Technical Analysis for RSP - Guggenheim S&P 500 Equal Weight ETF
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
 |
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.
| 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% |
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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.
| 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. | ||
See more RSP news...
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 |
