ISHARES RUSSELL 2000 ETF (IWM) Stock Technical Analysis
NYSEARCA:IWM - NYSE Arca - US4642876555 - ETF - Currency: USD
Overall IWM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, IWM is only an average performer.
The long and short term trends are both positive. This is looking good!
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.
In the last month IWM has a been trading in the 212.34 - 226.97 range, which is quite wide. It is currently trading near the high of this range.
IWM has an average volume of 35060500 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 61% of all stocks.
IWM 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
184.14
229.08
We found 3 important support areas.
- A support zone ranging from 225.46 to 225.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 214.91 to 221.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @186.00 from a trend line in the weekly time frame.
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 IWM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWM is up. |
| ChartMill Relative Strength | 61.24 | NEUTRAL | IWM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.91 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests IWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 69.86 | NEUTRAL | The Stochastics value for IWM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for IWM suggests low volalility. |
| Average Directional Index/ADX (14) | 12.6 | NEGATIVE | The low ADX value for IWM 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)
226.81
+6.54 (+2.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.97%
1 Week2.7%
2 Weeks1.85%
1 Month3.65%
3 Month8.08%
6 Month0.37%
12 Month6.68%
2 Year20.25%
3 Year23.6%
5 Year45.92%
10 Year96.88%
15 Year276.89%
Volatility
ATR(14)3.58
ATR(20)%1.57%
ATR Inc24.76%
Range Today5.82
ADR(20)3.23
ADR(20)%1.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.24
Mansfield-0.44
10 Day High226.98
10 Day Low212.34
20 Day High226.98
20 Day Low212.34
52 Week High244.98
52 Week Low171.73
CS1 End225.68
CR1 StartN/A
Volume & EV
DER(3)2.25%
DER(5)0.93%
Volume43.99M
Volume Incr-13.99%
Vol(5)31.55M
Vol(50)35.06M