Trading Signals: IWM Stock Price Prediction and Forecast

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Tue. Aug. 25, 2009

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

(iShares Russell 2000)
IWM latest price $58.3800 (0.43%) ($58.2000 - $59.0700) on Tue. Aug. 25, 2009.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.67% (three month average)
RSI   58
Latest Price   $58.3800(0.43%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM advances 1% a day on average for past five trading days.
Weekly Trend   IWM advances 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(89%)    PEJ(85%)    XLY(81%)    QQQ(79%)    EWG(76%)
Factors Impacting IWM price   IWM will decline at least -0.835% in a week (0% probabilities).
TLT(-32%)    SHY(-12%)    TIP(-6%)    IGOV(4%)    GLD(6%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.835% (StdDev 1.67%)
Hourly BBV 0 ()
Intraday Trend -0%

5 Day Moving Average   $57.55(1.44%)
10 Day Moving Average   $56.96(2.49%)
20 Day Moving Average   $56.63(3.09%)
To recent high   0%
To recent low   22%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.7
One Month Target Price   > $58.38
(if BBV positive, VIX trend negative.)
Correction Price   < $53.51

$. The price is 0% 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 -5.3% away from the target price of 58.38.
$. IWM price fluctuates within 1.82% (three month std-dev: 1.67%) daily (68% of days).

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