Technical Analysis for RSP - Guggenheim S&P 500 Equal Weight ETF

Grade Last Price % Change Price Change
grade D 97.14 0.76% 0.73
RSP closed up 0.25 percent on Wednesday, January 16, 2019, on 58 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. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Weak or Absent Down Flat Up
See historical RSP trend table...

Date Alert Name Type % Chg
Jan 16 Narrow Range Bar Range Contraction 0.76%
Jan 16 NR7 Range Contraction 0.76%
Jan 16 Overbought Stochastic Strength 0.76%
Jan 15 Narrow Range Bar Range Contraction 1.01%
Jan 15 Overbought Stochastic Strength 1.01%
Jan 14 Stochastic Sell Signal Bearish 1.78%
Jan 14 Narrow Range Bar Range Contraction 1.78%
Jan 14 NR7 Range Contraction 1.78%
Jan 14 NR7-2 Range Contraction 1.78%
Jan 14 Overbought Stochastic Strength 1.78%

Older signals for RSP ...

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Profile
The investment seeks to replicate as closely as possible, before fees and expenses, the daily performance of the S&P 500 Equal Weight Index Total Return. The fund will invest at least 90% of its net assets, plus any borrowings for investment purposes, in the equity securities included in the underlying index. It may hold up to 10% of its assets in securities not included in the underlying index. The underlying index is an unmanaged equal-weighted version of the S&P 500 Index, which is an unmanaged capitalization-weighted index comprised of 500 common stocks, chosen by "S&P" on a statistical basis. The fund is non-diversified.
Is RSP a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 2 bearish and 3 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 108.885
52 Week Low 85.76
Average Volume 1,316,042
200-Day Moving Average 101.6061
50-Day Moving Average 96.8468
20-Day Moving Average 92.5865
10-Day Moving Average 94.579
Average True Range 1.7099
ADX 21.54
+DI 26.3693
-DI 21.1211
Chandelier Exit (Long, 3 ATRs ) 91.7473
Chandelier Exit (Short, 3 ATRs ) 90.88970000000001
Upper Bollinger Band 98.1231
Lower Bollinger Band 87.0499
Percent B (%b) 0.85
BandWidth 11.959843
MACD Line -0.0416
MACD Signal Line -0.8788
MACD Histogram 0.8372
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 97.33
Resistance 3 (R3) 97.35 97.06 97.17
Resistance 2 (R2) 97.06 96.83 97.05 97.12
Resistance 1 (R1) 96.74 96.69 96.90 96.72 97.07
Pivot Point 96.45 96.45 96.54 96.44 96.45
Support 1 (S1) 96.13 96.22 96.29 96.11 95.75
Support 2 (S2) 95.84 96.08 95.83 95.70
Support 3 (S3) 95.52 95.84 95.65
Support 4 (S4) 95.50