Trading Signals: IWM Stock Price Prediction and Forecast

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Mon. May. 1, 2017

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Wed. Jun. 5, 2024)

(iShares Russell 2000)
IWM latest price $139.8600 (0.58%) ($138.7800 - $140.2900) on Mon. May. 1, 2017.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.85% (three month average)
RSI   63
Latest Price   $139.8600(0.58%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM advances 0.1% a day on average for past five trading days.
Weekly Trend   IWM advances 1.8% a week on average for past two weeks.
Market Behavior   Growth stock rally for large cap. Broad based rally for small cap.
Correlated ETFs   Broad market will support IWM advance at 0% a week (0% probability)
IWN(97%)    IWO(97%)    IWC(95%)    IWD(90%)    PAVE(89%)
Factors Impacting IWM price   IWM will decline at least -0.425% in a week (0% probabilities).
VIXM(-21%)    TLT(-20%)    UUP(-17%)    SHY(-4%)    IGOV(-4%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.425% (StdDev 0.85%)
Hourly BBV 0 ()
Intraday Trend 0.2%

5 Day Moving Average   $140.23(-0.26%)
10 Day Moving Average   $138.69(0.84%)
20 Day Moving Average   $137.11(2.01%)
To recent high   -0.8%
To recent low   4.6%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.3
One Month Target Price   > $145.31
(if BBV positive, VIX trend negative.)
Correction Price   < $139.13

$. The price is -0.8% 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 3.9% away from the target price of 145.31.
$. IWM price fluctuates within 1.59% (three month std-dev: 0.85%) daily (68% of days).

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