Logo image of RHS

INVESCO S&P 500 EQUAL WEIGHT (RHS) Stock Technical Analysis

USA - NYSEARCA:RHS - US46137V3731 - ETF

166.46 USD
-0.67 (-0.4%)
Last: 6/6/2023, 8:04:01 PM
Technical Rating and Analysis

2

We assign a technical rating of 2 out of 10 to RHS. RHS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
In the last month RHS has a been trading in the 164.75 - 175.05 range, which is quite wide. It is currently trading near the lows of this range.
When compared to the yearly performance of all other stocks, RHS outperforms 45% of them, which is more or less in line with the market.
RHS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RHS is lagging the market.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
INVESCO S&P 500 EQUAL WEIGHT / RHS Weekly stock chart
INVESCO S&P 500 EQUAL WEIGHT / RHS Daily stock chart
Setup Rating and Analysis

3

The technical rating of RHS 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.

Support and Resistance Analysis

152.24

182.53

We found 3 important support areas.

  • A support zone ranging from 163.74 to 163.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @157.79 from a horizontal line in the weekly time frame.
  • A support zone ranging from 153.78 to 154.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 166.92 to 166.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 169.73 to 171.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 177.20 to 180.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for RHS is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for RHS is down.
ChartMill Relative Strength45.98NEUTRALRHS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of RHS is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of RHS is below the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of RHS is below a declining SMA(200).
Relative Strength Index/RSI (14)36.62NEUTRALThe RSI value for RHS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.41NEGATIVEThe MACD value suggests RHS has a negative trend, although the MACD value is rising.
Stochastics (14,3)25.21NEUTRALThe Stochastics value for RHS is a neutral value.
Average True Range in percent/ATR (20)0.95LOW VOLATILITYThe low ATR as a percentage value for RHS suggests low volalility.
Average Directional Index/ADX (14)30.24POSITIVEThe high ADX value value for RHS suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
INVESCO S&P 500 EQUAL WEIGHT / RHS Daily stock chart

INVESCO S&P 500 EQUAL WEIGHT

NYSEARCA:RHS (6/6/2023, 8:04:01 PM)

166.46

-0.67 (-0.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.4%
1 Week0.77%
2 Weeks-2.36%
1 Month-4.74%
3 Month2.04%
6 Month-4.18%
12 Month1.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.71
ATR(20)%0.95%
ATR Inc25.14%
Range Today2.03
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
CRS45.98
Mansfield-0.83
10 Day High170.08
10 Day Low164.75
20 Day High175.05
20 Day Low164.75
52 Week High178.08
52 Week Low153.2
CS1 End163.74
CR1 Start166.92
Volume & EV
DER(3)1.01%
DER(5)-1.1%
Volume327.90K
Volume Incr200.2%
Vol(5)222.94K
Vol(50)97.58K