Russell 2000 Index(IWM)

Russell 2000 Index (IWM) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for IWM · data as of Aug 14, 2026. The chart above is live; the read below updates daily.

$305.09last close · Aug 14, 202652-week range $223.69 – $305.18 · 0.03% below the high

IWM Rising Wedge Pattern

IWM is currently forming a rising wedge on the daily timeframe. Detected Aug 14, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $282.04 (−6.7%). Across 9,362 backtested rising wedges, the setup followed through 49.3% of the time, averaging +0.01R; IWM's own rising wedges have hit 56.0%.

DirectionBearishTarget$282.04Projected move−6.7%Breakout level$300.29

New to this pattern? What a rising wedge is and how to trade it →

IWM's Most Recent Rising Wedge Trade

IWM's most recent completed rising wedge resolved as a loss: it broke down on Jul 2, 2026 near $298.99, then was stopped out at $303.50 on Aug 13, 2026 — a -1.21R move (1.5%) over 29 sessions. Across 110 backtested rising wedges, this setup wins 57.3% of the time.

OutcomeLossResult-1.21REntry$298.99Exit$303.50

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How Rising Wedges Have Performed

Win rate
49.3%
Avg return
+0.01R
Backtested trades
9,362
IWM win rate
56.0%

Historical pattern statistics (2006-08-14 – 2026-08-14), not a prediction.

How these backtests work →

IWM Pattern Trade History

Every completed pattern trade our nightly backtest found on IWM's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeJul 2, 2026 @ $298.99Aug 13, 2026 @ $303.50Loss-1.21R
Rising WedgeMay 12, 2026 @ $284.04May 26, 2026 @ $290.51Loss-1.83R
TriangleFeb 27, 2026 @ $259.98Mar 20, 2026 @ $241.77Win+2.48R
Rising WedgeOct 31, 2025 @ $244.99Nov 14, 2025 @ $235.22Win+1.35R
Rising WedgeAug 27, 2025 @ $235.35Oct 16, 2025 @ $245.06Win+0.83R
TriangleJul 29, 2025 @ $223.44Aug 1, 2025 @ $213.62Win+3.00R
TriangleFeb 21, 2025 @ $224.17Feb 25, 2025 @ $214.16Win+2.63R
Rising WedgeDec 12, 2024 @ $237.16Dec 18, 2024 @ $220.32Win+2.15R
Rising WedgeOct 31, 2024 @ $219.12Nov 6, 2024 @ $237.22Loss-2.25R
TriangleSep 17, 2024 @ $219.58Nov 14, 2024 @ $231.94Win+0.80R
Rising WedgeApr 10, 2024 @ $201.18Apr 17, 2024 @ $193.30Win+0.74R
TriangleFeb 12, 2024 @ $199.87Mar 12, 2024 @ $204.91Win+0.51R

Recent Rising Wedges on Other Charts

TNAstopped −14.1%Aug 14, 2026MRKstopped −5.8%Aug 13, 2026EWZhit target +4.8%Aug 11, 2026CRWDstopped −18.9%Aug 10, 2026

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IWM Support and Resistance Levels

Price is being turned away at a ceiling near $306.30 and starting to slide. On the weekly chart, the next floor below sits near $228.90 — about 25% away.

  • Traders commonly watch $228.90 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $306.30 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $303.19, resistance near $318.23. These are chart/swing-derived levels, not formula pivots.

Resistance
$318.23$432.38
Support
$303.19$302.72$301.26$228.90

IWM Recent Daily Prices

DateOpenHighLowClose
Aug 14, 2026$303.28$305.18$302.74$305.09
Aug 13, 2026$304.04$305.05$302.72$303.50
Aug 12, 2026$303.02$303.41$301.00$302.71
Aug 11, 2026$300.93$301.99$300.60$300.99
Aug 10, 2026$300.51$301.39$299.08$299.98
Aug 7, 2026$300.46$302.03$299.80$301.56
Aug 6, 2026$299.60$301.38$297.95$298.25
Aug 5, 2026$302.43$303.06$299.75$299.77
Aug 4, 2026$297.59$302.39$297.22$301.71
Aug 3, 2026$292.90$296.66$292.40$296.22

IWM Frequently Asked Questions

What chart pattern is IWM forming right now?
As of Aug 14, 2026, TradingPal's detector identifies a rising wedge on Russell 2000 Index (IWM) on the daily chart, with a measured-move target of $282.04.
Is a rising wedge bullish or bearish?
The rising wedge detected on IWM is a bearish pattern, projecting a measured-move target of $282.04. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,362 trades over 631 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.01R. These are historical statistics, not a prediction.
What are the support and resistance levels for IWM?
Based on auto-detected, swing-derived levels (as of Aug 14, 2026), IWM's nearest support is around $303.19 and nearest resistance around $318.23.
What is the price target if IWM's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $282.04 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was IWM's closing price on Aug 14, 2026?
Russell 2000 Index (IWM) last closed at $305.09 on Aug 14, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.