INVESCO S&P 500 EQUAL WEIGHT (RSPS) Stock Technical Analysis
USA - NYSEARCA:RSPS - US46137V3731 - ETF
29.19 USD
-0.1 (-0.34%)
29.23 USD
+0.04 (+0.14%)
We assign a technical rating of 0 out of 10 to RSPS. RSPS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, RSPS is a bad performer in the overall market: 78% of all stocks are doing better.
RSPS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month RSPS has a been trading in a tight range between 28.79 and 30.21.
Although the technical rating is bad, RSPS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.36. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.17, a Stop Loss order could be placed below this zone.
More info and screens
28.39
33.26
When analyzing the support we notice one important area.
- A support zone ranging from 28.68 to 29.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.36 to 30.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.04 to 31.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.81 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 32.56 to 32.93. 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 | DOWN | NEGATIVE | The long term trend for RSPS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RSPS is down. |
| ChartMill Relative Strength | 22.58 | NEGATIVE | RSPS has a low relative strength, it was outperformed by 77.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RSPS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RSPS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RSPS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.79 | NEUTRAL | The RSI value for RSPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RSPS has a positive trend. |
| Stochastics (14,3) | 41.03 | NEUTRAL | The Stochastics value for RSPS is a neutral value. |
| Average True Range in percent/ATR (20) | 0.92 | LOW VOLATILITY | The low ATR as a percentage value for RSPS suggests low volalility. |
| Average Directional Index/ADX (14) | 23.6 | NEUTRAL | The ADX value for RSPS suggests a possible start of a new 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)
29.19
-0.1 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.34%
1 Week-0.44%
2 Weeks-0.14%
1 Month-2.44%
3 Month-3.69%
6 Month-2.86%
12 Month-8.09%
2 Year0.48%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%0.92%
ATR Inc-7.3%
Range Today0.17
ADR(20)0.25
ADR(20)%0.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.58
Mansfield-1.44
10 Day High29.46
10 Day Low28.79
20 Day High30.21
20 Day Low28.79
52 Week High32.4
52 Week Low28.4
CS1 End29.17
CR1 Start29.36
Volume & EV
DER(3)2.91%
DER(5)0.12%
Volume26.70K
Volume Incr15.1%
Vol(5)38.38K
Vol(50)48.71K