Weaker Buy Today IWM ranks #1028 as BUY CANDIDATE #1028 Stronger Buy

IWM stock forecast iShares Russell 2000

IWM stock forecast

Wednesday December 11, 2019 Change -0.03% Price $162.56
Your prediction: Prediction: Request
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
Bullish vs. Bearish (77 opinions)
83%
17%
Social Sentiment 0.14

IWM Forecast and Technical Stock Analysis


Buy candidate since 2019-12-04 Gain 1.11% PDF

iShares Russell 2000 fell by -0.03% in the last day ( Wednesday, 11th Dec 2019 ) from $162.61 to $162.56 During the day the stock fluctuated 0.70% from a day low at $161.95 to a day high of $163.08. The price has been going up and down for this period, and there has been a 0.54% gain for the last 2 weeks. Volume has increased in the last day by 5.34 million shares but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 18.54 million shares bought and sold for approximately $3 014.17 million.

Quick summary:

  • 30 day high of the IWM stock price was $163.41 and low was $157.19.
  • 90 day high was $163.41 and low was $144.93.
  • 52 week high for iShares Russell 2000 - $163.41 and low - $125.81.
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Trend

iShares Russell 2000 lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $164.37 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 7.02% during the next 3 months and, with 90% probability hold a price between $164.98 and $175.91 at the end of this period.

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Signals

iShares Russell 2000 holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $161.70 and $159.02. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday December 06, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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A sell signal from a double top formation was found on Friday December 06, 2019 and based on theory for this formation the price should fall by -4.69% to $158.14 within 6 trading days since signal was issued (Monday December 16, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 66 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 $158.10.

Support: $158.10 Price: $162.56 Resistance: $162.61

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 $1.13 (0.70%) between high and low. For the last week, the stock has had daily average volatility of 0.62%.

Our recommended stop-loss: $157.90 (-2.87%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 day(s) ago.)

0.62 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

Evaluation

Several short-term signals, along with a general good trend, are positive and 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.

Also 83% of user sentiment are positive to the stock. The sentiment is based upon 77 votes on StockTwits.

Weaker Buy Today IWM ranks #1028 as BUY CANDIDATE #1028 Stronger Buy
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