IWM Weekly 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 currently experiencing an intermediate pullback within a well-established macro uptrend, having slipped below its 20-week moving average toward the lower Bollinger Band. Despite short-term downward momentum and RSI falling back to the midline, the broader multi-month trend remains positive with the 50-week and 200-week moving averages in strong bullish alignment. Key dynamic support lies near the 50-week SMA around 269.50, which provides a critical cushion for the wider bull market structure.
Included In Lists
Related Tickers of Interest
IWM Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken below the 20-week moving average (292.43) following a multi-week retreat from the 310 highs, with weekly RSI dropping below the neutral 50 threshold.
Long-term Sentiment (weeks to months): Bullish
The broad multi-year trend remains firmly intact with the rising 50-week SMA (269.52) comfortably positioned well above the rising 200-week SMA (218.45).
Report Metadata
- Timeframe: weekly
- Generated at: 2026-09-18T21:00:44.066Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $277.50 | $275.00 - $280.00 | Moderate | Confluence of the lower weekly Bollinger Band (278.45) and prior intermediate horizontal consolidation. |
| $267.50 | $265.00 - $270.00 | Strong | Major dynamic support defined by the rising 50-week SMA at 269.52 and the breakout level from earlier in the advance. |
| $244.00 | $240.00 - $248.00 | Strong | Significant multi-month horizontal support and previous structural pivot zone. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $293.50 | $292.00 - $295.00 | Moderate | Immediate overhead resistance aligning with the 20-week SMA (292.43) and recent breakdown point. |
| $308.00 | $306.00 - $310.00 | Strong | Cycle highs and upper weekly Bollinger Band limit (306.42), representing strong supply. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Double Top | Bearish | $270.00 | A multi-week reversal pattern formed at the 308-310 peak region, confirmed by a failure to establish new highs and a break below the 20-week moving average. |
| Strong | Ascending Trend Channel | Bullish | N/A | Primary multi-month bullish trend channel characterized by consistent higher highs and higher lows since early 2025. |
Frequently Asked Questions about IWM
What is the current sentiment for IWM?
The short-term sentiment for IWM is currently Bearish because Price has broken below the 20-week moving average (292.43) following a multi-week retreat from the 310 highs, with weekly RSI dropping below the neutral 50 threshold.. 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 $277.50 and $267.50. 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.