ISHARES RUSSELL 1000 ETF (IWB) Stock Technical Analysis
USA - NYSEARCA:IWB - US4642876225 - ETF
364.84 USD
+1.52 (+0.42%)
364.9 USD
+0.06 (+0.02%)
Taking everything into account, IWB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, IWB is showing a nice and steady performance.
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 70% of all stocks.
IWB is currently making a new 52 week high. This is a strong signal. 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 349.22 and 365.44.
IWB has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
269.49
369.11
When analyzing the support we can see 5 important areas.
- A support zone ranging from 349.67 to 361.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 341.55 to 341.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @330.55 from a horizontal line in the daily time frame.
- Support @294.13 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 364.85 to 365.46. This zone is formed by a combination of multiple trend lines 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 | 70.71 | POSITIVE | IWB has a high relative strength, it outperformed 70.71% 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) | 70.08 | OVERBOUGHT | The high RSI value suggests IWB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests IWB has a positive trend. |
| Stochastics (14,3) | 90.89 | OVERBOUGHT | The high Stochastics value suggests IWB may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for IWB suggests low volalility. |
| Average Directional Index/ADX (14) | 25.53 | 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)
364.84
+1.52 (+0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.42%
1 Week0.93%
2 Weeks2.47%
1 Month4.54%
3 Month11.81%
6 Month17.76%
12 Month16.78%
2 Year55.31%
3 Year84.89%
5 Year94.95%
10 Year240.81%
15 Year477.74%
Volatility
ATR(14)2.85
ATR(20)%0.78%
ATR Inc-0.46%
Range Today2.29
ADR(20)2.46
ADR(20)%0.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.71
Mansfield0
10 Day High365.44
10 Day Low356.09
20 Day High365.44
20 Day Low349.22
52 Week High365.44
52 Week Low264.17
CS1 End361.15
CR1 Start364.85
Volume & EV
DER(3)0.75%
DER(5)-0.73%
Volume1.99M
Volume Incr28.57%
Vol(5)1.18M
Vol(50)893.87K