IWM Daily Technical Analysis
US Small Cap Index (2000)
iShares Russell 2000 ETF - Tracks the index of 2000 small U.S. companies representing the small-cap segment.
IWM Technical Analysis Summary
IWM maintains a strong primary uptrend, trading comfortably above its rising long-term moving averages. After a brief consolidation period, price action is showing signs of renewed strength by holding support at the 50-day SMA and pushing back above the Bollinger Band midline. Momentum indicators like RSI are turning upward from neutral territory, suggesting buyers are regaining control. A break above immediate resistance near 270 would likely open the path to retest the recent highs around 278.
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IWM Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price has successfully tested support near the 50-day SMA and reclaimed the 20-day SMA basis (262.67). RSI is rebounding above 50, and the MACD histogram indicates bearish momentum is fading.
Long-term Sentiment (weeks to months): Bullish
The chart exhibits a clear long-term uptrend characterized by higher highs and higher lows. Price remains well above the rising 50-day (254.30) and 200-day (232.05) moving averages.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:02:46.720Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $255.15 | $254.30 - $256.00 | Strong | Confluence of the rising 50-day SMA, the Lower Bollinger Band, and recent swing lows. |
| $246.00 | $244.00 - $248.00 | Strong | Previous consolidation zone and structural support level from late 2025. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $270.00 | $269.00 - $271.00 | Weak | Immediate overhead resistance near the Upper Bollinger Band (269.60) and recent minor peaks. |
| $277.00 | $276.00 - $278.00 | Strong | Recent swing high and the peak of the current trend structure. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bullish Trend Channel | Bullish | N/A | A sustained uptrend since mid-2025 marked by consistent higher highs and higher lows, guided by the 50-day SMA. |
| Moderate | Bull Flag / Consolidation | Bullish | $285.00 | Recent pullback from highs serves as a consolidation phase, finding support at the 50-day SMA before turning upward. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bullish because Price has successfully tested support near the 50-day SMA and reclaimed the 20-day SMA basis (262.67). RSI is rebounding above 50, and the MACD histogram indicates bearish momentum is fading.. The long-term trend is classified as Bullish.
What are the key support levels for IWM?
StockDips.AI has identified key support levels for IWM at $255.15 and $246.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is IWM in a significant dip or a Value Dip right now?
IWM has a Value Score of 73/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.