INVESCO S&P 500 EQUAL WEIGHT (RSPS) Stock Technical Analysis
NYSEARCA:RSPS - NYSE Arca - US46137V3731 - ETF - Currency: USD
We assign a technical rating of 5 out of 10 to RSPS. RSPS has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, RSPS is a bad performer in the overall market: 65% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
RSPS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RSPS is lagging the market slightly.
In the last month RSPS has a been trading in a tight range between 29.60 and 30.82.
Although the technical rating is only medium, RSPS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 30.31, a Stop Loss order could be placed below this zone.
More info and screens
28.27
33.26
When analyzing the support we can see 2 important areas.
- A support zone ranging from 30.03 to 30.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 30.21 to 30.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.25 to 31.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 32.51 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 | NEUTRAL | NEUTRAL | The long term trend for RSPS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RSPS is up. |
| ChartMill Relative Strength | 35.24 | NEUTRAL | RSPS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RSPS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RSPS is below the rising 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) | 51.02 | NEUTRAL | The RSI value for RSPS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RSPS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69 | NEUTRAL | The Stochastics value for RSPS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.06 | LOW VOLATILITY | The low ATR as a percentage value for RSPS suggests low volalility. |
| Average Directional Index/ADX (14) | 13.44 | NEGATIVE | The low ADX value for RSPS 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)
NYSEARCA:RSPS (6/5/2025, 1:20:35 PM)
30.2
-0.13 (-0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.43%
1 Week0.6%
2 Weeks-1.17%
1 Month0.9%
3 Month-2.91%
6 Month-3.68%
12 Month-3.35%
2 Year-9.42%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%1.06%
ATR Inc-20.39%
Range Today0.17
ADR(20)0.29
ADR(20)%0.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.24
Mansfield-0.58
10 Day High30.64
10 Day Low29.81
20 Day High30.82
20 Day Low29.6
52 Week High32.89
52 Week Low28.4
CS1 End30.31
CR1 Start31.25
Volume & EV
DER(3)-2.56%
DER(5)2.66%
Volume19.54K
Volume Incr-4.1%
Vol(5)46.20K
Vol(50)57.27K