Taking everything into account, IWM scores 7 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.
Besides having an excellent technical rating, IWM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 248.85, a Stop Loss order could be placed below this zone.
More info and screens
223.16
We found 4 important support areas.
- A support zone ranging from 242.19 to 248.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 233.67 to 236.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @229.10 from a horizontal line in the daily time frame.
- 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 251.73 to 257.81. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 67.06 | 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) | 54.93 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests IWM has a negative trend. |
| Stochastics (14,3) | 29 | NEUTRAL | The Stochastics value for IWM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for IWM suggests low volalility. |
| Average Directional Index/ADX (14) | 14.76 | NEGATIVE | The low ADX value for IWM suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 251.74 | 246.69 | 5.05 (2.01%) | 25.00% |
| An entry @251.74. This is a Buy Stop order right above the 10 day moving average. | An exit @246.69. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.05 points, which is 2.01%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of IWM. Please evaluate whether better entry and exit points can be found.
- 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.
250.79
+2.08 (+0.84%)
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 54.9275. 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 -0.263667, 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 positive.