Russell 2000 ETF (IWM.US)

Close: 220.33 (+1.48), Sep 27, 2024
Positive

Low risk

chart Russell 2000 ETF (IWM) Candlesticks 22 Days
Candlesticks
chart Russell 2000 ETF (IWM) Short term
Short term: Positive
chart Russell 2000 ETF (IWM) Medium term
Medium term: Hold
chart Russell 2000 ETF (IWM) Long term
Long term: Positive
chart Russell 2000 ETF (IWM)
RSI - Relative Strength Index

Short term

Russell 2000 ETF is in a rising trend channel in the short term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock is testing support at dollar 220. This could give a positive reaction, but a downward breakthrough of dollar 220 means a negative signal. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 75)

Medium term

Russell 2000 ETF is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock is approacing resistance at 224 dollar, which may give a negative reaction. However, a break upwards through 224 dollar will be a positive signal. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 20)

Long term

Investors have paid higher prices over time to buy Russell 2000 ETF and the stock is in a rising trend channel in the long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has given a positive signal from the rectangle formation by a break up through the resistance at 198. Further rise to 242 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 200 dollar. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. The stock is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 95)


Overall analysis

Russell 2000 ETF is technically positive for the short and long term, and neutral for the medium term.

Recommendation one to six months: Positive (Score: 80)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.02%5 279.02+0.68%
5 days62.533.23%4 976.96-0.56%
22 days39.937.84%6 057.81+0.73%
66 days3.9214.81%6 999.23+9.86%
 


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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