NEOS RUSSELL 2000 HIGH INC (IWMI) Stock Technical Analysis
USA - NYSEARCA:IWMI - US78433H6348 - ETF
47.98 USD
-1.12 (-2.28%)
47.8 USD
-0.18 (-0.38%)
Overall IWMI gets a technical rating of 5 out of 10. In the last year, IWMI was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
65% of all other stocks performed better in the past year than IWMI.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
IWMI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so IWMI is lagging the market.
In the last month IWMI has a been trading in a tight range between 47.81 and 49.65.
IWMI 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.
More info and screens
44.33
51.01
3 important support areas can be observed.
- A support zone ranging from 47.61 to 47.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.00 to 46.38. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 44.78 to 44.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- Resistance @48.01 from a trend line in the daily time frame.
- A resistance zone ranging from 48.79 to 49.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @50.50 from a horizontal line in the daily time frame.
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 IWMI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IWMI is neutral. |
| ChartMill Relative Strength | 35.72 | 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) | UP | POSITIVE | The current price of IWMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of IWMI is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.86 | NEUTRAL | The RSI value for IWMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests IWMI has a negative trend. |
| Stochastics (14,3) | 54.17 | NEUTRAL | The Stochastics value for IWMI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.12 | LOW VOLATILITY | The low ATR as a percentage value for IWMI suggests low volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for IWMI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
47.98
-1.12 (-2.28%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-2.28%
1 Week-2.42%
2 Weeks-0.97%
1 Month-0.66%
3 Month3.45%
6 Month17.25%
12 Month-6.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%1.12%
ATR Inc96.27%
Range Today1.38
ADR(20)0.48
ADR(20)%1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.72
Mansfield-0.71
10 Day High49.49
10 Day Low47.95
20 Day High49.65
20 Day Low47.81
52 Week High53.81
52 Week Low38
CS1 End47.97
CR1 Start48.01
Volume & EV
DER(3)-0.39%
DER(5)-3.34%
Volume194.40K
Volume Incr-8.8%
Vol(5)165.58K
Vol(50)159.81K