INVESCO S&P 500 EQUAL WEIGHT (RYF) Stock Technical Analysis
USA - NYSEARCA:RYF - US46137V3400 - ETF
50.6485 USD
+0.73 (+1.46%)
We assign a technical rating of 3 out of 10 to RYF. In the past year, RYF 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.
When comparing the yearly performance of all stocks, RYF is a bad performer in the overall market: 72% of all stocks are doing better.
RYF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month RYF has a been trading in a tight range between 48.01 and 50.77.
The technical rating of RYF 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
47.36
60.54
We found 1 important support area.
- A support zone ranging from 47.84 to 50.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 50.66 to 51.00. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @51.96 from a horizontal line in the daily time frame.
- A resistance zone ranging from 59.63 to 59.94. This zone is formed by a combination of multiple trend lines 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 RYF is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RYF is up. |
| ChartMill Relative Strength | 28.28 | NEGATIVE | RYF has a low relative strength, it was outperformed by 71.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RYF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.76 | NEUTRAL | The RSI value for RYF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests RYF has a positive trend. |
| Stochastics (14,3) | 91.98 | OVERBOUGHT | The high Stochastics value suggests RYF may be overbought. |
| Average True Range in percent/ATR (20) | 1.47 | LOW VOLATILITY | The low ATR as a percentage value for RYF suggests low volalility. |
| Average Directional Index/ADX (14) | 16.93 | NEGATIVE | The low ADX value for RYF 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:RYF (6/6/2023, 8:04:00 PM)
50.6485
+0.73 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.46%
1 Week3.2%
2 Weeks1.54%
1 Month2.74%
3 Month-3.73%
6 Month-11.36%
12 Month-7.03%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%1.47%
ATR Inc27.27%
Range Today0.5
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
CRS28.28
Mansfield-1.46
10 Day High50.77
10 Day Low48.01
20 Day High50.77
20 Day Low48.01
52 Week High62.37
52 Week Low47.21
CS1 End50.47
CR1 Start50.66
Volume & EV
DER(3)7.07%
DER(5)3.49%
Volume49.40K
Volume Incr-16.78%
Vol(5)26.22K
Vol(50)34.69K