IWM Price Prediction, iShares Russell 2000 ETF AI Recommendations
IWM's RSI Oscillator ascends from oversold territory
The RSI Oscillator for IWM moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 22 similar instances when the indicator left oversold territory. In 20 of the 22 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 51 cases where IWM's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 23, 2022. You may want to consider a long position or call options on IWM as a result. In of 86 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IWM just turned positive on May 19, 2022. Looking at past instances where IWM's MACD turned positive, the stock continued to rise in of 53 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IWM advanced for three days, in of 353 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
IWM moved below its 50-day moving average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
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 May 23, 2022. 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)
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High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
Category SmallBlend
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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.
| Ticker / NAME | Correlation To IWM | 1D Price Change % |
|---|---|---|
| IWM | 100% | +1.80% |
| VTWO - IWM | 100% Closely correlated | +1.86% |
| SCHA - IWM | 99% Closely correlated | +1.94% |
| BBSC - IWM | 99% Closely correlated | +2.15% |
| VB - IWM | 98% Closely correlated | +1.93% |
| ESML - IWM | 98% Closely correlated | +2.01% |
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