Trading Signals: IWM Stock Price Prediction and Forecast

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Tue. Mar. 20, 2012

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Tue. Jun. 4, 2024)

(iShares Russell 2000)
IWM latest price $82.9500 (-0.9%) ($82.5800 - $83.3000) on Tue. Mar. 20, 2012.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.96% (three month average)
RSI   58
Latest Price   $82.9500(-0.9%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Weekly Trend   IWM advances 1.7% 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(87%)    PEJ(83%)    XAR(78%)    XLY(78%)    QQQ(77%)
Factors Impacting IWM price   IWM will decline at least -0.48% in a week (0% probabilities).
TLT(-25%)    SHY(-7%)    IGOV(-5%)    TIP(0%)    GLD(4%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.48% (StdDev 0.96%)
Hourly BBV 0 ()
Intraday Trend -0.2%

5 Day Moving Average   $83.02(-0.08%)
10 Day Moving Average   $82.19(0.92%)
20 Day Moving Average   $81.76(1.46%)
To recent high   -0.9%
To recent low   13%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   0.9
One Month Target Price   > $82.95
(if BBV positive, VIX trend negative.)
Correction Price   < $78.97

$. 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 -3.4% away from the target price of 82.95.
$. IWM price fluctuates within 1.57% (three month std-dev: 0.96%) daily (68% of days).

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