INVESCO S&P 500 REVENUE ETF (RWL) Stock Technical Analysis
NYSEARCA:RWL - NYSE Arca - US46138G6989 - ETF - Currency: USD
Taking everything into account, RWL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RWL is only an average performer.
Besides having an excellent technical rating, RWL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 104.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.47, a Stop Loss order could be placed below this zone.
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88.13
We found 4 important support areas.
- A support zone ranging from 102.48 to 104.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @100.07 from a horizontal line in the daily time frame.
- Support @94.45 from a trend line in the weekly time frame.
- A support zone ranging from 89.02 to 91.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 104.77 to 105.59. 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 | UP | POSITIVE | The long term trend for RWL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RWL is up. |
| ChartMill Relative Strength | 61.38 | NEUTRAL | RWL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RWL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RWL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RWL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.53 | NEUTRAL | The RSI value for RWL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests RWL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.51 | NEUTRAL | The Stochastics value for RWL is a neutral value. |
| Average True Range in percent/ATR (20) | 0.85 | LOW VOLATILITY | The low ATR as a percentage value for RWL suggests low volalility. |
| Average Directional Index/ADX (14) | 17.26 | NEGATIVE | The low ADX value for RWL 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 |
|---|---|---|---|
| 105.60 | 102.90 | 2.70 (2.56%) | 25.00% |
| An entry @105.60. This is a Buy Stop order right above the resistance zone. | An exit @102.90. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.70 points, which is 2.56%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- 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.
104.68
+0.76 (+0.73%)