NEOS RUSSELL 2000 HIGH INC (IWMI) Stock Technical Analysis
NYSEARCA:IWMI - NYSE Arca - US78433H6348 - ETF - Currency: USD
Taking everything into account, IWMI scores 0 out of 10 in our technical rating. IWMI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, IWMI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 42.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.64, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for IWMI 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.
More info and screens
40.96
We found 1 important support area.
- A support zone ranging from 41.37 to 41.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 42.56 to 42.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @47.29 from a trend line in the daily time frame.
- A resistance zone ranging from 49.69 to 50.08. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @52.69 from a horizontal line in the daily time frame.
NYSEARCA:IWMI (4/28/2025, 3:28:31 PM)
42.49
-0.06 (-0.14%)