Trading Signals: IWM Stock Price Prediction and Forecast

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Thu. Feb. 25, 2021

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Thu. Feb. 25, 2021)

(iShares Russell 2000)
IWM latest price $218.5800 (-3.73%) ($218.0100 - $227.5850) on Thu. Feb. 25, 2021.

Trend Analysis and Forecast

Trend Pattern   Correction
Trend Narrative   Correction
Average Daily Price Swing   $6.72 (3.04% one month average)
Average Daily Percentage Swing   1.39% (three month average)
Weekly Trend Force   -0.2% (StdDev 1.39%)
Daily Moving Force   0.2%
Rebound Strength   None(0%)
Trend   0.02%
Trend Strength   1.3%
RSI   53
Momentum   2.2
Latest Price   $218.5800(-3.73%)
Forecasted Low Price   217.71(-0.4%)
Forecasted High Price   223.39(2.2%)
Direction of Next Movement   Higher(1.4%)
% Change Needed to Confirm Rebound   4.8% ((228.98))
% Change Needed for Trend Reversal   3.2%
Hourly Trend 0.5% [$223.72(1.21), $222.98(-0.32)]
Stocks Behave Similarly   Similar Stock List
Complacency   3
Intraday Reversal Probability   N/A.
Daily Trend   IWM declines -0.2% a day on average for past five trading days.
Weekly Trend   IWM declines -0.4% a week on average for past two weeks.
Market Behavior   Broad based sell-off for large cap. Broad based sell-off for small cap.
Correlated ETFs   Broad market will support IWM decline at-0.1% a week (95% probability)
IWO(98%)    IWN(95%)    VFMO(92%)    DRIV(91%)    XAR(90%)
Factors Impacting IWM price   IWM will decline at least -0.4% in a week (52% probabilities).
VXX(-73%)    VIXM(-57%)    CNCR(-22%)    UUP(-15%)    XRT(-14%)
Trading Plan   Not Available

Valuation to SPY 0.2

Relative Volatility 0.4 (options are faily valued)

Market Trend Strength   -0.7% (StdDev 1.39%)
Hourly BBV -1.4 ()
Intraday Trend -3.6%

Next Day Open Price   $218.01(-0.26%)
Inflection Point   Yes
5 Day Moving Average   $223.25(-2.09%)
10 Day Moving Average   $223.96(-2.4%)
20 Day Moving Average   $221.08(-1.13%)
To recent high   -4.3%
To recent low   20.7%
Market Cap   $N/A

Option Sentiment

One Year Target Price    $226.97 (3.84%)

$. Technical analysis works only if the market conditions in the future are not drastically different from the past. Always read market news to understand the causes of the price movement before making a trading decision. News

$. IWM price fluctuates within 3.04% (three month std-dev: 1.39% one year average std_dev: 0%) daily (68% of days).
$. IWM price fluctuates within 0% weekly (one year average std_dev: %).

Analysis News Options Weekly Chart Daily Chart Hourly Chart 15 Minute Chart

i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low
1	Feb_25_2021	221.08 (0.2%)	223.96 (-0%)	223.25 (-0.2%)	222.98	223.72(0%)	218.58(-3.73%)	218.01-227.59	0.4(-0.4)	-1.4	0.2%	-0.2%	0%	0.02%	1.3%	53	2.2	Correction	Higher(1.9%)	3	0.2	0.5	Correction	216.53(-0.94%)	215.92-218.91	49.1	-4.3%-20.7%
2	Feb_24_2021	220.7 (0.2%)	224.83 (0%)	223.65 (0.3%)	223.3	222.51(0%)	227.04(2.38%)	221.71-227.45	0.6(0.9)	1.2	0.2%	0.1%	0%	0.1%	1.9%	70	2.5	Growing Uptrend	Range(0.3%)	3	1	1.1	N/A	226.52(-0.23%)	223.17-229.25	27.29	-0.6%-25.4%
3	Feb_23_2021	220.01 (0.2%)	224.9 (0.2%)	223.06 (-0.4%)	222.45	222.23(0%)	221.76(-0.88%)	215.56-222.98	0.5(0.2)	-0.5	-0.6%	-0.1%	0%	0.16%	2.2%	66	2.5	Downtrend Reversal	Range(-0.3%)	4	0.3	1.5	Uptrend Consolidation	221.25(-0.23%)	220.68-222.96	38.38	-2.9%-22.6%
4	Feb_22_2021	219.67 (0.2%)	225.48 (0.4%)	223.87 (-0.3%)	223.21	224.09(0%)	223.73(-0.63%)	222.98-226.39	0.7(0.6)	-0.1	0.1%	0.1%	0%	0.3%	2.6%	73	2.6	Growing Uptrend	Range(0.5%)	5	1	1.7	Uptrend Consolidation	223.17(-0.25%)	222.26-225.93	22.9	-2%-23.7%
5	Feb_19_2021	219.23 (0.2%)	225.33 (0.6%)	224.58 (-0.1%)	224.03	222.67(0%)	225.14(2.06%)	222.17-226.3	0.8(0.8)	0.3	%	0.3%	0%	0.44%	2.8%	80	2.6	Correction	Range(0.3%)	5	1	1.9	Uptrend	228.16(1.34%)	224.03-229.93	30.46	-1.4%-27%

6	Feb_18_2021	218.6 (0.2%)	224.75 (0.6%)	224.87 (-0.6%)	224.62	222.32(0%)	220.59(-1.55%)	219.39-222.9	1(0.3)	-1.5	-1%	0.2%	0%	0.52%	2.8%	70	2.6	Confirmed Correction	Range(-0%)	6	-0.2	1.9	Uptrend	224.27(1.67%)	220.23-226.01	24.39	-3.4%-25.4%
7	Feb_17_2021	218.3 (0.4%)	224.27 (0.8%)	226.13 (-0.4%)	225.99	225.39(0%)	224.06(-0.78%)	220.96-224.74	1.3(0.8)	-1.2	-0.6%	0.4%	0%	0.62%	2.7%	74	2.6	Confirmed Correction Correction	Range(0.2%)	7	0.5	2.1	Uptrend	228.38(1.93%)	222.95-230.7	25.04	-1.9%-27.3%
8	Feb_16_2021	217.75 (0.4%)	223.32 (0.8%)	226.99 (-0.1%)	227.16	226.91(0%)	225.83(-0.63%)	224.79-229.63	1.6(1.1)	-1.2	%	0.6%	0%	0.68%	2.6%	67	2.6	Uptrend Dip	Higher(0.9%)	8	0.9	2	After Top	230.23(1.95%)	221.41-237.44	22.48	-1.1%-28.3%
9	Feb_12_2021	216.99 (0.4%)	221.89 (0.8%)	227.29 (0.5%)	227.26	226.59(0%)	227.26(0.28%)	224.64-227.74	1.9(1.5)	0.9	-0.1%	0.8%	0%	0.7%	2.3%	66	2.5	Uptrend	Higher(0.7%)	8	1.4	2.1	Growing Uptrend	233.35(2.68%)	225.62-235.29	17.24	-0.5%-33.7%
10	Feb_11_2021	216.27 (0.4%)	219.81 (0.6%)	226.17 (0.7%)	227.04	227.4(0%)	226.62(-0.11%)	223.42-229	2.2(1.6)	2	0.2%	0.7%	-1.7%	0.62%	1.6%	65	2.3	Growing Uptrend Correction	Lower(-3%)	8	1.7	2.2	Growing Uptrend	231.49(2.15%)	224.9-233.14	25.7	-0.8%-33.3%

11	Feb_10_2021	215.4 (0.4%)	218.04 (0.6%)	224.57 (1.1%)	225.54	227.94(0%)	226.88(-0.66%)	224.95-230.32	2.3(1.9)	3.6	0.9%	0.7%	-1.95%	0.54%	1.2%	68	2.2	Uptrend Dip	Lower(-3.3%)	7	2	2.2	Relative Overbought	229.08(0.97%)	221-235.7	27.83	-0.7%-33.5%
12	Feb_9_2021	214.57 (0.4%)	216.25 (0.4%)	222.04 (1.4%)	222.77	226.67(0%)	228.38(0.47%)	226.31-229.62	2.3(2.5)	2.6	1.5%	0.7%	-1.95%	0.42%	0.8%	66	2	Overbought	Lower(-3.2%)	6	2.7	2	Approaching Top	228.65(0.12%)	220.74-235.12	19.43	0%-34.7%
13	Feb_8_2021	213.48 (0.4%)	214.62 (0.2%)	219.09 (1.6%)	219.19	223.14(0%)	227.31(2.55%)	223.4-227.33	2(2.9)	3.1	1.7%	0.6%	-0.4%	0.32%	0.5%	66	1.7	Overbought	Range(-0.1%)	6	2.9	1.8	Growing Uptrend	229.26(0.86%)	224.75-230.38	20.66	0%-34.1%
14	Feb_5_2021	212.45 (0.4%)	213.2 (0.2%)	215.75 (1.5%)	216.05	218.87(0%)	221.65(1.39%)	218.77-221.84	1.5(2.5)	2.7	1.5%	0.4%	0%	0.22%	0.4%	65	1.3	Breakout	Higher(1.9%)	5	1.8	1.7	Growing Uptrend	222.74(0.49%)	220.09-223.41	22.73	0%-35.5%
15	Feb_4_2021	211.75 (0.4%)	212.42 (-0%)	212.53 (0.9%)	213.1	215.24(0%)	218.62(2.04%)	215.08-218.83	0.9(2.2)	3	1%	0.3%	0%	0.1%	0.3%	55	1.1	Breakout	Higher(1.3%)	4	1.2	1.5	Growing Uptrend	219.04(0.19%)	217.39-219.44	24.97	0%-36.3%

16	Feb_3_2021	211.04 (0.4%)	211.73 (-0%)	210.55 (0.5%)	210.83	213.24(0%)	214.25(0.3%)	211.59-214.74	0.4(1)	1.4	0.8%	0.1%	0%	0.04%	0.3%	57	1.1	Growing Uptrend	Higher(0.9%)	4	0.7	1.7	N/A	213.78(-0.22%)	212.36-214.96	23.23	-0.3%-33.7%
17	Feb_2_2021	210.21 (0.4%)	211.69 (-0.2%)	209.57 (0%)	209.92	210.97(0%)	213.61(1.42%)	210.89-214.05	0.2(0.8)	1.2	0.7%	0.2%	0%	0%	0.7%	53	1.5	Uptrend Reversal	Higher(0.9%)	4	0.7	1.4	Correction	212.26(-0.63%)	210.96-213.83	22.56	-0.6%-37.1%
18	Feb_1_2021	209.27 (0.2%)	211.63 (-0%)	209.51 (-0.4%)	209.14	208.42(0%)	210.61(2.46%)	205.76-211.57	0.1(0.2)	0	-0.4%	0.1%	0%	0.04%	1.1%	56	1.9	Downtrend Reversal	Range(-0.3%)	4	0.7	1.1	Correction	210.13(-0.23%)	209.49-210.89	25.55	-2%-35.2%
19	Jan_29_2021	208.6 (0.2%)	211.67 (-0%)	210.35 (-0.9%)	210.57	208.87(0%)	205.56(-1.51%)	204.84-210.99	0.2(-0.5)	-2.9	-0.7%	-0.2%	0%	0.08%	1.5%	49	2	Downtrend Reversal	Range(-0.1%)	5	0.5	0.2	Correction	204.33(-0.6%)	203.88-206.12	40.18	-4.4%-34.3%
20	Jan_28_2021	208.22 (0.4%)	212.56 (0.2%)	212.23 (-0.4%)	212.33	209.86(0%)	208.72(-0.31%)	207.63-212.37	0.6(0.1)	-1.7	-0.7%	0%	0%	0.2%	2.1%	53	2.2	Downtrend Reversal	Range(-0.5%)	6	0.4	0.6	Uptrend	210.01(0.62%)	208.56-210.63	31.65	-2.9%-36.3%

21	Jan_27_2021	207.57 (0.4%)	212.74 (0.2%)	213 (-0.5%)	212.99	212.28(0%)	209.36(-1.85%)	207.29-212.99	0.9(0.3)	-2.1	-0.8%	-0%	0%	0.28%	2.5%	61	2.3	Downtrend Reversal Correction	Range(0.1%)	7	0.8	0.9	Uptrend Consolidation	208.98(-0.18%)	208.32-210.98	44.51	-2.6%-36.8%
22	Jan_26_2021	207.05 (0.4%)	212.99 (0.4%)	214 (-0%)	213.96	214.8(0%)	213.3(-0.69%)	212.77-216.69	1.1(0.8)	-0.4	0.3%	0.3%	0%	0.42%	2.9%	77	2.6	Uptrend Dip	Higher(0.9%)	8	0.6	1.5	Uptrend	216.2(1.36%)	212.14-217.94	23.21	-0.8%-39.3%
23	Jan_25_2021	206.34 (0.4%)	212.46 (0.6%)	214.03 (0.4%)	213.88	213.71(0%)	214.79(-0.1%)	211.6-217.91	1.3(1.1)	1.3	0.3%	0.3%	0%	0.52%	3%	82	2.5	Growing Uptrend	Range(0.7%)	8	0.9	2.2	Uptrend	218.46(1.71%)	213.21-220.72	33.84	-0.1%-40.3%
24	Jan_22_2021	205.54 (0.4%)	211.77 (0.6%)	213.22 (0.1%)	213.43	213.12(0%)	215(1.16%)	209.55-215.33	1.3(1.3)	2.2	-0.1%	0.4%	0%	0.58%	3%	76	2.5	Uptrend	Range(0.3%)	9	1.2	2.1	Uptrend	218.87(1.8%)	213.23-221.3	24.7	0%-40.4%
25	Jan_21_2021	204.65 (0.4%)	211.08 (0.8%)	213.01 (0.3%)	213.02	214.05(0%)	212.53(-0.87%)	211.95-215.16	1.4(1.1)	0	0.2%	0.4%	0%	0.66%	3.1%	73	2.5	Uptrend Dip	Higher(1%)	10	0.7	2.4	After Top	216.12(1.69%)	207.96-222.81	21.02	-0.9%-38.8%
i	Date	ema20(Trend)	ema10(Trend)	ema5(Trend)	Slow Hourly Trend	Fast Hourly Trend	Close	ActualPriceRange	BBV	Hourly BBV	Daily Moving Force	Weekly Trend Force	Reversal Force	Trend	Trend Strength	RSI	Momentum	Trend Pattern	Next Direction	C	RV	VIXCD	Trend-Narrative	NextDay PriceTarget	NextDayPriceRange	Volume millions	To High-Low