INVESCO S&P 500 EQUAL WEIGHT (EWRE) Stock Technical Analysis
USA - NYSEARCA:EWRE - US46137V2907 - ETF
30.577 USD
+0.24 (+0.78%)
Taking everything into account, EWRE scores 2 out of 10 in our technical rating. In the past year, EWRE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, EWRE is a bad performer in the overall market: 70% of all stocks are doing better.
EWRE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: EWRE has an average volume of 17472 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month EWRE has a been trading in the 28.78 - 30.98 range, which is quite wide. It is currently trading near the high of this range.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
Considerably lower volume is observed in the last couple of days.
The technical rating of EWRE is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
28.08
36.09
We found 2 important support areas.
- A support zone ranging from 29.72 to 30.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.36 to 28.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 31.01 to 31.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.28 from a horizontal line in the weekly time frame.
- Resistance @35.73 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for EWRE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EWRE is up. |
| ChartMill Relative Strength | 30.44 | NEUTRAL | EWRE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EWRE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EWRE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EWRE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.05 | NEUTRAL | The RSI value for EWRE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests EWRE has a positive trend. |
| Stochastics (14,3) | 92.33 | OVERBOUGHT | The high Stochastics value suggests EWRE may be overbought. |
| Average True Range in percent/ATR (20) | 1.38 | LOW VOLATILITY | The low ATR as a percentage value for EWRE suggests low volalility. |
| Average Directional Index/ADX (14) | 20.75 | NEUTRAL | The ADX value for EWRE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSEARCA:EWRE (6/6/2023, 8:08:08 PM)
30.577
+0.24 (+0.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.78%
1 Week3.97%
2 Weeks1.77%
1 Month-0.37%
3 Month2.3%
6 Month-3.85%
12 Month-10.23%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%1.38%
ATR Inc-43.27%
Range Today0.3
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.44
Mansfield-1.15
10 Day High30.58
10 Day Low28.78
20 Day High30.98
20 Day Low28.78
52 Week High37.7
52 Week Low28.08
CS1 End30.53
CR1 Start31.01
Volume & EV
DER(3)4.48%
DER(5)4.08%
Volume8.50K
Volume Incr-30.97%
Vol(5)8.66K
Vol(50)17.47K