The Greedy Trader Weekly Analysis
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- 1/23/2026 -
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iShares Russell 2000 Index (IWM) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the price
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It was the negative week for the iShares Russell 2000 Index (IWM). During the week, the IWM gave back -0.95 points, or -0.36%, and closed at 264.81 on Friday, January 23, 2026. Weekly volume was 31% above average.

Long-term trend: [See IWM long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 34.26 and reached 271.60 on January 22, 2026. IWM gained -237.34 points, or -692.76%, in 880 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (180.54) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See IWM medium-term trend chart]
A medium-term uptrend had started on April 7, 2025 at 171.70 and reached 271.60 on January 22, 2026. IWM gained -99.90 points, or -58.18%, in 41 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 246.21 and resistance is at 272.54. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 2, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See IWM short-term trend chart]
A short-term uptrend had started on January 2, 2026 at 245.86 and reached 271.60 on January 22, 2026. IWM gained -25.74 points, or -10.47%, in 20 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since January 6, 2026. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (264.2) comes close to the price (264.81). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.68
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 77.19
Greed/Fear Indicator (GFI) 80.31
Overbought
Moving Average Converg./Diverg. (MACD) 3.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.16
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 84.03
Overbought
Greed/Fear Indicator (GFI) 77.72
Moving Average Converg./Diverg. (MACD) 7.92
Trading Signals
Description Value Chart
Upper Bollinger Band 273.59
Monthly Trendline Resistance 272.54
Daily Stochastic Crossing 268.61
Weekly Stochastic Crossing 267.37
Price 264.81
Parabolic System 264.20
20 Day Moving Average 258.10
Yearly Trendline Resistance 257.40
50 Day Moving Average 250.71
Monthly Trendline Support 246.21
Lower Bollinger Band 245.68
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 245.86
Low Date 01/02/2026
High 271.60
High Date 01/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 228.90
Low Date 11/20/2025
High 271.60
High Date 01/22/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 272.54
Support 246.21
Low 171.70
Low Date 04/07/2025
High 271.60
High Date 01/22/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 161.67
Low Date 10/27/2023
High 271.60
High Date 01/22/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 257.40
Support 180.54
Low 34.26
Low Date 03/09/2009
High 271.60
High Date 01/22/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.