Trading Signals: IWM Stock Price Prediction and Forecast

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Wed. May. 8, 2013

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Thu. Jun. 13, 2024)

(iShares Russell 2000)
IWM latest price $96.4300 (0.29%) ($95.6800 - $96.4700) on Wed. May. 8, 2013.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.05% (three month average)
RSI   78
Latest Price   $96.4300(0.29%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM advances 1% a day on average for past five trading days.
Weekly Trend   IWM advances 2.2% 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(87%)    PEJ(83%)    XAR(79%)    XLY(78%)    QQQ(76%)
Factors Impacting IWM price   IWM will decline at least -0.525% in a week (0% probabilities).
TLT(-22%)    SHY(-7%)    IGOV(-7%)    TIP(2%)    GLD(3%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.525% (StdDev 1.05%)
Hourly BBV 0 ()
Intraday Trend 0.5%

5 Day Moving Average   $95.2(1.29%)
10 Day Moving Average   $94.25(2.31%)
20 Day Moving Average   $92.96(3.73%)
To recent high   0%
To recent low   8.3%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.8
One Month Target Price   > $98.55
(if BBV positive, VIX trend negative.)
Correction Price   < $93.38

$. The price is 0% 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 2.2% away from the target price of 98.55.
$. IWM price fluctuates within 2.05% (three month std-dev: 1.05%) daily (68% of days).

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