| IWM latest price $198.7100 (2.78%) ($196.4800 - $200.0350) on Thu. Dec. 14, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 1.44% (three month average) |
RSI | 83 |
Latest Price | $198.7100(2.78%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | IWM advances 1.4% a day on average for past five trading days. |
Weekly Trend | IWM advances 3.2% a week on average for past two weeks. |
Market Behavior | Value stock rally for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support IWM advance at 0% a week (0% probability) IWN(98%) IWO(98%) IWD(95%) ARKK(94%) IFRA(94%) |
Factors Impacting IWM price | IWM will decline at least -0.72% in a week (0% probabilities). VXX(-55%) VIXM(-49%) UUP(-31%) TBT(-11%) BNDX(-2%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -0.72% (StdDev 1.44%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.9% |
| |
|
|