IWM Daily Technical Analysis
US Small Cap Index (2000)
iShares Russell 2000 ETF - Tracks the index of 2000 small U.S. companies representing the small-cap segment.
IWM Technical Analysis Summary
IWM is undergoing a sharp short-term correction, currently testing the lower Bollinger Band near 281.73 after breaking below its 20-day and 50-day moving averages. Despite recent short-term weakness and an RSI near oversold levels, the primary long-term uptrend remains intact above the rising 200-day SMA at 274.83. Long-term investors should watch for stabilization around the 275-282 support band to signal the potential resumption of the broader trend.
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IWM Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading well below downward-sloping 20-day and 50-day SMAs, hugging the lower Bollinger Band with RSI depressed near 34.
Long-term Sentiment (weeks to months): Bullish
Price remains comfortably above the upward-sloping 200-day SMA at 274.83, maintaining the broader multi-month higher-high and higher-low trend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-09-18T20:15:48.476Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $281.00 | $280.00 - $282.00 | Moderate | Aligns with the lower Bollinger Band (281.73) and previous swing reaction lows from late June. |
| $273.50 | $272.00 - $275.00 | Strong | Major dynamic support zone defined by the rising 200-day SMA (274.83) and prior consolidation shelf. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $293.75 | $292.00 - $295.50 | Strong | Confluence of the declining 20-day SMA (292.48) and 50-day SMA (295.14), serving as primary overhead resistance. |
| $306.50 | $305.00 - $308.00 | Strong | Recent cycle peak and double-top rejection area established in August. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Top | Bearish | $282.00 | Twin peaks formed near 307-308 in August followed by a decisive breakdown below the intermediate neckline around 295. |
| Moderate | Pullback to 200-day SMA within Uptrend | Bullish | $300.00 | Corrective multi-week retracement approaching primary trend support after an extended multi-month rally. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bearish because Price is trading well below downward-sloping 20-day and 50-day SMAs, hugging the lower Bollinger Band with RSI depressed near 34.. The long-term trend is classified as Bullish.
What are the key support levels for IWM?
StockDips.AI has identified key support levels for IWM at $281.00 and $273.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is IWM in a significant dip or a Value Dip right now?
IWM has a Value Score of 76/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.