Technical Data for Ishares Russell 2000 Index IWM

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 222.67
P2 230.72 230.63 236.65
P3 233.95 234.08 252.13

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Ishares Russell 2000 Index (NYSE: IWM) while incorporating prudent risk controls. 

Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for IWM change over time, and the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte. 

Instructions: The rules that govern the data in this report are the rules of Technical Analysis.  For example, if IWM is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

This data is further refined to differentiate trading plans for Day Trading IWM, Swing Trading IWM, and Long Term Investing plans for IWM too.

Longer Term Trading Plans for IWM

June 10, 2021, 5:30 pm ET

Our Longer Term Plans for IWM help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this IWM Report.

IWM - (Long) Support Plan

Buy over 222.67 target 236.65 stop loss @ 222.03

The technical summary data tells us to buy IWM near 222.67 with an upside target of 236.65. This data also tells us to set a stop loss @ 222.03 to protect against excessive loss in case the stock begins to move against the trade. 222.67 is the first level of support below 229.28 , and by rule, any test of support is a buy signal. In this case, support 222.67 would be being tested, so a buy signal would exist.

IWM - (Short) Resistance Plan

Short under 236.65, target 222.67, stop loss @ 237.33

The technical summary data is suggesting a short of IWM as it gets near 236.65 with a downside target of 222.67. We should have a stop loss in place at 237.33though. 236.65 is the first level of resistance above 229.28, and by rule, any test of resistance is a short signal. In this case, if resistance 236.65 is being tested, so a short signal would exist.


IWM Long Term Analysis for June 10 2021

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Swing Trading Plans for IWM

June 10, 2021, 5:30 pm ET

Our Swing Trading Plans for IWM help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this IWM Report.

IWM - (Long) Support Plan

Buy over 230.63, target 234.08, Stop Loss @ 229.96

If 230.63 begins to break higher, the technical summary data tells us to buy IWM just over 230.63, with an upside target of 234.08. The data also tells us to set a stop loss @ 229.96 in case the stock turns against the trade. 230.63 is the first level of resistance above 229.28, and by rule, any break above resistance is a buy signal. In this case, 230.63, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

IWM - (Short) Resistance Plan

Short near 230.63, target 222.67, Stop Loss @ 231.3.

The technical summary data is suggesting a short of IWM if it tests 230.63 with a downside target of 222.67. We should have a stop loss in place at 231.3 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 230.63, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


IWM Swing Trading Analysis for June 10 2021

Day Trading Plans for IWM

June 10, 2021, 5:30 pm ET

Our Day Trading Plans for IWM help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this IWM Report.

IWM - (Long) Support Plan

Buy over 230.72, target 234.08, Stop Loss @ 230.18

If 230.72 begins to break higher, the technical summary data tells us to buy IWM just over 230.72, with an upside target of 234.08. The data also tells us to set a stop loss @ 230.18 in case the stock turns against the trade. 230.72 is the first level of resistance above 229.28, and by rule, any break above resistance is a buy signal. In this case, 230.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

IWM - (Short) Resistance Plan

Short near 230.72, target 222.67, Stop Loss @ 231.26.

The technical summary data is suggesting a short of IWM if it tests 230.72 with a downside target of 222.67. We should have a stop loss in place at 231.26 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 230.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


IWM Day Trading Analysis for June 10 2021