ISHARES RUSSELL 2000 ETF (IWM)
US4642876555 - ETF
Taking everything into account, IWM scores 7 out of 10 in our technical rating. Although IWM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
IWM 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.
In the last month IWM has a been trading in the 192.90 - 209.77 range, which is quite wide. It is currently trading near the high of this range.
IWM has an average volume of 32118400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, IWM outperforms 63% of them, which is more or less in line with the market.
IWM has an excellent technical rating and also presents a decent setup pattern. 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 210.31. 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
163.27
212.41
4 important support areas can be observed.
- A support zone ranging from 201.61 to 202.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 198.09 to 198.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 189.48 to 193.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @164.92 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 210.31 to 210.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.05
Mansfield-0.37
10 Day High209.77
10 Day Low202.56
20 Day High209.77
20 Day Low192.9
52 Week High211.88
52 Week Low161.67
Performance
1 Week1.85%
2 Weeks3.06%
1 Month7.74%
3 Month3.18%
6 Month16.71%
12 Month18.15%
2 Year12.29%
3 Year-7.73%
5 Year42.66%
10 Year84.37%
15 Year314.75%
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)
Technical Indicators
MACD(12,26,9)0.94
RSI(14)61.42
LBB195.95
UBB211.84
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 |
|---|---|---|---|
| 210.32 | 202.55 | 7.77 (3.70%) | 25.00% |
| An entry @210.32. This is a Buy Stop order right above the resistance zone. | An exit @202.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.77 points, which is 3.70%. | For a 0.92% 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.
ISHARES RUSSELL 2000 ETF
NYSEARCA:IWM (5/17/2024, 7:07:15 PM)
After market: 208.13 +0.05 (+0.02%)208.08
+0.15 (+0.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.07%
1 Week1.85%
2 Weeks3.06%
1 Month7.74%
3 Month3.18%
6 Month16.71%
12 Month18.15%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)2.92
ATR(20)%1.43%
ATR Inc
Range Today1.17
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High209.77
10 Day Low202.56
20 Day High209.77
20 Day Low192.9
52 Week High211.88
52 Week Low161.67
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume35.22M
Volume Incr-3.31%
Vol(5)29.42M
Vol(50)32.12M