Trading Signals: IWM Stock Price Prediction and Forecast

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Tue. Jan. 17, 2006

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Thu. Jun. 13, 2024)

(iShares Russell 2000)
IWM latest price $70.0300 (-0.47%) ($69.5400 - $70.0500) on Tue. Jan. 17, 2006.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.96% (three month average)
RSI   63
Latest Price   $70.0300(-0.47%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Weekly Trend   IWM advances 2.3% a week on average for past two weeks.
Market Behavior   Normal for large cap. Normal for small cap.
Correlated ETFs   Broad market will support IWM advance at 0% a week (0% probability)
SPY(89%)    PEJ(83%)    XLY(83%)    QQQ(82%)    XLK(79%)
Factors Impacting IWM price   IWM will decline at least -0.48% in a week (0% probabilities).
TLT(-33%)    SHY(-20%)    TIP(-11%)    REMX(-1%)    GLD(5%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.48% (StdDev 0.96%)
Hourly BBV 0 ()
Intraday Trend 0.1%

5 Day Moving Average   $70.4(-0.53%)
10 Day Moving Average   $69.74(0.42%)
20 Day Moving Average   $68.63(2.04%)
To recent high   -0.9%
To recent low   12.6%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1
One Month Target Price   > $70.03
(if BBV positive, VIX trend negative.)
Correction Price   < $66.67

$. The price is -0.9% to new high. In the past, the price will move at least 10% above the recent low once it hits new high. Now it's -3% away from the target price of 70.03.
$. IWM price fluctuates within 1.97% (three month std-dev: 0.96%) daily (68% of days).

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