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published in Blogs
May 29, 2023

Small-Cap Success: Unleashing the Potential of the Russell 2000 Index

Last week, the major indices closed in positive territory. The Nasdaq index rose by 2.46%. The main triggers were the stocks of NVDA, which increased by 26%, and MRVL, which saw a growth of over 40%. The S&P index only rose by 0.36%. However, the Russell 2000 index declined by 0.26%. Since our robot mostly focuses on broad market stocks, we also closed with mixed results.

Over the weekend, positive news also contributed to the outlook for the following week. WASHINGTON — On Saturday evening, Republicans in the House of Representatives reached a preliminary agreement with the White House to raise the country's borrowing limit and prevent a catastrophic default on U.S. sovereign debt.

"We have come to a principled agreement," said House Speaker Kevin McCarthy on Saturday at the Capitol. "We still have a lot of work ahead, but I believe this agreement is fundamentally worthy of the American people."

In the near future, we expect a rise in low-cap companies, which will provide more earning opportunities for our robots. If we look at the S&P and Russell 2000 indices, there is a clear underperformance in low-cap stocks at the moment. It is likely that this situation will be rectified.

Related Ticker: IWM

IWM's RSI Indicator is staying in oversold zone for 1 day

It is expected that a price bounce should occur soon.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IWM advanced for three days, in of 330 cases, the price rose further within the following month. The odds of a continued upward trend are .

IWM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on IWM as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for IWM turned negative on September 08, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .

IWM moved below its 50-day moving average on September 05, 2023 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for IWM crossed bearishly below the 50-day moving average on August 18, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where IWM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for IWM entered a downward trend on September 06, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

Notable companies

The most notable companies in this group are Chord Energy Corp (NASDAQ:CHRD), Valaris Limited (NYSE:VAL), Intra-Cellular Therapies (NASDAQ:ITCI), California Resources Corp (NYSE:CRC), KB Home (NYSE:KBH), Goodyear Tire & Rubber Company (The) (NASDAQ:GT), StoneCo Ltd (NASDAQ:STNE), Signet Jewelers Limited (NYSE:SIG), Synaptics (NASDAQ:SYNA), Livent Corp (NYSE:LTHM).

Industry description

The investment seeks to track the investment results of the Russell 2000® Index, which measures the performance of the small-capitalization sector of the U.S. equity market. The fund generally invests at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index (i.e., depositary receipts representing securities of the underlying index) and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Market Cap

The average market capitalization across the iShares Russell 2000 ETF ETF is 1.37B. The market cap for tickers in the group ranges from 11.64M to 12.47B. SMCI holds the highest valuation in this group at 12.47B. The lowest valued company is BRDS at 11.64M.

High and low price notable news

The average weekly price growth across all stocks in the iShares Russell 2000 ETF ETF was -3%. For the same ETF, the average monthly price growth was -4%, and the average quarterly price growth was 1%. RXT experienced the highest price growth at 46%, while MORF experienced the biggest fall at -56%.

Volume

The average weekly volume growth across all stocks in the iShares Russell 2000 ETF ETF was -55%. For the same stocks of the ETF, the average monthly volume growth was 1% and the average quarterly volume growth was 27%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 56
P/E Growth Rating: 65
Price Growth Rating: 62
SMR Rating: 72
Profit Risk Rating: 83
Seasonality Score: -14 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

Category SmallBlend

Profile
Fundamentals
Details
Category
Small Blend
Address
iShares Trust400 Howard StreetSan Francisco
Phone
1-800-474-2737
Web
www.ishares.com
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IWM and

Correlation & Price change

A.I.dvisor indicates that over the last year, IWM has been closely correlated with VTWO. These tickers have moved in lockstep 100% of the time. This A.I.-generated data suggests there is a high statistical probability that if IWM jumps, then VTWO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To IWM
1D Price
Change %
IWM100%
+0.45%
VTWO - IWM
100%
Closely correlated
+0.49%
SCHA - IWM
100%
Closely correlated
+0.36%
VB - IWM
99%
Closely correlated
+0.49%
ESML - IWM
99%
Closely correlated
+0.39%
FNDA - IWM
99%
Closely correlated
+0.48%
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