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RGI
ETF ticker:
NYSE ARCA
AS OF
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Net Assets
361.01M

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

Category Industrials
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A.I.Advisor
a Summary for RGI with price predictions
08:00 PM EDT May 30, 2023

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 .

Price Prediction Chart

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)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are United Parcel Service (NYSE:UPS), Honeywell International (NASDAQ:HON), Boeing Company (NYSE:BA), Union Pacific Corp (NYSE:UNP), Lockheed Martin Corp (NYSE:LMT), General Electric Company (NYSE:GE), Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE), Illinois Tool Works (NYSE:ITW), Northrop Grumman Corp (NYSE:NOC).

Industry description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Equal Weight Industrials Index (the "underlying index"). 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® Industrials 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 industrials sector, as defined according to the Global Industry Classification Standard ("GICS").

Market Cap

The average market capitalization across the Invesco S&P 500® Equal Wt Indls ETF ETF is 41.76B. The market cap for tickers in the group ranges from 5.75B to 143.43B. UPS holds the highest valuation in this group at 143.43B. The lowest valued company is ALK at 5.75B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 500® Equal Wt Indls ETF ETF was 5%. For the same ETF, the average monthly price growth was 16%, and the average quarterly price growth was 100%. AAL experienced the highest price growth at 7%, while GNRC experienced the biggest fall at -6%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500® Equal Wt Indls ETF ETF was 61%. For the same stocks of the ETF, the average monthly volume growth was 63% and the average quarterly volume growth was 70%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 52
Price Growth Rating: 52
SMR Rating: 41
Profit Risk Rating: 35
Seasonality Score: 4 (-100 ... +100)
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A.I. Advisor
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 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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RGI
1D Price
Change %
RGI100%
-1.56%
VIS - RGI
99%
Closely correlated
-1.50%
XLI - RGI
99%
Closely correlated
-1.36%
FXR - RGI
98%
Closely correlated
-2.07%
IYJ - RGI
98%
Closely correlated
-1.16%
PPA - RGI
89%
Closely correlated
-0.84%
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