INVESCO S&P 500 MOMENTUM ETF (SPMO) Stock Technical Analysis
NYSEARCA:SPMO • US46138E3392
We assign a technical rating of 3 out of 10 to SPMO. In the last year, SPMO was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- SPMO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SPMO is lagging the market slightly.
- SPMO has an average volume of 1588200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SPMO outperforms 61% of them, which is more or less in line with the market.
- In the last month SPMO has a been trading in a tight range between 115.71 and 122.24.
Although the technical rating is bad, SPMO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 116.47, a Stop Loss order could be placed below this zone.
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81.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 113.23 to 116.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.08 from a trend line in the weekly time frame.
- Support @82.20 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 119.03 to 122.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @124.18 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SPMO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SPMO is neutral. |
| ChartMill Relative Strength | 61.15 | NEUTRAL | SPMO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SPMO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SPMO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPMO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.19 | NEUTRAL | The RSI value for SPMO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SPMO has a negative trend. |
| Stochastics (14,3) | 50.94 | NEUTRAL | The Stochastics value for SPMO is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for SPMO suggests low volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for SPMO suggests a weak or negative trend. |
118.25
-0.02 (-0.02%)
INVESCO S&P 500 MOMENTUM ETF / SPMO FAQ
What is the ChartMill technical rating of INVESCO S&P 500 MOMENTUM ETF (SPMO) stock?
ChartMill assigns a technical rating of 3 / 10 to SPMO.
Can you provide the trend direction for INVESCO S&P 500 MOMENTUM ETF?
The current trend direction for INVESCO S&P 500 MOMENTUM ETF (SPMO) is Bullish.
What is the RSI signal for SPMO stock?
INVESCO S&P 500 MOMENTUM ETF (SPMO) has an RSI value of 46.1936. This indicates that the stock is currently neutral.
Can you provide the short term momentum for INVESCO S&P 500 MOMENTUM ETF?
The short term momentum for INVESCO S&P 500 MOMENTUM ETF (SPMO) is neutral.