INVESCO S&P 500 EQUAL WEIGHT (RTM) Stock Technical Analysis
USA - NYSEARCA:RTM - US46137V3160 - ETF
156.858 USD
+1.91 (+1.23%)
Taking everything into account, RTM scores 1 out of 10 in our technical rating. RTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
72% of all other stocks performed better in the past year than RTM.
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.
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
146.63
179.09
When analyzing the support we notice one important 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.
2 important resistance areas can be observed.
- 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.
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. |
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:RTM (6/6/2023, 8:04:00 PM)
156.858
+1.91 (+1.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.23%
1 Week4.47%
2 Weeks1.06%
1 Month-0.56%
3 Month-1.4%
6 Month-5.39%
12 Month-8.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.11
ATR(20)%1.32%
ATR Inc-1.27%
Range Today2.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS28.99
Mansfield-0.95
10 Day High156.95
10 Day Low147.61
20 Day High156.95
20 Day Low147.61
52 Week High177.58
52 Week Low140.23
CS1 End153.62
CR1 Start167.8
Volume & EV
DER(3)1.95%
DER(5)1.39%
Volume11.00K
Volume Incr74.37%
Vol(5)12.86K
Vol(50)8.60K