ISHARES RUSSELL 2000 ETF (IWM) Stock Technical Analysis
USA - NYSEARCA:IWM - US4642876555 - ETF
245.06 USD
-5.27 (-2.11%)
244.25 USD
-0.81 (-0.33%)
Taking everything into account, IWM scores 8 out of 10 in our technical rating. Although IWM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
IWM 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 IWM has a been trading in the 237.55 - 252.77 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 36894700 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 69% of all stocks.
Volume is considerably higher in the last couple of days.
IWM has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 243.88, a Stop Loss order could be placed below this zone.
More info and screens
212.76
252.84
We found 4 important support areas.
- A support zone ranging from 233.67 to 243.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @228.86 from a trend line in the daily time frame.
- Support @224.52 from a horizontal line in the daily time frame.
- A support zone ranging from 214.91 to 214.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 245.41 to 245.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @250.34 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 | 69.8 | 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) | 54.12 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests IWM has a negative trend. |
| Stochastics (14,3) | 73.05 | NEUTRAL | The Stochastics value for IWM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for IWM suggests low volalility. |
| Average Directional Index/ADX (14) | 22.11 | NEUTRAL | The ADX value for IWM suggests a possible start of a new 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)
245.06
-5.27 (-2.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.11%
1 Week-0.03%
2 Weeks0.43%
1 Month0.09%
3 Month10.22%
6 Month31.41%
12 Month8.6%
2 Year48.95%
3 Year33.67%
5 Year60.08%
10 Year112.47%
15 Year248.59%
Volatility
ATR(14)4.71
ATR(20)%1.75%
ATR Inc52.95%
Range Today7.26
ADR(20)3.97
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.8
Mansfield0.15
10 Day High252.77
10 Day Low237.56
20 Day High252.77
20 Day Low237.55
52 Week High252.77
52 Week Low171.73
CS1 End243.88
CR1 Start245.41
Volume & EV
DER(3)-0.96%
DER(5)-1.18%
Volume52.74M
Volume Incr30.71%
Vol(5)50.06M
Vol(50)36.89M