ISHARES RUSSELL 2000 ETF (IWM)

US4642876555 - ETF

205.77  +1.72 (+0.84%)

After market: 206.47 +0.7 (+0.34%)

Technical Rating and Analysis

5

Overall IWM gets a technical rating of 5 out of 10. In the last year, IWM was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
IWM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so IWM is lagging the market slightly.
IWM has an average volume of 29235800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, IWM turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
In the last month IWM has a been trading in a tight range between 201.12 and 209.77.
Weekly and Daily overview Charts
IWM Weekly chart
IWM Daily chart
Setup Rating and Analysis

9

Although the technical rating is only medium, IWM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 206.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 205.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IWM in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

163.27

212.41

3 important support areas can be observed.

  • A support zone ranging from 200.56 to 205.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 189.48 to 193.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @164.92 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • Resistance @206.96 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 210.31 to 210.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.21
Mansfield-0.4
10 Day High209.48
10 Day Low201.78
20 Day High209.77
20 Day Low201.12
52 Week High211.88
52 Week Low161.67
Performance
1 Week1.27%
2 Weeks-1.04%
1 Month2.93%
3 Month-0.06%
6 Month11.28%
12 Month13.05%
2 Year11.04%
3 Year-8.75%
5 Year41.07%
10 Year82.32%
15 Year310.15%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.38
RSI(14)53.7
LBB201.96
UBB210.37
IWM Daily chart

ISHARES RUSSELL 2000 ETF

NYSEARCA:IWM (5/31/2024, 7:04:00 PM)

After market: 206.47 +0.7 (+0.34%)

205.77

+1.72 (+0.84%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.84%
1 Week1.27%
2 Weeks-1.04%
1 Month2.93%
3 Month-0.06%
6 Month11.28%
12 Month13.05%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.6
ATR(20)%1.29%
ATR Inc
Range Today3.2
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High209.48
10 Day Low201.78
20 Day High209.77
20 Day Low201.12
52 Week High211.88
52 Week Low161.67
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume25.78M
Volume Incr-13.38%
Vol(5)22.08M
Vol(50)29.24M