INVESCO S&P 500 EQUAL WEIGHT (RGI) Stock Technical Analysis
NYSEARCA:RGI - NYSE Arca - US46137V3244 - ETF - Currency: USD
Taking everything into account, RGI scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RGI is only an average performer.
Warning: RGI has an average volume of 20882 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
RGI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RGI is lagging the market slightly.
When compared to the yearly performance of all other stocks, RGI outperforms 62% of them, which is more or less in line with the market.
In the last month RGI has a been trading in a tight range between 180.74 and 189.80.
Volume is considerably higher in the last couple of days.
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
201.48
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.
2 important resistance areas can be observed.
- 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. |
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:RGI (6/6/2023, 8:04:01 PM)
189.57
+1.51 (+0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.8%
1 Week2.95%
2 Weeks1.31%
1 Month2.16%
3 Month2.7%
6 Month4.54%
12 Month12.69%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.45
ATR(20)%1.22%
ATR Inc-33.93%
Range Today1.33
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
CRS62.91
Mansfield-0.14
10 Day High189.8
10 Day Low180.74
20 Day High189.8
20 Day Low180.74
52 Week High196.64
52 Week Low154.21
CS1 End187.52
CR1 Start194.02
Volume & EV
DER(3)-2.08%
DER(5)-0.92%
Volume31.60K
Volume Incr717.35%
Vol(5)85.74K
Vol(50)20.88K