NYSEARCA:RSP - NYSE Arca - US46137V3574 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to RSP. 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.
Besides having an excellent technical rating, RSP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 180.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 177.38, a Stop Loss order could be placed below this zone.
155.60
3 important support areas can be observed.
2 important resistance areas can be observed.
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 | 61.06 | 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) | 60.59 | NEUTRAL | The RSI value for RSP is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests RSP has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 72.28 | NEUTRAL | The Stochastics value for RSP is a neutral value. |
Average True Range in percent/ATR (20) | 1.19 | LOW VOLATILITY | The low ATR as a percentage value for RSP suggests low volalility. |
Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for RSP suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
181.88 | 174.26 | 7.62 (4.19%) | 23.87% |
An entry @181.88. This is a Buy Stop order right above the resistance zone. | An exit @174.26. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.62 points, which is 4.19%. | For a 1.00% total portfolio risk, you can invest 23.87% of your capital in this trade. |
178.72
+0.03 (+0.02%)