INVESCO S&P 500 MINIMUM VARI (SPMV) Stock Technical Analysis
NYSEARCA:SPMV - NYSE Arca - US46138E3475 - ETF - Currency: USD
Taking everything into account, SPMV scores 7 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, SPMV is only an average performer.
Warning: SPMV has an average volume of 1160 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
SPMV is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SPMV is performing more or less in line with the market.
When compared to the yearly performance of all other stocks, SPMV outperforms 67% of them, which is more or less in line with the market.
In the last month SPMV has a been trading in a tight range between 45.72 and 47.75.
Considerably lower volume is observed in the last couple of days.
Although SPMV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
43.02
48.73
We found 2 important support areas.
- A support zone ranging from 46.07 to 46.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.45 to 44.24. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.12 to 48.25. 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 SPMV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SPMV is up. |
| ChartMill Relative Strength | 67.43 | NEUTRAL | SPMV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SPMV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SPMV is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SPMV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.49 | NEUTRAL | The RSI value for SPMV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SPMV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.41 | NEUTRAL | The Stochastics value for SPMV is a neutral value. |
| Average True Range in percent/ATR (20) | 0.62 | LOW VOLATILITY | The low ATR as a percentage value for SPMV suggests low volalility. |
| Average Directional Index/ADX (14) | 13.8 | NEGATIVE | The low ADX value for SPMV suggests a weak or negative 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)
46.7601
-0.09 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.19%
1 Week-1.72%
2 Weeks1.09%
1 Month2.7%
3 Month-2.24%
6 Month-1.8%
12 Month8.2%
2 Year27.16%
3 Year22.66%
5 Year57.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%0.62%
ATR Inc-52.53%
Range Today0
ADR(20)0.06
ADR(20)%0.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.43
Mansfield-0.03
10 Day High47.75
10 Day Low46.53
20 Day High47.75
20 Day Low45.72
52 Week High48.25
52 Week Low42.38
CS1 End46.69
CR1 Start47.12
Volume & EV
DER(3)0%
DER(5)0%
Volume200
Volume Incr-5.88%
Vol(5)160
Vol(50)1.16K