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.
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.
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223.16
2 important support areas can be observed.
- A support zone ranging from 229.10 to 246.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @225.41 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 249.44 to 250.34. 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 IWM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWM is up. |
| ChartMill Relative Strength | 61.25 | 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) | 60 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.25 | POSITIVE | The MACD value suggests IWM has a positive trend. |
| Stochastics (14,3) | 94.95 | OVERBOUGHT | The high Stochastics value suggests IWM may be overbought. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for IWM suggests low volalility. |
| Average Directional Index/ADX (14) | 19.48 | NEGATIVE | The low ADX value for IWM suggests a weak or negative trend. |
248.75
+1.45 (+0.59%)
ISHARES RUSSELL 2000 ETF / IWM FAQ
What is the technical rating for IWM stock?
ChartMill assigns a technical rating of 7 / 10 to IWM.
Can you provide the trend direction for ISHARES RUSSELL 2000 ETF?
The current trend direction for ISHARES RUSSELL 2000 ETF (IWM) is Bullish.
What is the RSI signal for IWM stock?
ISHARES RUSSELL 2000 ETF (IWM) has an RSI value of 60.0001. This indicates that the stock is currently neutral.
What is the MACD signal for IWM stock?
The MACD indicator for ISHARES RUSSELL 2000 ETF (IWM) has a value of 1.24521, indicating a bullish trend.
Can you provide the short term momentum for ISHARES RUSSELL 2000 ETF?
The short term momentum for ISHARES RUSSELL 2000 ETF (IWM) is positive.