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RGI
ETF ticker:
NYSE ARCA
AS OF
May 26 closing price
Price
$174.25
Change
+$3.97 (+2.33%)
Net Assets
373.05M

RGI Invesco S&P 500® Equal Wt Indls ETF Forecast, Technical & Fundamental Analysis

Category Industrials
AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT May 26, 2022

RGI's RSI Indicator ascends from oversold territory

The RSI Oscillator for RGI moved out of oversold territory on May 12, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 27 similar instances when the indicator left oversold territory. In 27 of the 27 cases the stock moved higher. This puts the odds of a move higher at 90%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where RGI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on May 25, 2022. You may want to consider a long position or call options on RGI as a result. In of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for RGI just turned positive on May 26, 2022. Looking at past instances where RGI's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RGI advanced for three days, in of 372 cases, the price rose further within the following month. The odds of a continued upward trend are .

RGI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

RGI moved below its 50-day moving average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for RGI crossed bearishly below the 50-day moving average on April 26, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where RGI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for RGI entered a downward trend on May 26, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed
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published General Information

General Information

Category Industrials

Profile
Fundamentals
Details
Category
Industrials
Address
Powershares Exchange Traded Fund Trust227 E Prairie AveWheaton
Phone
N/A
Web
www.invescopowershares.com

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RGI and

Correlation & Price change

A.I.dvisor indicates that over the last year, RGI has been closely correlated with VIS. These tickers have moved in lockstep 97% of the time. This A.I.-generated data suggests there is a high statistical probability that if RGI jumps, then VIS could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RGI
1D Price
Change %
RGI100%
+2.34%
VIS - RGI
97%
Closely correlated
+2.14%
XLI - RGI
97%
Closely correlated
+2.03%
FXR - RGI
96%
Closely correlated
+2.23%
IYJ - RGI
94%
Closely correlated
+2.18%
ITA - RGI
75%
Closely correlated
+1.63%
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