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Downtrend Broken Resist.Archive
- 3/27/2026 -
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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 0.88 points, or 0.36%, and closed at 243.10 on Friday, March 27, 2026. Weekly volume was 37% 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 182.04 and resistance is at 259.45. 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 (253.35) 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 February 11, 2026 at 268.96 and reached 240.33 on March 20, 2026. IWM lost 28.63 points, or 10.64%, in 37 days. The chart has formed a Broadening Descending Wedge chart pattern.
Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 26, 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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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