INVESCO S&P 500 EQUAL WEIGHT (RYT) Stock Technical Analysis
USA - NYSEARCA:RYT - US46137V2824 - ETF
We assign a technical rating of 9 out of 10 to RYT. Both in the recent history as in the last year, RYT has proven to be a steady performer, scoring decent points in every aspect analyzed.
RYT has an excellent technical rating, but the quality of the setup is only medium 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
250.04
We found 3 important support areas.
- A support zone ranging from 278.19 to 281.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 260.74 to 271.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 252.57 to 256.06. 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 284.23 to 284.23. 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 RYT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RYT is up. |
| ChartMill Relative Strength | 71.17 | POSITIVE | RYT has a high relative strength, it outperformed 71.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RYT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RYT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RYT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.57 | NEUTRAL | The RSI value for RYT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests RYT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.21 | OVERBOUGHT | The high Stochastics value suggests RYT may be overbought. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for RYT suggests low volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for RYT suggests a strong 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 |
|---|---|---|---|
| 284.24 | 278.18 | 6.06 (2.13%) | 25.00% |
| An entry @284.24. This is a Buy Stop order right above the resistance zone. | An exit @278.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.06 points, which is 2.13%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.53%. |
- The distance between exit and entry is rather small compared to the average daily movement of RYT. Please evaluate whether better entry and exit points can be found.
- 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:RYT (6/6/2023, 8:04:00 PM)
282.01
+1 (+0.36%)
INVESCO S&P 500 EQUAL WEIGHT / RYT FAQ
What is the technical rating for RYT stock?
ChartMill assigns a technical rating of 9 / 10 to RYT.
Can you provide the trend direction for INVESCO S&P 500 EQUAL WEIGHT?
The current trend direction for INVESCO S&P 500 EQUAL WEIGHT (RYT) is Bullish.
Can you provide the RSI signal for INVESCO S&P 500 EQUAL WEIGHT?
INVESCO S&P 500 EQUAL WEIGHT (RYT) has an RSI value of 62.5702. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO S&P 500 EQUAL WEIGHT?
The short term momentum for INVESCO S&P 500 EQUAL WEIGHT (RYT) is positive.
Can you provide the support and resistance levels for INVESCO S&P 500 EQUAL WEIGHT?
INVESCO S&P 500 EQUAL WEIGHT (RYT) has a support level at 281.67 and a resistance level at 284.23. Check the full technical report for our detailed analysis of RYT support and resistance levels.