ISHARES RUSSELL MID-CAP GROW (IWP) Stock Technical Analysis
USA - NYSEARCA:IWP - US4642874816 - ETF
Overall IWP gets a technical rating of 5 out of 10. IWP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, IWP does present a nice setup opportunity. 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 144.03. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 142.51, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IWP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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104.64
We found 3 important support areas.
- A support zone ranging from 137.51 to 142.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @108.57 from a horizontal line in the weekly time frame.
- Support @105.70 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 144.03 to 145.27. This zone is formed by a combination of multiple trend lines 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 IWP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IWP is neutral. |
| ChartMill Relative Strength | 67.96 | NEUTRAL | IWP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of IWP is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of IWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.16 | NEUTRAL | The RSI value for IWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests IWP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 53.76 | NEUTRAL | The Stochastics value for IWP is a neutral value. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for IWP suggests low volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for IWP suggests a possible start of a new trend. |
143.47
+0.88 (+0.62%)