ISHARES RUSSELL 2000 ETF (IWM)

US4642876555 - ETF

176.15  +1.98 (+1.14%)

After market: 176.5 +0.35 (+0.2%)

Technical Rating

4

We assign a technical rating of 4 out of 10 to IWM. IWM has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.



In the last month IWM has a been trading in the 168.78 - 180.53 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
IWM has an average volume of 31254100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, IWM outperforms 49% of them, which is more or less in line with the market.
IWM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IWM is lagging the market slightly.

Statistics

1 Month 3 Months 6 Months 12 Months 0.54% -6.06% -5.08% -6.12% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 49.57 162.5 - 201.99
IWM Weekly chart
IWM Daily chart

Support/Resistance Analysis


168.82

202.36
We found 1 important support area.
  • A support zone ranging from 170.53 to 175.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
  • A resistance zone ranging from 176.65 to 178.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @185.96 from a trend line in the weekly time frame.
  • Resistance @189.67 from a horizontal line in the daily time frame.
  • Resistance @193.14 from a trend line in the weekly time frame.
  • A resistance zone ranging from 197.00 to 200.36. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

6

IWM has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 175.81, a Stop Loss order could be placed below this zone.


IWM Daily chart

ISHARES RUSSELL 2000 ETF

NYSEARCA:IWM (5/26/2023, 7:04:00 PM)

After market: 176.5 +0.35 (+0.2%)

176.15

+1.98 (+1.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.14%
1 Week0.02%
2 Weeks1.99%
1 Month0.54%
3 Month-6.06%
6 Month-5.08%
12 Month-6.12%
Volatility
ATR(14)2.89
ATR(20)%1.79%
ATR Inc-14.13%
Range Today2.36
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS49.57
Mansfield-0.77
10 Day High180.53
10 Day Low172.16
20 Day High180.53
20 Day Low168.78
52 Week High201.99
52 Week Low162.5
CS1 End175.81
CR1 Start176.65
Volume & EV
DER(3)-2.78%
DER(5)-1.36%
Volume29.84M
Volume Incr3.75%
Vol(5)31.14M
Vol(50)31.25M
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