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Downtrend Broken Resist.Archive
- 10/23/2026 -
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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 6 consecutive negative weeks for the iShares Russell 2000 Index (IWM). During the week, the IWM gained 5.31 points, or 1.96%, and closed at 275.75 on Friday, October 23, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was -34% 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 (187.00) 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 182.54 and resistance is at 312.05. 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since August 14, 2026. The distance between MACD and the signal line is near its high, but getting smaller. 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 269.88 on October 16, 2026. IWM lost 35.30 points, or 11.57%, in 63 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (266.00) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend.
 Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (277.43) comes close to the price (275.75). 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.
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