2.14%.

The people’s bank of China cut 14-day reverse repo rate, later this week the bank of China and the federal reserve will be announcing their interest rate

Alibaba Group Holding tumbled 3.4% to HK$83.85, while Tencent Holdings slumped by 0.9% to HK$290.60, today’s losers were Wu Xi Biologics, which slumped 5.1% to Hk$49.20, and country garden which rebound 5% to Hong Kong $2.30.

Long-Term Technical Analysis

This daily chart indicates that Russell 2000 Index is trading in an up channel, Currently, it is trading above all SMA, RSI suggests that the market is in the buying zone, and MACD is above zero which indicates bullishness.

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