ISHARES RUSSELL 2000 ETF (IWM)       180.07  -2.8 (-1.53%)

180.07  -2.8 (-1.53%)

US4642876555 - ETF - After market: 180.17 +0.1 (+0.06%)

Technical Rating

5

Overall IWM gets a technical rating of 5 out of 10. 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.



IWM has an average volume of 27885200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
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 46% of all stocks.
In the last month IWM has a been trading in the 174.28 - 189.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
IWM is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.

Statistics

1 Month 3 Months 6 Months 12 Months 0.32% -3.91% 0.83% -18.12% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 46.8 162.5 - 227.13
IWM Weekly chart
IWM Daily chart

Support/Resistance Analysis


162.25

204.35
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 175.57 to 177.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A support zone ranging from 163.89 to 165.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • A resistance zone ranging from 181.23 to 184.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 189.67 to 193.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 200.37 to 202.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

3

IWM has an average technical rating and it also does not offer a high quality setup 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.


IWM Daily chart

ISHARES RUSSELL 2000 ETF180.07

NYSEARCA:IWM (12/6/2022, 7:04:00 PM)-2.8 (-1.53%)

After market: 180.17 +0.1 (+0.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A
Performance
Today -1.53% 1 Week -1.26%
2 Weeks -1.47% 1 Month 0.32%
3 Month -3.91% 6 Month 0.83%
Volatility
ATR(14) 3.52 ATR(20)% 2.26%
ATR Inc 44.14% Range Today 3.9
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 46.8 Mansfield -0.02
10 Day High 189.24 10 Day Low 179.08
20 Day High 189.56 20 Day Low 174.28
52 Week High 227.13 52 Week Low 162.5
CS1 End 177.54 CR1 Start 181.23
Volume & EV
DER(3) 0.03% DER(5) 0.72%
Volume 18.50M Volume Incr -3.32%
Vol(5) 23.31M Vol(50) 27.89M

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