INVESCO S&P 500 EQUAL WEIGHT (RTM) Technical Analysis
NYSEARCA:RTM • US46137V3160
Current stock price
RTM Technical Rating and Analysis
Taking everything into account, RTM scores 1 out of 10 in our technical rating. RTM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, RTM is a bad performer in the overall market: 72% of all stocks are doing better.
- Warning: RTM has an average volume of 8598 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month RTM has a been trading in the 147.61 - 156.95 range, which is quite wide. It is currently trading near the high of this range.
- RTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RTM is lagging the market.
- Volume is considerably higher in the last couple of days.
RTM Weekly and Daily overview Charts
RTM Setup Rating and Analysis
The technical rating of RTM is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RTM Support and Resistance Analysis
146.63
We found 1 important support area.
- A support zone ranging from 148.11 to 153.62. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 167.80 to 169.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 172.57 to 177.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
RTM Technical Indicator Signal Analysis
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 RTM is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RTM is neutral. |
| ChartMill Relative Strength | 28.99 | NEGATIVE | RTM has a low relative strength, it was outperformed by 71.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RTM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RTM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RTM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55 | NEUTRAL | The RSI value for RTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.59 | POSITIVE | The MACD value suggests RTM has a positive trend. |
| Stochastics (14,3) | 90.07 | OVERBOUGHT | The high Stochastics value suggests RTM may be overbought. |
| Average True Range in percent/ATR (20) | 1.32 | LOW VOLATILITY | The low ATR as a percentage value for RTM suggests low volalility. |
| Average Directional Index/ADX (14) | 24.5 | NEUTRAL | The ADX value for RTM suggests a possible start of a new trend. |
RTM Chart- and CandleStick Pattern Analysis
RTM Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:RTM (6/6/2023, 8:04:00 PM)
156.858
+1.91 (+1.23%)
INVESCO S&P 500 EQUAL WEIGHT / RTM TA FAQ
What is the ChartMill technical rating of INVESCO S&P 500 EQUAL WEIGHT (RTM) stock?
ChartMill assigns a technical rating of 1 / 10 to RTM.
What is the current trend direction of INVESCO S&P 500 EQUAL WEIGHT (RTM) stock?
The current trend direction for INVESCO S&P 500 EQUAL WEIGHT (RTM) is Bearish.
What is the RSI signal for INVESCO S&P 500 EQUAL WEIGHT (RTM) stock?
INVESCO S&P 500 EQUAL WEIGHT (RTM) has an RSI value of 55.001. This indicates that the stock is currently neutral.
What are the support and resistance levels for INVESCO S&P 500 EQUAL WEIGHT (RTM) stock?
INVESCO S&P 500 EQUAL WEIGHT (RTM) has a support level at 153.62 and a resistance level at 167.8. Check the full technical report for our detailed analysis of RTM support and resistance levels.