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 is in a strong, established long-term uptrend, supported by all major moving averages sloping upwards. Short-term momentum is bullish, with price riding near the upper Bollinger Band. Key support lies around the 50-day SMA in the 270s if a pullback occurs.
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IWM Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is trading near the upper Bollinger Band and above the 20-day SMA, indicating strong short-term upward momentum. RSI is around 63, showing strength without being heavily overbought yet.
Long-term Sentiment (weeks to months): Bullish
The long-term trend is clearly up, with the price making higher highs and higher lows. The 50-day SMA is above the 200-day SMA, and both are sloping upwards.
Report Metadata
- Timeframe: daily
- Generated at: 2026-06-02T14:03:27.468Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $282.00 | $280.00 - $284.00 | Weak | Recent consolidation area and near the 20-day SMA (284.38). |
| $272.00 | $270.00 - $274.00 | Strong | Previous swing low and near the 50-day SMA (271.83). |
| $252.50 | $250.00 - $255.00 | Strong | Major previous swing low and near the 200-day SMA (254.54). |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $294.50 | $294.00 - $295.00 | Weak | Near the upper Bollinger Band and recent peak. |
| $300.00 | $300.00 - $300.00 | Strong | Psychological round number and potential next target level. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Uptrend / Channel Up | Bullish | N/A | Price is consistently making higher highs and higher lows, contained within an upward sloping channel. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bullish because Price is trading near the upper Bollinger Band and above the 20-day SMA, indicating strong short-term upward momentum. RSI is around 63, showing strength without being heavily overbought yet.. 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 $282.00 and $272.00. 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 30/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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