ISHARES RUSSELL 1000 ETF (IWB) Stock Technical Analysis
NYSEARCA:IWB - NYSE Arca - US4642876225 - ETF - Currency: USD
Overall IWB gets a technical rating of 9 out of 10. Both in the recent history as in the last year, IWB has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that IWB is one of the better performing stocks in the market, outperforming 73% of all stocks.
IWB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month IWB has a been trading in a tight range between 340.11 and 354.83.
IWB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for IWB 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.
More info and screens
269.49
357.82
4 important support areas can be observed.
- A support zone ranging from 340.42 to 342.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @329.85 from a horizontal line in the daily time frame.
- Support @291.34 from a trend line in the weekly time frame.
- Support @272.21 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 351.25 to 354.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for IWB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWB is up. |
| ChartMill Relative Strength | 73.52 | POSITIVE | IWB has a high relative strength, it outperformed 73.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.12 | NEUTRAL | The RSI value for IWB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests IWB has a negative trend. |
| Stochastics (14,3) | 84.78 | OVERBOUGHT | The high Stochastics value suggests IWB may be overbought. |
| Average True Range in percent/ATR (20) | 0.84 | LOW VOLATILITY | The low ATR as a percentage value for IWB suggests low volalility. |
| Average Directional Index/ADX (14) | 26.82 | POSITIVE | The high ADX value value for IWB suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 354.29 | 345.08 | 9.21 (2.60%) | 25.00% |
| An entry @354.29. This is a Buy Stop order right above the resistance zone. | An exit @345.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.21 points, which is 2.60%. | For a 0.65% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
351.25
-2.02 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.57%
1 Week-0.47%
2 Weeks1.76%
1 Month1.62%
3 Month10.32%
6 Month6.53%
12 Month13.99%
2 Year41.75%
3 Year60.9%
5 Year79.99%
10 Year217.47%
15 Year504.25%
Volatility
ATR(14)3.29
ATR(20)%0.84%
ATR Inc-41.73%
Range Today3.16
ADR(20)2.54
ADR(20)%0.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.52
Mansfield-0.01
10 Day High354.83
10 Day Low345.09
20 Day High354.83
20 Day Low340.11
52 Week High354.83
52 Week Low264.17
CS1 End342.13
CR1 Start351.25
Volume & EV
DER(3)3.66%
DER(5)2.02%
Volume854.60K
Volume Incr-1.65%
Vol(5)813.28K
Vol(50)869.14K