ISHARES RUSSELL 1000 GROWTH (IWF) Stock Technical Analysis
NYSEARCA:IWF - NYSE Arca - US4642876142 - ETF - Currency: USD
Overall IWF gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IWF is only an average performer.
The long and short term trends are both positive. This is looking good!
IWF 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 IWF has a been trading in the 388.30 - 412.75 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
IWF has an average volume of 1830780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that IWF is one of the better performing stocks in the market, outperforming 74% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Besides having an excellent technical rating, IWF also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 411.96. Right above this resistance zone may be a good entry point.
More info and screens
331.41
423.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 387.95 to 390.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @334.76 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 411.96 to 418.95. 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 IWF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWF is up. |
| ChartMill Relative Strength | 74.52 | POSITIVE | IWF has a high relative strength, it outperformed 74.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.29 | NEUTRAL | The RSI value for IWF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests IWF has a negative trend. |
| Stochastics (14,3) | 92.15 | OVERBOUGHT | The high Stochastics value suggests IWF may be overbought. |
| Average True Range in percent/ATR (20) | 1.3 | LOW VOLATILITY | The low ATR as a percentage value for IWF suggests low volalility. |
| Average Directional Index/ADX (14) | 19.37 | NEGATIVE | The low ADX value for IWF suggests a weak or negative 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 |
|---|---|---|---|
| 418.96 | 393.88 | 25.08 (5.99%) | 16.70% |
| An entry @418.96. This is a Buy Stop order right above the resistance zone. | An exit @393.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 25.08 points, which is 5.99%. | For a 1.00% total portfolio risk, you can invest 16.70% 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.
409.17
-1.33 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.32%
1 Week0.77%
2 Weeks2.72%
1 Month3.15%
3 Month10.83%
6 Month-1.18%
12 Month12.69%
2 Year48.69%
3 Year87.09%
5 Year113.17%
10 Year313.26%
15 Year792.8%
Volatility
ATR(14)5.34
ATR(20)%1.3%
ATR Inc-17.55%
Range Today5.06
ADR(20)4.78
ADR(20)%1.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.52
Mansfield0.22
10 Day High412.75
10 Day Low393.89
20 Day High412.75
20 Day Low388.3
52 Week High419.53
52 Week Low308.67
CS1 End390.59
CR1 Start411.96
Volume & EV
DER(3)1.56%
DER(5)1.03%
Volume1.09M
Volume Incr-24.52%
Vol(5)1.07M
Vol(50)1.83M