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

Auto-detected technical analysis for IWM · data as of Jun 30, 2026. The chart above is live; the read below updates daily.

$300.45last close · Jun 30, 2026
Rising Wedge · playing out now

IWM is breaking out above a rising wedge — these usually break lower, so a push higher instead is a notably bullish turn.

On this chart, setups like it have followed through about 68% of the time.

As long as price stays above $277.6, the setup is intact — a daily close back below there is the cue to step away.

A natural first target sits near $314.7 — but moves like this often run further. The simple way to follow the rest is to stay with the 10-day average, and only step aside when a day closes below it.

IWM rising wedge pattern

IWM is currently forming a Rising Wedge on the daily timeframe. Detected Jun 30, 2026.

DirectionBullishTarget$314.65Projected move+6.9%Breakout level$295.94

How rising wedges have performed

Win rate
49.3%
Avg return
+0.13R
Backtested trades
14,154

Historical pattern statistics (1986-12-18 – 2026-06-11), not a prediction.

IWM support and resistance levels

On the weekly chart, the nearest level worth watching is a ceiling overhead near $318.23 — where price has stalled before.

  • There's no clear floor close by yet, so this one line is the main thing to watch — a ceiling often acts like a lid.
  • Watch how price behaves as it approaches $318.23 — that's where the next read tends to form.

Nearest auto-detected resistance near $321.10. These are chart/swing-derived levels, not formula pivots.

Resistance
$321.10$329.37$376.22

IWM recent daily prices

DateOpenHighLowClose
Jun 30, 2026$298.56$300.98$297.44$300.45
Jun 29, 2026$298.11$299.16$294.68$298.97
Jun 26, 2026$296.60$300.03$295.73$299.83
Jun 25, 2026$299.52$301.50$296.73$298.91
Jun 24, 2026$295.88$299.69$294.69$296.69
Jun 23, 2026$293.26$297.75$292.40$295.32
Jun 22, 2026$297.13$299.49$296.16$298.18
Jun 18, 2026$294.55$295.97$291.42$295.59
Jun 17, 2026$292.47$295.82$288.93$289.88
Jun 16, 2026$295.50$296.80$291.58$292.08

IWM frequently asked questions

What chart pattern is IWM forming right now?
As of Jun 30, 2026, TradingPal's detector identifies a Rising Wedge on Russell 2000 Index (IWM) on the daily chart, with a measured-move target of $314.65.
Is a Rising Wedge bullish or bearish?
The Rising Wedge detected on IWM is a bullish pattern, projecting a measured-move target of $314.65. 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 (14,154 trades over 516 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.13R. 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 Jun 30, 2026), IWM's nearest support is around n/a and nearest resistance around $321.10.
What is the price target if IWM's pattern breaks out?
The detected Rising Wedge has a geometry-based measured-move target of $314.65 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was IWM's closing price on Jun 30, 2026?
Russell 2000 Index (IWM) last closed at $300.45 on Jun 30, 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.

Go Premium