ISHARES RUSSELL 2000 ETF (IWM) Stock Technical Analysis
NYSEARCA:IWM - NYSE Arca - US4642876555 - ETF - Currency: USD
We assign a technical rating of 7 out of 10 to IWM. IWM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month IWM has a been trading in the 202.67 - 217.41 range, which is quite wide. It is currently trading near the high of this range.
IWM has an average volume of 31093300 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 62% of all stocks.
IWM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IWM is lagging the market.
Although IWM has an excellent technical rating, the quality of the presented setup is not ideal 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
182.64
226.21
When analyzing the support we can see 3 important areas.
- A support zone ranging from 208.21 to 214.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 202.55 to 204.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @184.48 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @216.13 from a horizontal line in the daily time frame.
- Resistance @223.97 from a horizontal line in the daily 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 | 62.21 | 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) | 62.42 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests IWM has a positive trend. |
| Stochastics (14,3) | 86.96 | OVERBOUGHT | The high Stochastics value suggests IWM may be overbought. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for IWM suggests low volalility. |
| Average Directional Index/ADX (14) | 12.44 | 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)
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 |
|---|---|---|---|
| 216.14 | 206.80 | 9.34 (4.32%) | 23.14% |
| An entry @216.14. This is a Buy Stop order right above the resistance zone. | An exit @206.80. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 9.34 points, which is 4.32%. | For a 1.00% total portfolio risk, you can invest 23.14% 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.
215.79
+0.31 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.14%
1 Week1.9%
2 Weeks3.3%
1 Month5.23%
3 Month19.1%
6 Month-3.85%
12 Month7.43%
2 Year15.23%
3 Year27.42%
5 Year50.71%
10 Year72.83%
15 Year253.06%
Volatility
ATR(14)3.02
ATR(20)%1.39%
ATR Inc-26.22%
Range Today1.32
ADR(20)2.65
ADR(20)%1.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.21
Mansfield-0.65
10 Day High217.41
10 Day Low206.81
20 Day High217.41
20 Day Low202.67
52 Week High244.98
52 Week Low171.73
CS1 End214.99
CR1 Start216.13
Volume & EV
DER(3)0.67%
DER(5)-0.56%
Volume25.56M
Volume Incr-6.31%
Vol(5)31.81M
Vol(50)31.09M