INVESCO S&P 500 EQUAL WEIGHT (RYU) Stock Technical Analysis
USA - NYSEARCA:RYU - US46137V2741 - ETF
109.8 USD
+0.06 (+0.06%)
Overall RYU gets a technical rating of 1 out of 10. RYU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, RYU is a bad performer in the overall market: 66% of all stocks are doing better.
RYU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
RYU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RYU is lagging the market.
RYU has a poor technical rating and the quality of the setup is also 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
100.42
119.87
When analyzing the support we can see 3 important areas.
- A support zone ranging from 108.32 to 108.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 105.76 to 106.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 101.43 to 102.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 111.02 to 118.68. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for RYU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RYU is down. |
| ChartMill Relative Strength | 34.69 | NEUTRAL | RYU is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RYU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of RYU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RYU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.04 | NEUTRAL | The RSI value for RYU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RYU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.03 | NEUTRAL | The Stochastics value for RYU is a neutral value. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for RYU suggests low volalility. |
| Average Directional Index/ADX (14) | 27.95 | POSITIVE | The high ADX value value for RYU suggests a strong 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:RYU (6/6/2023, 8:04:00 PM)
109.8
+0.06 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.06%
1 Week1.75%
2 Weeks-0.93%
1 Month-4.56%
3 Month2.03%
6 Month-6.11%
12 Month-6.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.42
ATR(20)%1.36%
ATR Inc-28.04%
Range Today0.76
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
CRS34.69
Mansfield-1.1
10 Day High111.54
10 Day Low107.07
20 Day High116.23
20 Day Low107.07
52 Week High127.59
52 Week Low99.69
CS1 End108.99
CR1 Start111.02
Volume & EV
DER(3)0.03%
DER(5)-2.95%
Volume21.80K
Volume Incr-24.54%
Vol(5)36.60K
Vol(50)35.99K