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Archive
- 3/20/2026 -
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iShares Russell 2000 Index (IWM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the iShares Russell 2000 Index (IWM). During the week, the IWM dropped -4.37 points, or -1.77%, and closed at 242.22 on Friday, March 20, 2026. Weekly volume was 41% 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 trend support level is at 181.87 and resistance is at 259.21. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 uptrend support line (251.74) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 27, 2026. Use the following link to access a MACD help.
 Short-term trend: [See IWM short-term trend chart]
A short-term downtrend had started on January 22, 2026 at 271.60 and reached 240.33 on March 20, 2026. IWM lost 31.27 points, or 11.51%, in 57 days. The price is now at the 6.04% retracement level.
Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
The daily MACD line is below its signal line since January 27, 2026. This is an indication that the short-term trend is down.
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