INVESCO S&P 500 EQUAL WEIGHT (RSPS) Stock Technical Analysis
NYSEARCA:RSPS - NYSE Arca - US46137V3731 - ETF - Currency: USD
We assign a technical rating of 6 out of 10 to RSPS. Although RSPS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, RSPS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.25. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.92, a Stop Loss order could be placed below this zone.
More info and screens
28.27
We found 2 important support areas.
- A support zone ranging from 29.70 to 30.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.56 to 29.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.25 to 31.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 31.81 to 31.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.56 to 32.94. 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 RSPS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSPS is up. |
| ChartMill Relative Strength | 33.23 | NEUTRAL | RSPS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RSPS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RSPS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of RSPS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.05 | NEUTRAL | The RSI value for RSPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests RSPS has a positive trend. |
| Stochastics (14,3) | 68.99 | NEUTRAL | The Stochastics value for RSPS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for RSPS suggests low volalility. |
| Average Directional Index/ADX (14) | 19.46 | NEGATIVE | The low ADX value for RSPS 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 |
|---|---|---|---|
| 31.26 | 30.48 | 0.78 (2.50%) | 25.00% |
| An entry @31.26. This is a Buy Stop order right above the resistance zone. | An exit @30.48. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.78 points, which is 2.50%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- 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:RSPS (8/20/2025, 11:44:54 AM)
31.11
+0.09 (+0.29%)