INVESCO S&P MIDCAP 400 REV (RWK) Stock Technical Analysis
NYSEARCA:RWK - NYSE Arca - US46138G6724 - ETF - Currency: USD
Taking everything into account, RWK scores 6 out of 10 in our technical rating. In the last year, RWK was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, RWK 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 114.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 113.92, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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97.47
When analyzing the support we can see 3 important areas.
- A support zone ranging from 113.22 to 113.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 111.23 to 111.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 98.45 to 99.95. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 114.58 to 116.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @123.18 from a horizontal line in the daily time frame.
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 RWK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RWK is up. |
| ChartMill Relative Strength | 54.53 | NEUTRAL | RWK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of RWK is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RWK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RWK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.01 | NEUTRAL | The RSI value for RWK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests RWK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.89 | OVERBOUGHT | The high Stochastics value suggests RWK may be overbought. |
| Average True Range in percent/ATR (20) | 1.34 | LOW VOLATILITY | The low ATR as a percentage value for RWK suggests low volalility. |
| Average Directional Index/ADX (14) | 16 | NEGATIVE | The low ADX value for RWK 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 |
|---|---|---|---|
| 116.57 | 113.21 | 3.36 (2.88%) | 25.00% |
| An entry @116.57. This is a Buy Stop order right above the resistance zone. | An exit @113.21. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.36 points, which is 2.88%. | For a 0.72% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:RWK (6/11/2025, 6:40:00 PM)
114.49
-0.53 (-0.46%)