INVESCO S&P 500 QUALITY ETF (SPHQ) Stock Technical Analysis
USA - NYSEARCA:SPHQ - US46137V2410 - ETF
Taking everything into account, SPHQ scores 6 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, SPHQ is only an average performer.
Although the technical rating is only medium, SPHQ does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 73.45, a Stop Loss order could be placed below this zone.
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61.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 70.77 to 73.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.14 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 73.65 to 75.00. 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 | UP | POSITIVE | The long term trend for SPHQ is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPHQ is neutral. |
| ChartMill Relative Strength | 63.04 | NEUTRAL | SPHQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SPHQ is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPHQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPHQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.75 | NEUTRAL | The RSI value for SPHQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests SPHQ has a negative trend. |
| Stochastics (14,3) | 57.66 | NEUTRAL | The Stochastics value for SPHQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for SPHQ suggests low volalility. |
| Average Directional Index/ADX (14) | 12.21 | NEGATIVE | The low ADX value for SPHQ 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 |
|---|---|---|---|
| 73.77 | 72.80 | 0.97 (1.31%) | 25.00% |
| An entry @73.77. This is a Buy Stop order right above the 10 day moving average. | An exit @72.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.97 points, which is 1.31%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SPHQ. 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.
73.64
-0.76 (-1.02%)
INVESCO S&P 500 QUALITY ETF / SPHQ FAQ
What is the ChartMill technical rating of INVESCO S&P 500 QUALITY ETF (SPHQ) stock?
ChartMill assigns a technical rating of 6 / 10 to SPHQ.
Can you provide the trend direction for INVESCO S&P 500 QUALITY ETF?
The current trend direction for INVESCO S&P 500 QUALITY ETF (SPHQ) is Bullish.
What is the RSI signal for SPHQ stock?
INVESCO S&P 500 QUALITY ETF (SPHQ) has an RSI value of 48.7508. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for INVESCO S&P 500 QUALITY ETF?
INVESCO S&P 500 QUALITY ETF (SPHQ) has a support level at 73.45 and a resistance level at 73.65. Check the full technical report for our detailed analysis of SPHQ support and resistance levels.