INVESCO S&P 500 EQUAL WEIGHT (RSP) Stock Technical Analysis
NYSEARCA:RSP • US46137V3574
Taking everything into account, RSP scores 8 out of 10 in our technical rating. Although RSP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by RSP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- RSP has an average volume of 16636700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, RSP outperforms 65% of them, which is more or less in line with the market.
- In the last month RSP has a been trading in a tight range between 195.78 and 204.17.
- Volume is considerably higher in the last couple of days.
RSP has an excellent technical rating, but the quality of the setup is only medium 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
158.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 195.88 to 201.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @191.77 from a horizontal line in the daily time frame.
- A support zone ranging from 185.11 to 187.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @182.17 from a horizontal line in the daily time frame.
- Support @159.81 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 203.47 to 203.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 RSP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSP is up. |
| ChartMill Relative Strength | 65.74 | NEUTRAL | RSP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RSP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.16 | NEUTRAL | The RSI value for RSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests RSP has a positive trend. |
| Stochastics (14,3) | 91.46 | OVERBOUGHT | The high Stochastics value suggests RSP may be overbought. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for RSP suggests low volalility. |
| Average Directional Index/ADX (14) | 18.1 | NEGATIVE | The low ADX value for RSP suggests a weak or negative trend. |
203.46
+0.36 (+0.18%)
INVESCO S&P 500 EQUAL WEIGHT / RSP FAQ
What is the technical rating for RSP stock?
ChartMill assigns a technical rating of 8 / 10 to RSP.
Can you provide the trend direction for INVESCO S&P 500 EQUAL WEIGHT?
The current trend direction for INVESCO S&P 500 EQUAL WEIGHT (RSP) is Bullish.
What is the RSI signal for INVESCO S&P 500 EQUAL WEIGHT (RSP) stock?
INVESCO S&P 500 EQUAL WEIGHT (RSP) has an RSI value of 67.1618. This indicates that the stock is currently neutral.
What is the buy/sell signal for RSP stock?
The buy/sell signal for INVESCO S&P 500 EQUAL WEIGHT (RSP) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for INVESCO S&P 500 EQUAL WEIGHT (RSP) stock?
INVESCO S&P 500 EQUAL WEIGHT (RSP) has a support level at 201.29 and a resistance level at 203.47. Check the full technical report for our detailed analysis of RSP support and resistance levels.