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 remains in an established long-term bull market with price positioned comfortably above rising 50-week and 200-week moving averages. Following a run to cycle highs near 308, the index has experienced a controlled pullback to find dynamic support at its 20-week SMA around 291.58. As long as support in the 289-292 range holds, the broader technical structure favors a continuation toward and potentially beyond the recent highs near 308-312.
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IWM Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is rebounding after successfully testing the rising 20-week SMA (291.58), while RSI remains constructive above 60.
Long-term Sentiment (weeks to months): Bullish
A strong multi-month uptrend is intact with well-ordered, upward-sloping 50-week (267.81) and 200-week (217.44) moving averages and consistent higher highs.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-04T21:02:52.493Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $290.50 | $289.00 - $292.00 | Strong | Confluence of recent weekly pullback lows and the rising 20-week simple moving average. |
| $271.25 | $267.00 - $275.50 | Strong | Major structural support zone aligned with the rising 50-week SMA and the lower Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $309.50 | $307.00 - $312.00 | Strong | Recent cycle highs and the upper Bollinger Band boundary. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Ascending Channel | Bullish | $325.00 | Consistent upward price channel established since early 2025, characterized by higher highs and higher lows. |
| Strong | 20-Week SMA Pullback | Bullish | $308.00 | Bullish continuation pattern as price pulls back into the 20-week moving average and displays responsive buying interest. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bullish because Price is rebounding after successfully testing the rising 20-week SMA (291.58), while RSI remains constructive above 60.. 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 $290.50 and $271.25. 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 77/100. 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.