Trading Signals: IWM Stock Price Prediction and Forecast

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Fri. Jun. 30, 2023

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. Apr. 26, 2024)

(iShares Russell 2000)
IWM latest price $187.2700 (0.48%) ($186.9100 - $188.4340) on Fri. Jun. 30, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.18% (three month average)
RSI   50
Latest Price   $187.2700(0.48%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM advances 0.7% a day on average for past five trading days.
Weekly Trend   IWM declines -0.5% a week on average for past two weeks.
Market Behavior   Broad based rally for large cap. Growth stock rally for small cap.
Correlated ETFs   Broad market will support IWM advance at 0% a week (0% probability)
IWN(98%)    IWO(98%)    IWD(90%)    IFRA(89%)    PAVE(87%)
Factors Impacting IWM price   IWM will decline at least -0.59% in a week (0% probabilities).
VXX(-53%)    VIXM(-45%)    UUP(-38%)    TBT(-36%)    EDOC(-12%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.59% (StdDev 1.18%)
Hourly BBV 0.9 ()
Intraday Trend -0.5%

5 Day Moving Average   $184.41(1.55%)
10 Day Moving Average   $184.18(1.68%)
20 Day Moving Average   $184.21(1.66%)
To recent high   -0.4%
To recent low   9.9%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.3
One Month Target Price   > $190.83
(if BBV positive, VIX trend negative.)
Correction Price   < $179.57

$. The price is -0.4% 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 1.9% away from the target price of 190.83.
$. IWM price fluctuates within 1.31% (three month std-dev: 1.18%) daily (68% of days).

Sample size 12 Average positive next day return: 0.84%(42%) Average negative next day return: -2.21%(58%) Sample size 12 Average positive next three day return: 4.81%(50%) Average negative next three day return: -3%(50%) Sample size 12 Average positive next weekly return: 4.48%(50%) Average negative next weekly return: -3.31%(50%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20230730

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Jun_30_2023	179.7	184.21	184.18	184.41	184.76	186.69	187.27(0.48%)	UT	OpenLong	75	1.2	118	80	146	32	30.27	63%	-0.01	91.6	1.18%	0.9	1.3	50	1
2	Jun_29_2023	179.72	183.57	184.13	183.05	183.1	184.54	186.38(1.15%)	N/A	N/A	0	1.1	80	60	108	-4	32.05	63%	-0.04	54.8	1.18%	1.4	0.9	46	1
3	Jun_28_2023	179.79	183.06	184.22	182.44	181.92	182.83	184.26(0.49%)	N/A	N/A	0	0.5	29	30	48	-30	23.14	63%	-0.07	37.1	1.18%	1.2	0.3	51	1.2
4	Jun_27_2023	179.91	182.68	184.36	182.53	181.95	181.66	183.36(1.42%)	DP	OpenShort	-65	0.2	-1	-20	9	-29	28.79	63%	-0.06	35	1.18%	1.8	0.2	61	1.1
5	Jun_26_2023	180.02	182.26	184.54	182.88	182.55	181	180.79(0.19%)	DP	OpenShort	-75	-0.5	-79	-60	-87	-56	31.48	61%	-0.09	33.5	1.17%	-0.3	-0.3	50	1

6	Jun_23_2023	180.19	182.04	185.14	183.91	183.51	182.24	180.45(-1.57%)	DT	OpenShort	-75	-0.8	-105	-50	-130	-30	50.48	61%	-0.11	38.1	1.18%	-1.9	-0.4	62	1.1
7	Jun_22_2023	180.38	181.92	185.86	185.31	185	184.1	183.33(-0.74%)	N/A	N/A	0	-0.4	-26	-40	-54	57	27.04	57%	-0.06	48.5	1.17%	-1.1	0.3	70	1.4
8	Jun_21_2023	180.49	181.67	186	186.23	185.67	184.78	184.7(-0.23%)	N/A	N/A	0	-0.3	-27	-40	-65	87	30.57	60%	-0.04	55	1.22%	0.2	0.6	68	1.3
9	Jun_20_2023	180.56	181.25	185.57	186.45	186.36	185.9	185.13(-0.44%)	UD	OpenLong	65	-0.3	6	-20	-30	114	33.23	60%	-0.06	59.5	1.24%	-0.7	0.8	67	1.2
10	Jun_16_2023	180.67	180.85	185.3	186.43	186.5	186.56	185.94(-0.8%)	UD	OpenLong	65	-0.1	32	0	-4	141	50.67	57%	-0.02	64.4	1.29%	-1	1	71	1.6

11	Jun_15_2023	180.7	180.35	184.35	186.55	186.18	186.83	187.44(-0.26%)	UD	OpenLong	75	0.2	49	20	14	154	36.49	54%	-0.03	68.6	1.29%	0	1.4	70	1.2
12	Jun_13_2023	180.76	179.59	183.05	186.51	186.22	186.44	187.93(1.15%)	UT	OpenLong	75	0.3	75	0	47	160	35.72	54%	0	69	1.32%	1.5	1.7	66	1.3
13	Jun_12_2023	180.76	178.91	181.81	185.78	185.93	185.54	185.8(0.42%)	UT	OpenLong	75	0	44	-10	14	132	26.57	54%	0.01	70.8	1.33%	0.6	1.5	62	1.4
14	Jun_9_2023	180.75	178.24	180.85	184.54	185.01	186	185.03(-0.81%)	UD	OpenLong	75	0.1	47	50	23	117	30.22	47%	0.02	63.7	1.38%	-1.6	1.5	64	1.7
15	Jun_8_2023	180.72	177.63	179.78	183.94	183.66	186.32	186.54(-0.37%)	UD	OpenLong	75	0.6	135	100	132	145	34.03	47%	0.02	66	1.42%	0.6	2.1	64	2

16	Jun_7_2023	180.69	176.99	178.63	181.76	182.04	184.02	187.24(1.59%)	UT	OpenLong	75	1.4	177	80	189	139	60.62	47%	0	61.7	1.42%	1.3	2.7	66	2.2
17	Jun_6_2023	180.69	176.26	177.55	179.07	179.14	181	184.31(2.63%)	UT	OpenLong	75	1.8	85	70	88	76	58.48	43%	0.02	55.9	1.41%	1.7	2.7	69	2.4
18	Jun_5_2023	180.65	175.71	176.85	177.3	177.24	180.05	179.58(-1.34%)	UD	OpenLong	75	1	115	110	128	76	36.06	39%	-0.04	48.5	1.38%	0.4	1.6	58	2.3
19	Jun_2_2023	180.73	175.44	176.48	176.62	176.23	177.29	182.02(3.63%)	UT	OpenLong	75	2.5	127	40	142	81	50.19	41%	-0.02	41.9	1.38%	1.8	3	65	2.2
20	Jun_1_2023	180.77	174.84	175.92	175.05	175.05	174.43	175.65(1.08%)	N/A	N/A	0	0.3	-20	-20	-27	2	27.77	35%	-0.04	18.9	1.3%	1	0.4	56	2

21	May_31_2023	180.84	174.69	175.97	175.03	174.99	175.17	173.77(-0.99%)	N/A	N/A	0	-0.7	-26	10	-35	2	34.5	35%	-0.04	20.2	1.31%	-1.1	-0.5	50	1.2
22	May_30_2023	180.91	174.6	175.89	175.76	175.41	175.67	175.5(-0.37%)	UD	OpenLong	75	-0.1	20	0	16	31	25.52	35%	0.01	26.1	1.32%	0.5	0.4	55	1.3
23	May_26_2023	180.9	174.58	175.83	176.31	175.95	174.81	176.15(1.14%)	N/A	N/A	0	-0.1	-13	-50	-26	25	29.73	35%	0.02	30.4	1.29%	1.5	0.8	55	0.8
24	May_25_2023	180.87	174.52	175.52	176.3	176.52	175.14	174.17(-0.78%)	DT	OpenShort	-75	-1.1	-74	-50	-97	-6	36.06	35%	-0.01	25.2	1.29%	-0.9	-0.2	50	0.2
25	May_24_2023	180.89	174.5	175.45	176.9	177.22	177.09	175.54(-1.06%)	N/A	N/A	0	-0.7	-18	0	-35	34	28.58	35%		24.8	1.3%	-1.2	0.5	63	-0.2
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

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