Trading Signals: IWM Stock Price Prediction and Forecast

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Mon. Apr. 12, 2004

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Tue. Jun. 18, 2024)

(iShares Russell 2000)
IWM latest price $59.7100 (0.25%) ($59.5600 - $60.1500) on Mon. Apr. 12, 2004.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.19% (three month average)
RSI   82
Latest Price   $59.7100(0.25%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM declines -0.2% a day on average for past five trading days.
Weekly Trend   IWM advances 3% 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(78%)    EWG(77%)
Factors Impacting IWM price   IWM will decline at least -0.595% in a week (0% probabilities).
TLT(-32%)    SHY(-19%)    TIP(-11%)    REMX(0%)    LQD(14%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.595% (StdDev 1.19%)
Hourly BBV 0 ()
Intraday Trend 0%

5 Day Moving Average   $59.88(-0.28%)
10 Day Moving Average   $59.5(0.35%)
20 Day Moving Average   $58.15(2.68%)
To recent high   -1.1%
To recent low   7.1%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1
One Month Target Price   > $62.58
(if BBV positive, VIX trend negative.)
Correction Price   < $58.86

$. The price is -1.1% 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 4.8% away from the target price of 62.58.
$. IWM price fluctuates within 2.67% (three month std-dev: 1.19%) daily (68% of days).

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