NEOS RUSSELL 2000 HIGH INC (IWMI) Technical Analysis
NYSEARCA:IWMI • US78433H6348
Current stock price
IWMI Technical Rating and Analysis
Taking everything into account, IWMI scores 0 out of 10 in our technical rating. IWMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, IWMI is a bad performer in the overall market: 62% of all stocks are doing better.
- In the last month IWMI has a been trading in the 46.98 - 50.65 range, which is quite wide. It is currently trading near the lows of this range.
- IWMI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IWMI is lagging the market slightly.
IWMI Weekly and Daily overview Charts
IWMI Setup Rating and Analysis
IWMI has a poor technical rating and the quality of the setup is also not perfect 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.
More info and screens
IWMI Support and Resistance Analysis
44.49
We found 3 important support areas.
- Support @47.00 from a horizontal line in the daily time frame.
- Support @46.00 from a horizontal line in the daily time frame.
- Support @44.94 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @47.13 from a trend line in the daily time frame.
- A resistance zone ranging from 49.08 to 51.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
IWMI 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 | DOWN | NEGATIVE | The long term trend for IWMI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IWMI is down. |
| ChartMill Relative Strength | 38.21 | NEUTRAL | IWMI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IWMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IWMI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of IWMI is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.99 | NEUTRAL | The RSI value for IWMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests IWMI has a negative trend. |
| Stochastics (14,3) | 20.34 | NEUTRAL | The Stochastics value for IWMI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for IWMI suggests low volalility. |
| Average Directional Index/ADX (14) | 34.33 | POSITIVE | The high ADX value value for IWMI suggests a strong trend. |
IWMI Chart- and CandleStick Pattern Analysis
IWMI Technicals: Chart, Performance Metrics, Trend & Indicators
47.01
-1.31 (-2.71%)
NEOS RUSSELL 2000 HIGH INC / IWMI TA FAQ
What is the technical rating for IWMI stock?
ChartMill assigns a technical rating of 0 / 10 to IWMI.
What is the trend direction for IWMI stock?
The current trend direction for NEOS RUSSELL 2000 HIGH INC (IWMI) is Bearish.
Can you provide the RSI signal for NEOS RUSSELL 2000 HIGH INC?
NEOS RUSSELL 2000 HIGH INC (IWMI) has an RSI value of 32.9914. This indicates that the stock is currently neutral.
What is the MACD signal for NEOS RUSSELL 2000 HIGH INC (IWMI) stock?
The MACD indicator for NEOS RUSSELL 2000 HIGH INC (IWMI) has a value of -0.197851, indicating a bearish trend.
Can you provide the short term momentum for NEOS RUSSELL 2000 HIGH INC?
The short term momentum for NEOS RUSSELL 2000 HIGH INC (IWMI) is negative.