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Downtrend Broken Resist.Archive
- 7/31/2026 -
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iShares Russell 2000 Index (IWM) Technical Analysis
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| Summary:
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| | It was a first positive week after 4 consecutive negative weeks for the iShares Russell 2000 Index (IWM). During the week, the IWM climbed 0.03 points, or 0.01%, and closed at 291.20 on Friday, July 31, 2026. Weekly volume was -32% 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 302.72 on July 1, 2026. IWM gained -268.46 points, or -783.60%, in 903 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (184.98) 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 March 30, 2026 at 238.69 and reached 302.72 on July 1, 2026. IWM gained -64.03 points, or -26.83%, in 13 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (308.89) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 17, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 July 1, 2026 at 302.72 and reached 287.83 on July 31, 2026. IWM lost 14.89 points, or 4.92%, in 30 days. The chart has formed a Descending Triangle chart pattern.
 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.
The daily MACD line is below its signal line since July 2, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
The distance between the Bollinger Bands is falling, and it was 3.24% on Friday. It is 54.46% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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