Technical Analysis for RSPM - Invesco S&P 500 Equal Weight Materials ETF

Grade Last Price % Change Price Change
B 36.41 -0.11% -0.04
RSPM closed up 0.58 percent on Friday, May 17, 2024, on 51 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New 52 Week Closing High Bullish -0.11%
180 Bullish Setup Bullish Swing Setup -0.11%
NR7 Range Contraction -0.11%
Narrow Range Bar Range Contraction -0.11%
Overbought Stochastic Strength -0.11%
Narrow Range Bar Range Contraction 0.47%
Overbought Stochastic Strength 0.47%
New 52 Week High Strength 0.05%
Outside Day Range Expansion 0.05%
Gapped Up Strength 0.05%

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Profile

The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of all of the components of the S&P 500® Materials Index, an index that contains the common stocks of all companies included in the S&P 500® Index that are classified as members of the materials sector, as defined according to the Global Industry Classification Standard (GICS).
Classification

Keywords: Stock Fund S&P Global S&P 500 Index Global Industry Classification Standard

Top 10 Components

Symbol Grade Price % Change Allocation
FCX B 0.92 4.47
NEM B 1.47 4.27
IFF B -0.78 3.83
BALL B -0.41 3.80
EMN B 0.23 3.75
WRK A -0.83 3.75
ALB D -2.39 3.63
DD B 0.15 3.62
ECL B 0.00 3.61
LYB D -0.87 3.60

Is RSPM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 36.65
52 Week Low 28.6306
Average Volume 30,656
200-Day Moving Average 32.61
50-Day Moving Average 35.43
20-Day Moving Average 35.46
10-Day Moving Average 36.20
Average True Range 0.37
RSI (14) 64.54
ADX 30.34
+DI 33.24
-DI 13.33
Chandelier Exit (Long, 3 ATRs) 35.55
Chandelier Exit (Short, 3 ATRs) 35.14
Upper Bollinger Bands 37.07
Lower Bollinger Band 33.85
Percent B (%b) 0.81
BandWidth 9.07
MACD Line 0.39
MACD Signal Line 0.28
MACD Histogram 0.1087
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 36.66
Resistance 3 (R3) 36.64 36.54 36.63
Resistance 2 (R2) 36.54 36.49 36.56 36.62
Resistance 1 (R1) 36.50 36.46 36.52 36.52 36.60
Pivot Point 36.40 36.40 36.42 36.42 36.40
Support 1 (S1) 36.36 36.35 36.38 36.38 36.30
Support 2 (S2) 36.26 36.32 36.27 36.29
Support 3 (S3) 36.22 36.26 36.27
Support 4 (S4) 36.24