Weaker Buy Today IWM ranks #815 as BUY CANDIDATE #815 Stronger Buy

IWM stock forecast iShares Russell 2000

IWM stock forecast

Tuesday October 15, 2019 Change 1.15% Price $151.39
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell
Bullish vs. Bearish (68 opinions)
71%
29%
Social Sentiment -0.03

IWM Forecast and Technical Stock Analysis


Buy candidate since 2019-10-15 PDF

iShares Russell 2000 gained 1.15% in the last trading day ( Tuesday, 15th Oct 2019 ), rising from $149.67 to $151.39 During the day the stock fluctuated 1.56% from a day low at $149.79 to a day high of $152.13. The price has risen in 6 of the last 10 days and is up by 2.04% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 6.25 million more shares were traded than the day before. In total, 16.92 million shares bought and sold for approximately $2 561.25 million.

Quick summary:

  • 30 day high of the IWM stock price was $158.75 and low was $144.93.
  • 90 day high was $159.23 and low was $144.25.
  • 52 week high for iShares Russell 2000 - $161.11 and low - $125.81.
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Trend

iShares Russell 2000 lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.02% during the next 3 months and, with 90% probability hold a price between $140.24 and $153.67 at the end of this period.

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Signals

Only positive signals in the chart today. iShares Russell 2000 holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $148.78 and $151.29. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday October 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A buy signal from a double bottom formation was found on Tuesday October 08, 2019 and based on theory for this formation the price should go up by 14.67% to $161.31 within 25 trading days since signal was issued (Tuesday November 12, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 42 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

iShares Russell 2000 finds support from accumulated volume at $148.37.

Support: $148.37 Price: $151.39 Resistance: $154.29

Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.34 (1.56%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: $143.18 (-5.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

1.37 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

Evaluation

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 68 votes on StockTwits.

Weaker Buy Today IWM ranks #815 as BUY CANDIDATE #815 Stronger Buy
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