ISHARES RUSSELL 2000 ETF (IWM) Technical Analysis
NYSEARCA:IWM • US4642876555
Current stock price
IWM Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to IWM. Although IWM is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month IWM has a been trading in the 244.39 - 267.33 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, IWM did better than 70% of all other stocks.
- IWM is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so IWM is performing more or less in line with the market.
- IWM has an average volume of 43128800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
IWM Weekly and Daily overview Charts
IWM Setup Rating and Analysis
Although the technical rating is bad, IWM does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 246.01, a Stop Loss order could be placed below this zone.
More info and screens
IWM Support and Resistance Analysis
223.16
We found 3 important support areas.
- A support zone ranging from 246.01 to 247.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @233.67 from a horizontal line in the daily time frame.
- Support @225.41 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 250.65 to 260.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 265.77 to 269.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
IWM Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for IWM is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IWM is down. |
| ChartMill Relative Strength | 70.96 | POSITIVE | IWM has a high relative strength, it outperformed 70.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IWM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IWM is below a declining 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) | 35.46 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.24 | NEGATIVE | The MACD value suggests IWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.28 | OVERSOLD | The low Stochastics value suggests IWM may be oversold. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for IWM suggests some volalility. |
| Average Directional Index/ADX (14) | 28.99 | POSITIVE | The high ADX value value for IWM suggests a strong trend. |
IWM Chart- and CandleStick Pattern Analysis
IWM Technicals: Chart, Performance Metrics, Trend & Indicators
247.65
+1.63 (+0.66%)
ISHARES RUSSELL 2000 ETF / IWM TA FAQ
Can you provide the ChartMill technical rating for ISHARES RUSSELL 2000 ETF?
ChartMill assigns a technical rating of 2 / 10 to IWM.
What is the trend direction for IWM stock?
The current trend direction for ISHARES RUSSELL 2000 ETF (IWM) is Bearish.
What is the RSI signal for IWM stock?
ISHARES RUSSELL 2000 ETF (IWM) has an RSI value of 35.4563. This indicates that the stock is currently neutral.
What is the MACD signal for ISHARES RUSSELL 2000 ETF (IWM) stock?
The MACD indicator for ISHARES RUSSELL 2000 ETF (IWM) has a value of -1.23946, indicating a bearish trend.
Can you provide the short term momentum for ISHARES RUSSELL 2000 ETF?
The short term momentum for ISHARES RUSSELL 2000 ETF (IWM) is negative.