Trading Signals: IWM Stock Price Prediction and Forecast

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Thu. Jun. 13, 2013

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Wed. Jun. 5, 2024)

(iShares Russell 2000)
IWM latest price $98.4800 (1.78%) ($96.3700 - $98.7000) on Thu. Jun. 13, 2013.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.06% (three month average)
RSI   52
Latest Price   $98.4800(1.78%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Daily Trend   IWM advances 0.2% a day on average for past five trading days.
Weekly Trend   IWM declines -0.2% 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 -0.53% in a week (0% probabilities).
TLT(-22%)    SHY(-7%)    IGOV(-7%)    TIP(2%)    GLD(2%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.53% (StdDev 1.06%)
Hourly BBV 0 ()
Intraday Trend 1.8%

5 Day Moving Average   $97.99(0.5%)
10 Day Moving Average   $97.81(0.69%)
20 Day Moving Average   $98.15(0.34%)
To recent high   -0.8%
To recent low   9.9%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   0.4
One Month Target Price   > $99.17
(if BBV positive, VIX trend negative.)
Correction Price   < $93.91

$. The price is -0.8% 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 0.7% away from the target price of 99.17.
$. IWM price fluctuates within 0.78% (three month std-dev: 1.06%) daily (68% of days).

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