Russell 2000 Index technical analysis
Technical analysis of Russell 2000 Index (index) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
What is Russell 2000 Index
The Russell 2000 Index is a stock market index that tracks the performance of a basket of securities in the United States market. The index serves as a benchmark to monitor the performance of a specific segment of the American equity market.
Description generated automatically from public sources; it may be inaccurate or out of date.
Russell 2000 Index: latest session data
Closing values for October 21, 2026, computed on the last 12 months of prices.
Moving averages
21 sessions
2,795.99 $
−0.85%
50 sessions
2,891.41 $
−4.12%
200 sessions
2,798.32 $
−0.93%
Session levels
s2
2,706.86
Support
s1
2,740.14
Support
pivot
2,761.84
Pivot
r1
2,795.12
Resistance
r2
2,816.82
Resistance
How to read it
In the October 21, 2026 session Russell 2000 Index closed lower at 2,772.35 $, −0.04% versus the previous session.
The price sits below every moving average observed: −0.85% against the 21-session average, −4.12% against the 50 and −0.93% against the 200.
The 14-period RSI reads 42.5, in neutral territory.
MACD stands at -37.248 against a signal line at -38.615: the histogram is positive (+1.367).
ADX reads 38.8, indicating a marked directionality.
Levels computed on the latest session place supports at 2,740.14 and 2,706.86 $ and resistances at 2,795.12 and 2,816.82 $, around a pivot of 2,761.84.
The average daily range (ATR) is 35.327 $, or 1.27% of price.
Over the last twelve months the price ranged between 2,716.23 and 3,069.71 $, and today stands −9.69% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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How Montbon’s technical analysis works
Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
FAQ about Russell 2000 Index
How is Russell 2000 Index analysed technically?
Technical analysis of Russell 2000 Index is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Russell 2000 Index?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Russell 2000 Index?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Russell 2000 Index it helps frame the technical structure of the historical chart and is not a forecast.
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