US Small Cap Index (2000) (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 remains in a robust secular bull market following its decisive breakout above the multi-year 2021-2024 trading range. All major monthly moving averages (20, 50, and 200) are ascending in proper sequence, and monthly RSI at 61.44 confirms sustained structural momentum. While recent price action shows a pause below the 315-320 peak, any pullback toward the 240-252 area represents strong structural support.
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IWM Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price remains well above the rising 20-month simple moving average (251.66) and the secular breakout level near 244, with monthly RSI holding above 60 indicating strong momentum despite a mild recent consolidation.
Long-term Sentiment (weeks to months): Bullish
The secular trend is decisively bullish with clear positive moving average alignment (20 > 50 > 200 SMA) and a completed multi-year base breakout above the 2021 highs.
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $246.00 | $240.00 - $252.00 | Strong | Prior multi-year secular resistance from the 2021 peak, now aligning with the rising 20-month SMA. |
| $172.50 | $165.00 - $180.00 | Strong | Major multi-year consolidation floor established during the 2022-2023 accumulation range. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $317.50 | $315.00 - $320.00 | Moderate | Recent all-time high zone and the upper monthly Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Range Breakout | Bullish | $323.00 | A broad accumulation rectangle between approximately 165 and 244 established from 2022 to 2024, followed by an expansion breakout to new 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 well above the rising 20-month simple moving average (251.66) and the secular breakout level near 244, with monthly RSI holding above 60 indicating strong momentum despite a mild recent consolidation. 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 $172.50. 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 24/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
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