Russell 2000 10-Day forecast and technical analysis by pretiming. | |||
◆ Closed price | |||
Jun 06, 2023 | 1,856.34 | 2.75% | |
◆ Appropriate Investment Position: Sell | |||
◆Today's Buy-Sell strength analysis | |||
The current trend appears to be 'Uptrend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a stronger HIGH-price and a weaker LOW-price Finally, the CLOSE-price closed with a stronger upward rate than the current trend. | |||
The overall buy-and-sell strength indicates that the buy strength is stronger than the sell. | |||
Assuming that the average buy strength is 100%, | |||
Today's buy strength is | 261% | | |
◆ Tomorrow's Buy-Sell strength Forecast | |||
Based on recent market trends and technical analysis, it looks like Russell 2000 will enter an Correction trend tomorrow | |||
The %strength of Risk & Return tomorrow : | 6% | ||
HIGH ~ LOW % range tomorrow : | 0.8% | -0.3% | |
Predicted Average return over the next 3 days: | 2.0% | ||
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◆ Russell 2000 stock market 10 Day forecast | |||
It is expected that the overall trend movement over the next 10 days will follow a strong downward direction, with a ratio of 7 : 3 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is moderate, while the upward strength is moderate. Currently, it's in the midst of a strong uptrend in prices, marked by brief declines and strong rises. and The Buy-Sell strength has changed from a weak buying flow to a strengthening buying flow again. | |||
Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate selling timing is predicted to be in 3 days. | |||
The selling date is | Jun 08 | to | Jun 09 |
A good price to sell a stock: | $ 1,887.14 | ||
The appropriate buying timing is uncertain for now. | | ||
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(Forecast may change due to changes in the Buy-Sell strength) | |||
◆ Volatility of forecast | |||
Due to sudden changes in Buy-Sell strength that can cause instability in trend linkage, pretiming forecasting can be highly volatile. | |||
◆ Predicting the turning point of the trend | |||
The probability of a trend reversal occurring approximately 3 days from now, 9 days from now | 53% | ||
◆ Forecast of Upper~Lower price range over the next 10 days | |||
Price: | 1,777.51 | ~ | 1,881.78 |
% Change: | -4.2% | ~ | 1.4% |
Median price between the upper and lower prices | 1,829.64 | -1.4% | |
◆ Analysis of the trend zone & level% and average strength of trends | |||
For the last 30 days, the average trend zone & level% | Bearish | -17% | |
The Current trend zone & level% | Bullish | 71% | |
The expected average trend zone & level% for the next 10 days | Bullish | 11% | |
If the trend moves upward from the current trend level%, it's expected to have an average upward strength of | 26% | (Max 100%) | |
And if it moves downward, it is expected to have a downward strength of | -49% | (Min -100%) | |
◆ Forecasting the strength of the trend and the range of the HIGH ~ LOW | |||
Trend | Strength% | HIGH | LOW |
In 1 day: Entering a correction trend | 6% | 0.8% | -0.3% |
In 2 days: Entering a correction trend | 22% | 1.0% | -0.2% |
In 3 days: Entering a correction trend | 31% | 0.8% | 0.1% |
In 4 days: Correction trend | -50% | 0.4% | -1.7% |
In 5 days: Correction trend | -50% | 0.4% | -1.8% |
In 6 days: Downtrend | -100% | 0.4% | -1.8% |
In 7 days: Entering a rebound trend | 44% | 2.0% | 0.1% |
In 8 days: Entering a rebound trend | -20% | 0.3% | -1.0% |
In 9 days: Reversion to a downtrend | -3% | 0.3% | -0.8% |
In 10 days: Downtrend | -74% | 0.1% | -1.4% |
◆ Average closing price in case of rising: | | 1.0% | |
=> HIGH ~ LOW range: | 1.3% | ~ | -0.4% |
◆ Average closing price in case of falling: | | -1.0% | |
=> HIGH ~ LOW range: | 0.6% | ~ | -1.4% |
Stock forecast is based on the buy-sell strength analysis of pretiming. Get detailed information including best stocks to buy, stock price target and investment strategy, Bearish & Bullish stock trend analysis, stock technical analysis. |
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