ISHARES RUSSELL 2000 ETF (IWM) Stock Technical Analysis
NYSEARCA:IWM • US4642876555
Taking everything into account, IWM scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that IWM is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by IWM over the past year are nicely spread over this period.
- 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.
- IWM has an average volume of 38279400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month IWM has a been trading in a tight range between 255.05 and 268.96.
Besides having an excellent technical rating, IWM also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 263.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 262.90, 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 258.26 to 262.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @242.49 from a trend line in the daily time frame.
- A support zone ranging from 233.67 to 235.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @225.41 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 263.37 to 269.80. 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 | NEUTRAL | NEUTRAL | The short term trend for IWM is neutral. |
| ChartMill Relative Strength | 72.22 | POSITIVE | IWM has a high relative strength, it outperformed 72.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IWM is above a declining 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) | 52.29 | NEUTRAL | The RSI value for IWM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests IWM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.79 | NEUTRAL | The Stochastics value for IWM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for IWM suggests some volalility. |
| Average Directional Index/ADX (14) | 11.67 | 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 |
|---|---|---|---|
| 269.81 | 258.25 | 11.56 (4.28%) | 23.34% |
| An entry @269.81. This is a Buy Stop order right above the resistance zone. | An exit @258.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 11.56 points, which is 4.28%. | For a 1.00% total portfolio risk, you can invest 23.34% 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.
263.33
+2.84 (+1.09%)
ISHARES RUSSELL 2000 ETF / IWM FAQ
Can you provide the ChartMill technical rating for ISHARES RUSSELL 2000 ETF?
ChartMill assigns a technical rating of 7 / 10 to IWM.
What is the trend direction for IWM stock?
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 52.2893. 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 -0.436285, 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 neutral.