ISHARES RUSSELL 2000 VALUE E (IWN) Stock Technical Analysis
USA - NYSEARCA:IWN - US4642876308 - ETF
177.69 USD
-1.44 (-0.8%)
179.6 USD
+1.91 (+1.07%)
Overall IWN gets a technical rating of 8 out of 10. Although IWN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
IWN 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.
When comparing the performance of all stocks over the past year, IWN turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
In the last month IWN has a been trading in a tight range between 174.04 and 181.51.
Besides having an excellent technical rating, IWN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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.
More info and screens
151.15
183.17
When analyzing the support we can see 5 important areas.
- A support zone ranging from 171.78 to 173.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @168.87 from a trend line in the weekly time frame.
- Support @165.19 from a horizontal line in the daily time frame.
- A support zone ranging from 156.36 to 157.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @152.68 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 177.94 to 181.36. 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 IWN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for IWN is up. |
| ChartMill Relative Strength | 61 | NEUTRAL | IWN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IWN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.54 | NEUTRAL | The RSI value for IWN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests IWN has a negative trend. |
| Stochastics (14,3) | 53.98 | NEUTRAL | The Stochastics value for IWN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.39 | LOW VOLATILITY | The low ATR as a percentage value for IWN suggests low volalility. |
| Average Directional Index/ADX (14) | 36.18 | POSITIVE | The high ADX value value for IWN suggests a strong 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)
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 |
|---|---|---|---|
| 177.95 | 175.00 | 2.95 (1.66%) | 25.00% |
| An entry @177.95. This is a Buy Stop order right above the 10 day moving average. | An exit @175.00. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.95 points, which is 1.66%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of IWN. 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.
177.69
-1.44 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.8%
1 Week-0.2%
2 Weeks1.48%
1 Month0.12%
3 Month7.72%
6 Month29.37%
12 Month6.84%
2 Year39.47%
3 Year22.28%
5 Year72.53%
10 Year86.9%
15 Year176%
Volatility
ATR(14)2.26
ATR(20)%1.39%
ATR Inc-4.59%
Range Today2.6
ADR(20)2.27
ADR(20)%1.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61
Mansfield-0.24
10 Day High181.51
10 Day Low175.01
20 Day High181.51
20 Day Low174.04
52 Week High183.51
52 Week Low129.38
CS1 End173.01
CR1 Start177.94
Volume & EV
DER(3)1.01%
DER(5)-1.15%
Volume602.17K
Volume Incr-10.89%
Vol(5)556.03K
Vol(50)732.53K