SPDR Russell 2000 ETF (TWOK) Stock Technical Analysis
NYSEARCA:TWOK - NYSE Arca -
Taking everything into account, TWOK scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TWOK is showing a nice and steady performance.
Warning: TWOK has an average volume of 12440 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that TWOK is one of the better performing stocks in the market, outperforming 77% of all stocks. We also observe that the gains produced by TWOK over the past year are nicely spread over this period.
TWOK is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TWOK is leading the market.
TWOK 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month TWOK has a been trading in a tight range between 84.10 and 89.11.
Besides having an excellent technical rating, TWOK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 88.60. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
78.13
89.87
We found 4 important support areas.
- A support zone ranging from 86.44 to 87.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 82.22 to 84.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.38 from a trend line in the daily time frame.
- A support zone ranging from 78.92 to 78.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 88.60 to 88.98. 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 TWOK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TWOK is up. |
| ChartMill Relative Strength | 77.07 | POSITIVE | TWOK has a high relative strength, it outperformed 77.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TWOK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TWOK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TWOK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.79 | OVERBOUGHT | The high RSI value suggests TWOK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TWOK has a negative trend. |
| Stochastics (14,3) | 84.8 | OVERBOUGHT | The high Stochastics value suggests TWOK may be overbought. |
| Average True Range in percent/ATR (20) | 0.74 | LOW VOLATILITY | The low ATR as a percentage value for TWOK suggests low volalility. |
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 |
|---|---|---|---|
| 88.99 | 87.59 | 1.40 (1.57%) | 25.00% |
| An entry @88.99. This is a Buy Stop order right above the resistance zone. | An exit @87.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.40 points, which is 1.57%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
NYSEARCA:TWOK (10/13/2017, 8:04:05 PM)
88.43
-0.12 (-0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.14%
1 Week-0.28%
2 Weeks1.04%
1 Month5.15%
3 Month5.39%
6 Month12.04%
12 Month23.7%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%0.74%
ATR Inc-28.81%
Range Today0.59
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.07
Mansfield0.08
10 Day High89.12
10 Day Low87.6
20 Day High89.12
20 Day Low84.1
52 Week High89.12
52 Week Low68.25
CS1 End87.15
CR1 Start88.6
Volume & EV
DER(3)1.07%
DER(5)0.99%
Volume15.70K
Volume Incr181.42%
Vol(5)28.24K
Vol(50)12.44K