| IWM latest price $218.5800 (-3.73%) ($218.0100 - $227.5850) on Thu. Feb. 25, 2021. |
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| Trend Analysis and Forecast |
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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 |
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Valuation to SPY | 0.2 |
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Relative Volatility | 0.4 (options are faily valued) |
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Market Trend Strength | -0.7% (StdDev 1.39%) |
Hourly BBV | -1.4 () |
Intraday Trend | -3.6% |
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