IWM Monthly 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 exhibits a robust secular bull regime supported by aligned monthly moving averages and positive momentum with RSI above 60. Following a major breakout above its multi-year 2021–2024 trading range, the index surged to highs above 320 before entering a constructive consolidation around 279.02. Structural support between 240.00 and 252.00 provides a solid floor, keeping the broader long-term trajectory pointed toward retesting and potentially exceeding recent highs.
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IWM Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price remains in a clear expansion phase above the rising 20-month SMA (251.64) following a healthy pullback from recent record highs, supported by monthly RSI holding firmly in bullish territory above 60.
Long-term Sentiment (weeks to months): Bullish
The secular bull market is intact with moving averages stacked in full bullish alignment (Price > 20 SMA > 50 SMA > 200 SMA) following a decisive multi-year breakout above the 2021 highs.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-10-01T22:23:24.669Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $246.00 | $240.00 - $252.00 | Strong | Major secular breakout level from the 2021 highs, closely reinforced by the ascending 20-month simple moving average. |
| $215.00 | $210.00 - $220.00 | Moderate | Previous multi-month retest zone aligning closely with the upward-sloping 50-month moving average at 218.88. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $320.00 | $315.00 - $325.00 | Strong | All-time high resistance zone and upper monthly Bollinger Band boundary. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Base Breakout | Bullish | $325.00 | Large multi-year consolidation range from 2021 through 2024 that resolved to the upside with strong momentum candles and expansion into new all-time highs. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bullish because Price remains in a clear expansion phase above the rising 20-month SMA (251.64) following a healthy pullback from recent record highs, supported by monthly RSI holding firmly in bullish territory above 60.. 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 $246.00 and $215.00. 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 77/100. 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.