DEFIANCE R2000 WEEKLY DISTRI (IWMY) Technical Analysis
NYSEARCA:IWMY • US88636J1390
Current stock price
IWMY Technical Rating and Analysis
Taking everything into account, IWMY scores 2 out of 10 in our technical rating. In the past year, IWMY was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 81% of all other stocks performed better in the past year than IWMY.
- IWMY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- IWMY is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
IWMY Weekly and Daily overview Charts
IWMY Setup Rating and Analysis
Although the technical rating is bad, IWMY does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 19.38, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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IWMY Support and Resistance Analysis
17.32
We found 2 important support areas.
- A support zone ranging from 18.82 to 19.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 17.49 to 17.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @19.53 from a trend line in the daily time frame.
- A resistance zone ranging from 20.68 to 20.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
IWMY 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 IWMY is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWMY is up. |
| ChartMill Relative Strength | 19.46 | NEGATIVE | IWMY has a low relative strength, it was outperformed by 80.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWMY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of IWMY is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IWMY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.17 | NEUTRAL | The RSI value for IWMY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests IWMY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.78 | OVERBOUGHT | The high Stochastics value suggests IWMY may be overbought. |
| Average True Range in percent/ATR (20) | 1.65 | LOW VOLATILITY | The low ATR as a percentage value for IWMY suggests low volalility. |
| Average Directional Index/ADX (14) | 23.09 | NEUTRAL | The ADX value for IWMY suggests a possible start of a new trend. |
IWMY Chart- and CandleStick Pattern Analysis
IWMY Technicals: Chart, Performance Metrics, Trend & Indicators
19.4793
+0.08 (+0.41%)
DEFIANCE R2000 WEEKLY DISTRI / IWMY TA FAQ
What is the ChartMill technical rating of DEFIANCE R2000 WEEKLY DISTRI (IWMY) stock?
ChartMill assigns a technical rating of 2 / 10 to IWMY.
What is the trend direction for IWMY stock?
The current trend direction for DEFIANCE R2000 WEEKLY DISTRI (IWMY) is Bearish.
What is the RSI signal for IWMY stock?
DEFIANCE R2000 WEEKLY DISTRI (IWMY) has an RSI value of 60.1746. This indicates that the stock is currently neutral.
What is the MACD signal for IWMY stock?
The MACD indicator for DEFIANCE R2000 WEEKLY DISTRI (IWMY) has a value of 0.103445, indicating a bearish trend.
Can you provide the support and resistance levels for DEFIANCE R2000 WEEKLY DISTRI?
DEFIANCE R2000 WEEKLY DISTRI (IWMY) has a support level at 19.38 and a resistance level at 19.53. Check the full technical report for our detailed analysis of IWMY support and resistance levels.