INVESCO S&P 500 EQUAL WEIGHT (RYE) Stock Technical Analysis
USA - NYSEARCA:RYE - US46137V3657 - ETF
66.61 USD
+0.7 (+1.06%)
Taking everything into account, RYE scores 2 out of 10 in our technical rating. In the past year, RYE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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.
76% of all other stocks performed better in the past year than RYE.
RYE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RYE is lagging the market.
In the last month RYE has a been trading in the 63.19 - 67.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, RYE does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 66.14, a Stop Loss order could be placed below this zone.
More info and screens
62.72
79.72
When analyzing the support we can see 2 important areas.
- A support zone ranging from 65.40 to 66.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.35 to 64.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
6 important resistance areas can be observed.
- Resistance @68.91 from a trend line in the daily time frame.
- Resistance @70.98 from a trend line in the weekly time frame.
- Resistance @72.15 from a horizontal line in the daily time frame.
- Resistance @73.35 from a horizontal line in the daily time frame.
- Resistance @76.06 from a horizontal line in the weekly time frame.
- Resistance @78.93 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for RYE is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RYE is neutral. |
| ChartMill Relative Strength | 24.67 | NEGATIVE | RYE has a low relative strength, it was outperformed by 75.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RYE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RYE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.23 | NEUTRAL | The RSI value for RYE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests RYE has a positive trend. |
| Stochastics (14,3) | 75.9 | NEUTRAL | The Stochastics value for RYE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for RYE suggests some volalility. |
| Average Directional Index/ADX (14) | 15.5 | NEGATIVE | The low ADX value for RYE 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:RYE (6/6/2023, 8:04:00 PM)
66.61
+0.7 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.06%
1 Week3.21%
2 Weeks0.5%
1 Month0.88%
3 Month-2.5%
6 Month-3.55%
12 Month-14.05%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.47
ATR(20)%2.14%
ATR Inc-5.74%
Range Today1.66
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
CRS24.67
Mansfield-1.04
10 Day High67.34
10 Day Low63.19
20 Day High67.34
20 Day Low63.19
52 Week High80.15
52 Week Low55.85
CS1 End66.14
CR1 Start68.91
Volume & EV
DER(3)2.35%
DER(5)2.2%
Volume134.10K
Volume Incr68.6%
Vol(5)121.76K
Vol(50)91.01K