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Uptrend ExhaustionArchive
- 5/29/2026 -
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iShares Russell 2000 Index (IWM) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second consecutive positive week for the iShares Russell 2000 Index (IWM). During the week, the IWM gained 5.31 points, or 1.86%, and closed at 290.43 on Friday, May 29, 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 292.74 on May 28, 2026. IWM gained -258.48 points, or -754.47%, in 898 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (183.51) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 292.74 on May 28, 2026. IWM gained -54.05 points, or -22.64%, in 8 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See IWM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 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. Use the following link to access a MACD help.
Short-term trend: [See IWM short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 270.63 and reached 292.74 on May 28, 2026. IWM gained -22.11 points, or -8.17%, in 9 days. The price is now at the 10.45% retracement level.
Daily Technical Indicators: [See IWM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
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| Industry |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
270.63 |
| Low Date |
05/19/2026 |
| High |
292.74 |
| High Date |
05/28/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
238.69 |
| Low Date |
03/30/2026 |
| High |
292.74 |
| High Date |
05/28/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
171.70 |
| Low Date |
04/07/2025 |
| High |
292.74 |
| High Date |
05/28/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
161.67 |
| Low Date |
10/27/2023 |
| High |
292.74 |
| High Date |
05/28/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
261.45 |
| Support |
183.51 |
| Low |
34.26 |
| Low Date |
03/09/2009 |
| High |
292.74 |
| High Date |
05/28/2026 |
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