IWM Weekly 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 long-term bullish posture, trading above rising 50-week and 200-week moving averages following a massive rally from the late 2023 lows. However, the short-term technical picture has deteriorated significantly after a harsh rejection at the multi-year resistance zone near 270, forming a potential macro double top. Short-term momentum indicators (RSI below 50, MACD bearish crossover) confirm aggressive selling pressure, suggesting the current pullback may test the 50-week SMA near 234 before any stabilization occurs.
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IWM Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has experienced a sharp rejection from major resistance, breaking below the 20-week SMA. This is accompanied by a bearish MACD crossover with an expanding negative histogram, and RSI dropping sharply below the 50 midline.
Long-term Sentiment (weeks to months): Bullish
Despite the severe recent pullback, the macro structure remains bullish. The price is still trading well above the rising 50-week and 200-week SMAs, and the sequence of higher lows from late 2023 is intact.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-03-21T09:02:22.062Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $232.50 | $230.00 - $235.00 | Weak | Immediate support zone aligning with the rising 50-week SMA (currently ~234) and prior minor consolidation. |
| $202.50 | $200.00 - $205.00 | Strong | Major structural support/resistance flip zone, currently reinforced by the rising 200-week SMA. |
| $170.00 | $165.00 - $175.00 | Strong | Macro structural lows from late 2022 and late 2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $252.50 | $250.00 - $255.00 | Weak | Immediate resistance near the broken 20-week SMA (~253) and recent breakdown level. |
| $272.50 | $270.00 - $275.00 | Strong | Major multi-year resistance zone marking the 2021 peak and the recent swing high. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Double Top (Macro) | Bearish | N/A | The recent high near 270 sharply rejected exactly at the level of the previous massive peak from late 2021, creating a potential large-scale double top. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bearish because Price has experienced a sharp rejection from major resistance, breaking below the 20-week SMA. This is accompanied by a bearish MACD crossover with an expanding negative histogram, and RSI dropping sharply below the 50 midline.. 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 $232.50 and $202.50. 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 57/100. 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.
View the full interactive analysis on StockDips.AI.