Trading Signals: IWM Stock Price Prediction and Forecast

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Wed. Jun. 18, 2003

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Mon. Jun. 17, 2024)

(iShares Russell 2000)
IWM latest price $45.6400 (-0.07%) ($45.2900 - $45.7700) on Wed. Jun. 18, 2003.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.07% (three month average)
RSI   69
Latest Price   $45.6400(-0.07%)
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 1.4% 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(89%)    XLY(83%)    QQQ(82%)    XLK(79%)    EEM(76%)
Factors Impacting IWM price   IWM will decline at least -0.535% in a week (0% probabilities).
TLT(-32%)    SHY(-19%)    REMX(1%)    LQD(13%)    XLU(54%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.535% (StdDev 1.07%)
Hourly BBV 0 ()
Intraday Trend 0.3%

5 Day Moving Average   $45.48(0.35%)
10 Day Moving Average   $45.33(0.68%)
20 Day Moving Average   $44.27(3.09%)
To recent high   -0.2%
To recent low   24.6%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   0.9
One Month Target Price   > $45.64
(if BBV positive, VIX trend negative.)
Correction Price   < $43.2

$. The price is -0.2% 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 -13.9% away from the target price of 45.64.
$. IWM price fluctuates within 3.37% (three month std-dev: 1.07%) daily (68% of days).

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