Technical Analysis for IWMI - NEOS Russell 2000 High Income ETF

Grade Last Price % Change Price Change
A 52.31 0.11% 0.06
IWMI closed up 0.11 percent on Thursday, October 17, 2024, on 1.15 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The bulls were able to push the stock to a new 52-week high. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent N/A Up Up

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
New 52 Week Closing High Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Up 3 Days in a Row Strength 0.00%
Up 4 Days in a Row Strength 0.00%

   Recent Intraday Alerts

Alert Time
Rose Above Previous Day's High about 15 hours ago
New 52 Week High about 15 hours ago
2x Volume Pace about 15 hours ago
1.5x Volume Pace about 15 hours ago
Fell Below Upper Bollinger Band about 15 hours ago

Free Daily (Stock) Chart Reading

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Profile

The fund is an actively-managed ETF that seeks to achieve its investment objective by (i) investing in one or more ETFs that seeks to track the Russell 2000® Index, a portfolio of stocks that make up the Russell 2000® Index, or a combination thereof; and (ii) utilizing a call options strategy to provide high monthly income, which primarily consists of writing (selling) call options on the Russell 2000®.
Classification

Keywords: Exchange Traded Funds Inverse Exchange Traded Fund

Top 10 Components

Symbol Grade Price % Change Allocation
VTWO A 0.00 100.02

Is IWMI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 52.34
52 Week Low 45.2035
Average Volume 52,000
200-Day Moving Average 0.00
50-Day Moving Average 49.98
20-Day Moving Average 51.12
10-Day Moving Average 51.38
Average True Range 0.66
RSI (14) 67.43
ADX 22.43
+DI 32.46
-DI 13.97
Chandelier Exit (Long, 3 ATRs) 50.35
Chandelier Exit (Short, 3 ATRs) 52.14
Upper Bollinger Bands 52.16
Lower Bollinger Band 50.07
Percent B (%b) 1.07
BandWidth 4.08
MACD Line 0.54
MACD Signal Line 0.44
MACD Histogram 0.0979
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 52.77
Resistance 3 (R3) 52.73 52.54 52.69
Resistance 2 (R2) 52.54 52.42 52.56 52.67
Resistance 1 (R1) 52.42 52.34 52.32 52.46 52.64
Pivot Point 52.23 52.23 52.18 52.25 52.23
Support 1 (S1) 52.11 52.11 52.01 52.15 51.97
Support 2 (S2) 51.92 52.03 51.94 51.94
Support 3 (S3) 51.80 51.92 51.92
Support 4 (S4) 51.84