Trading Signals: IWM Stock Price Prediction and Forecast

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Thu. Jan. 23, 2014

Trading Signals: IWM Stock Price Prediction and Forecast (Tue. Apr. 1, 2003 - Fri. May. 31, 2024)

(iShares Russell 2000)
IWM latest price $116.4200 (-0.67%) ($115.6600 - $116.7800) on Thu. Jan. 23, 2014.

Trend Analysis and Forecast

Average Daily Percentage Swing   0.78% (three month average)
RSI   62
Latest Price   $116.4200(-0.67%)
Stocks Behave Similarly   Similar Stock List
Top Holdings   Top Holding List
Weekly Trend   IWM advances 0.9% 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 -0.39% in a week (0% probabilities).
TLT(-23%)    UUP(-10%)    SHY(-7%)    IGOV(-7%)    GDXJ(0%)

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.39% (StdDev 0.78%)
Hourly BBV 0 ()
Intraday Trend -0.3%

5 Day Moving Average   $116.5(-0.07%)
10 Day Moving Average   $115.89(0.46%)
20 Day Moving Average   $115.37(0.91%)
To recent high   -0.7%
To recent low   8.5%
Market Cap   $N/A

Average Volume    million
BBV (position on Bollinger band)   1.2
One Month Target Price   > $116.42
(if BBV positive, VIX trend negative.)
Correction Price   < $111.88

$. The price is -0.7% 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 116.42.
$. IWM price fluctuates within 0.79% (three month std-dev: 0.78%) daily (68% of days).

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