INVESCO S&P 500 QUALITY ETF (SPHQ) Stock Technical Analysis
NYSEARCA:SPHQ - NYSE Arca - US46137V2410 - ETF - Currency: USD
We assign a technical rating of 10 out of 10 to SPHQ. Both in the recent history as in the last year, SPHQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that SPHQ is one of the better performing stocks in the market, outperforming 73% of all stocks. We also observe that the gains produced by SPHQ over the past year are nicely spread over this period.
A new 52 week high is currently being made by SPHQ, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SPHQ is leading the market.
In the last month SPHQ has a been trading in the 66.68 - 71.33 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
SPHQ has an average volume of 1425110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SPHQ 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
61.12
71.94
We found 2 important support areas.
- A support zone ranging from 66.57 to 70.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @61.74 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 71.09 to 71.23. 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 SPHQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPHQ is up. |
| ChartMill Relative Strength | 73.39 | POSITIVE | SPHQ has a high relative strength, it outperformed 73.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPHQ is above 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) | 67.15 | NEUTRAL | The RSI value for SPHQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPHQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 92.55 | OVERBOUGHT | The high Stochastics value suggests SPHQ may be overbought. |
| Average True Range in percent/ATR (20) | 1.13 | LOW VOLATILITY | The low ATR as a percentage value for SPHQ suggests low volalility. |
| Average Directional Index/ADX (14) | 22.76 | NEUTRAL | The ADX value for SPHQ suggests a possible start of a new 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)
71.08
+0.15 (+0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.21%
1 Week1.53%
2 Weeks0.71%
1 Month6.71%
3 Month3.95%
6 Month2.6%
12 Month13.53%
2 Year40.89%
3 Year69.24%
5 Year100.73%
10 Year208.64%
15 YearN/A
Volatility
ATR(14)0.79
ATR(20)%1.13%
ATR Inc-36.4%
Range Today0.3
ADR(20)0.7
ADR(20)%0.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.39
Mansfield0.2
10 Day High71.33
10 Day Low68.68
20 Day High71.33
20 Day Low66.68
52 Week High71.33
52 Week Low57.67
CS1 End70.41
CR1 Start71.09
Volume & EV
DER(3)5.71%
DER(5)4.17%
Volume1.12M
Volume Incr-7.79%
Vol(5)1.04M
Vol(50)1.43M