Index Trend Analysis Report
Prepared for you on Monday, August 3, 2020.
iShares Russell 2000 ETF (GIF:IWM)
Sidelines Mode (+55) - IWM is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid IWM?
MarketClub looks at technical strength and momentum to determine if the timing is right for IWM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for IWM
The long-term trend has been DOWN since Feb 26th, 2020 at 155.400
The intermediate-term trend has been UP since Jul 15th, 2020 at 145.237
The short-term trend has been DOWN since Jul 31st, 2020 at 145.935
Smart Scan Analysis for IWM
Based on our trend formula, IWM is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).