INVESCO S&P 500 EQUAL WEIGHT (RSPN) Stock Technical Analysis
NYSEARCA:RSPN - NYSE Arca - US46137V3244 - ETF - Currency: USD
Taking everything into account, RSPN scores 7 out of 10 in our technical rating. In the last year, RSPN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, RSPN also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 51.54, a Stop Loss order could be placed below this zone.
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43.84
3 important support areas can be observed.
- A support zone ranging from 50.84 to 51.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.21 to 45.38. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @44.28 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.48 to 53.26. This zone is formed by a combination of multiple trend lines and important moving averages 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 RSPN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSPN is up. |
| ChartMill Relative Strength | 75.52 | POSITIVE | RSPN has a high relative strength, it outperformed 75.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RSPN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RSPN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RSPN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.81 | NEUTRAL | The RSI value for RSPN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests RSPN has a negative trend. |
| Stochastics (14,3) | 59.92 | NEUTRAL | The Stochastics value for RSPN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.1 | LOW VOLATILITY | The low ATR as a percentage value for RSPN suggests low volalility. |
| Average Directional Index/ADX (14) | 24.96 | NEUTRAL | The ADX value for RSPN suggests a possible start of a new 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 |
|---|---|---|---|
| 52.60 | 51.46 | 1.14 (2.17%) | 25.00% |
| An entry @52.60. This is a Buy Stop order right above the 10 day moving average. | An exit @51.46. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.14 points, which is 2.17%. | For a 0.54% total portfolio risk, you can invest 25.00% 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.
NYSEARCA:RSPN (6/13/2025, 8:04:00 PM)
52.08
-0.61 (-1.16%)