RGI Invesco S&P 500® Equal Wt Indls ETF Forecast, Technical & Fundamental Analysis
Momentum Indicator for RGI turns negative, indicating new downward trend
RGI saw its Momentum Indicator move below the 0 level on May 30, 2023. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for RGI turned negative on May 24, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .
RGI moved below its 50-day moving average on May 30, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The 10-day moving average for RGI crossed bullishly above the 50-day moving average on May 01, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher 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 369 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.
The Aroon Indicator entered an Uptrend today. In of 352 cases where RGI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Industrials
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| FTTNX | 11.06 | N/A | N/A |
| Fidelity Advisor Asset Manager® 30% M | |||
| MRIEX | 12.00 | -0.02 | -0.17% |
| Meridian Enhanced Equity Investor | |||
| IHGIX | 29.62 | -0.16 | -0.54% |
| Hartford Dividend and Growth A | |||
| BRUEX | 13.21 | -0.10 | -0.75% |
| MFS Blended Research Value Equity B | |||
| TCVAX | 19.76 | -0.24 | -1.20% |
| Touchstone Mid Cap Value A | |||
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 99% 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.