IWM Sees 0.676% Uptick On September 27, 2024
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The iShares Russell 2000 ETF experienced a slight uptick on September 27th, closing at $220.33, a 0.676% increase from the previous day’s close of $218.85.
Intraday trading saw a fluctuation of 1.40%, with a low of $219.53 and a high of $222.60.
Over the past two weeks, the ETF has shown a positive trend, increasing by 1.6%.
However, trading volume on September 27th declined, which, despite being generally considered a bullish indicator, might signal a potential divergence when combined with the rising price.
This divergence could be an early warning sign of potential changes in the near future.
In the short term, the iShares Russell 2000 ETF appears to be consolidating within a wide and weak uptrend. This suggests that further price increases within the trend are likely.
Based on the current short-term trend, the ETF is projected to rise by approximately 4.15% over the next three months.
There’s a 90% probability that the price will remain within a range of $215.88 to $241.89 at the end of that period.
Data: FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener, StockInvest