Overall RGI gets a technical rating of 7 out of 10. Although RGI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although RGI has an excellent technical rating, it does not present a decent entry opportunity 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
174.81
We found 2 important support areas.
- A support zone ranging from 181.66 to 187.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 176.58 to 178.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 194.02 to 195.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @199.49 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for RGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RGI is up. |
| ChartMill Relative Strength | 62.91 | NEUTRAL | RGI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.34 | NEUTRAL | The RSI value for RGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.48 | POSITIVE | The MACD value suggests RGI has a positive trend. |
| Stochastics (14,3) | 93.17 | OVERBOUGHT | The high Stochastics value suggests RGI may be overbought. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for RGI suggests low volalility. |
| Average Directional Index/ADX (14) | 10.67 | NEGATIVE | The low ADX value for RGI suggests a weak or negative trend. |
NYSEARCA:RGI (6/6/2023, 8:04:01 PM)
189.57
+1.51 (+0.8%)
INVESCO S&P 500 EQUAL WEIGHT / RGI FAQ
What is the ChartMill technical rating of INVESCO S&P 500 EQUAL WEIGHT (RGI) stock?
ChartMill assigns a technical rating of 7 / 10 to RGI.
Can you provide the trend direction for INVESCO S&P 500 EQUAL WEIGHT?
The current trend direction for INVESCO S&P 500 EQUAL WEIGHT (RGI) is Bullish.
What is the RSI signal for INVESCO S&P 500 EQUAL WEIGHT (RGI) stock?
INVESCO S&P 500 EQUAL WEIGHT (RGI) has an RSI value of 59.34. This indicates that the stock is currently neutral.
Can you provide the MACD signal for INVESCO S&P 500 EQUAL WEIGHT?
The MACD indicator for INVESCO S&P 500 EQUAL WEIGHT (RGI) has a value of 0.481325, indicating a bearish trend.
Can you provide the short term momentum for INVESCO S&P 500 EQUAL WEIGHT?
The short term momentum for INVESCO S&P 500 EQUAL WEIGHT (RGI) is positive.