INVESCO S&P 500 EQUAL WEIGHT (RSP) Stock Technical Analysis
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.
Both the short term and long term trends are positive. This is a very positive sign.
RSP 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 RSP is lagging the market slightly.
RSP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
RSP has an average volume of 10579500 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 61% 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 173.00 and 180.18.
RSP has an excellent technical rating and 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 177.54, a Stop Loss order could be placed below this zone.
More info and screens
155.60
189.51
We found 3 important support areas.
- A support zone ranging from 174.71 to 177.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 159.81 to 160.32. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @157.17 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 180.18 to 181.87. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 185.02 to 187.63. 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 | 61.35 | 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) | 62.74 | NEUTRAL | The RSI value for RSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 85.09 | OVERBOUGHT | The high Stochastics value suggests RSP may be overbought. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for RSP suggests low volalility. |
| Average Directional Index/ADX (14) | 14.25 | NEGATIVE | The low ADX value for RSP 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)
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. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
179.61
+0.89 (+0.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.5%
1 Week0.88%
2 Weeks1.14%
1 Month1.3%
3 Month4.03%
6 Month-1.4%
12 Month9.73%
2 Year20.03%
3 Year33.81%
5 Year76.5%
10 Year125.08%
15 Year375.16%
Volatility
ATR(14)2.05
ATR(20)%1.08%
ATR Inc-40.83%
Range Today0.99
ADR(20)1.77
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.35
Mansfield-0.25
10 Day High179.86
10 Day Low174.27
20 Day High180.18
20 Day Low173
52 Week High188.16
52 Week Low150.35
CS1 End177.54
CR1 Start180.18
Volume & EV
DER(3)0.51%
DER(5)-0.86%
Volume13.06M
Volume Incr21.85%
Vol(5)10.10M
Vol(50)10.58M