TTM Squeeze Alert: IWM Primed for Big Move at $249.88
NeutralIWM (IWM) closed down 0.62% at $249.88 on December 29.
Technical indicators paint a bearish picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($251.15). The 21-day EMA sits at $249.67.
Momentum
RSI at 58.8 is in neutral territory but trending lower. MACD is bearish (1.78 vs signal 2.10).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $245.17, Resistance at $256.74.