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Archive
- 10/9/2026 -
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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 gave back -2.58 points, or -0.92%, and closed at 278.94 on Friday, October 9, 2026. Weekly volume was -26% below 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 305.18 on August 14, 2026. IWM gained -270.92 points, or -790.78%, in 909 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (186.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 October 27, 2023 at 161.67 and reached 305.18 on August 14, 2026. IWM gained -143.51 points, or -88.77%, in 146 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 182.26 and resistance is at 310.65. 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 medium-term trend.
 Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since August 14, 2026. The distance between MACD and the signal line is near its high and getting bigger. 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 August 14, 2026 at 305.18 and reached 274.52 on October 8, 2026. IWM lost 30.66 points, or 10.05%, in 55 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 274.33 and resistance is at 282.93. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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