Trading Signals: IWM Stock Price Prediction and Forecast

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Wed. Dec. 6, 2006

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Mon. Jun. 17, 2024)

(iShares Russell 2000)
IWM latest price $79.1100 (-0.34%) ($78.7900 - $79.4900) on Wed. Dec. 6, 2006.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.94% (three month average)
RSI   52
Latest Price   $79.1100(-0.34%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM advances 0.3% a day on average for past five trading days.
Weekly Trend   IWM advances 0.1% 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(90%)    PEJ(83%)    XLY(83%)    QQQ(82%)    XLK(79%)
Factors Impacting IWM price   IWM will decline at least -0.47% in a week (0% probabilities).
TLT(-34%)    SHY(-21%)    TIP(-12%)    GLD(4%)    LQD(14%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.47% (StdDev 0.94%)
Hourly BBV 0 ()
Intraday Trend -0.1%

5 Day Moving Average   $78.73(0.48%)
10 Day Moving Average   $78.33(1%)
20 Day Moving Average   $78.05(1.36%)
To recent high   -0.3%
To recent low   12.5%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1
One Month Target Price   > $79.11
(if BBV positive, VIX trend negative.)
Correction Price   < $75.39

$. The price is -0.3% 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 -3.1% away from the target price of 79.11.
$. IWM price fluctuates within 1.32% (three month std-dev: 0.94%) daily (68% of days).

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