INVESCO S&P 500 EQUAL WEIGHT (RHS) Technical Analysis
NYSEARCA:RHS • US46137V3731
Current stock price
RHS Technical Rating and Analysis
Taking everything into account, RHS scores 2 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 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 comparing the performance of all stocks over the past year, RHS turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
- RHS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RHS is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
RHS Weekly and Daily overview Charts
RHS Setup Rating and Analysis
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.
More info and screens
RHS Support and Resistance Analysis
152.24
When analyzing the support we can see 3 important 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.
3 important resistance areas can be observed.
- 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.
RHS 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RHS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RHS is down. |
| ChartMill Relative Strength | 45.98 | NEUTRAL | RHS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RHS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RHS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RHS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.62 | NEUTRAL | The RSI value for RHS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests RHS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.21 | NEUTRAL | The Stochastics value for RHS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for RHS suggests low volalility. |
| Average Directional Index/ADX (14) | 30.24 | POSITIVE | The high ADX value value for RHS suggests a strong trend. |
RHS Chart- and CandleStick Pattern Analysis
RHS Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:RHS (6/6/2023, 8:04:01 PM)
166.46
-0.67 (-0.4%)
INVESCO S&P 500 EQUAL WEIGHT / RHS TA FAQ
What is the ChartMill technical rating of INVESCO S&P 500 EQUAL WEIGHT (RHS) stock?
ChartMill assigns a technical rating of 2 / 10 to RHS.
What is the trend direction for RHS stock?
The current trend direction for INVESCO S&P 500 EQUAL WEIGHT (RHS) is Bearish.
What is the RSI signal for INVESCO S&P 500 EQUAL WEIGHT (RHS) stock?
INVESCO S&P 500 EQUAL WEIGHT (RHS) has an RSI value of 36.6235. This indicates that the stock is currently neutral.
What is the MACD signal for INVESCO S&P 500 EQUAL WEIGHT (RHS) stock?
The MACD indicator for INVESCO S&P 500 EQUAL WEIGHT (RHS) has a value of -0.409148, indicating a bearish trend.
What is the support and resistance level for RHS stock?
INVESCO S&P 500 EQUAL WEIGHT (RHS) has a support level at 163.74 and a resistance level at 166.92. Check the full technical report for our detailed analysis of RHS support and resistance levels.