RSPD Invesco S&P 500 Equal Weight Consumer Discretionary ETF Forecast, Technical & Fundamental Analysis
RSPD in upward trend: 10-day moving average crossed above 50-day moving average on November 16, 2023
The 10-day moving average for RSPD crossed bullishly above the 50-day moving average on November 16, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 13 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 .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 03, 2023. You may want to consider a long position or call options on RSPD as a result. In of 82 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
RSPD moved above its 50-day moving average on November 14, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where RSPD advanced for three days, in of 357 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 330 cases where RSPD Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RSPD declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
RSPD broke above its upper Bollinger Band on December 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Notable companies
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 Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| ENSBX | 15.44 | N/A | N/A |
| Ensemble Fund | |||
| BGIFX | 12.22 | -0.04 | -0.34% |
| Baillie Gifford International Alpha 3 | |||
| WCMRX | 21.54 | -0.08 | -0.37% |
| WCM Focused International Growth Inv | |||
| CSUAX | 20.97 | -0.09 | -0.43% |
| Cohen & Steers Global Infrastructure A | |||
| MLXAX | 21.16 | -0.33 | -1.54% |
| Catalyst Energy Infrastructure A | |||
RSPD and
Correlation & Price change
A.I.dvisor tells us that RSPD and ITB have been poorly correlated (+15% of the time) for the last year. This A.I.-generated data suggests there is low statistical probability that RSPD and ITB's prices will move in lockstep.
| Ticker / NAME | Correlation To RSPD | 1D Price Change % | ||
|---|---|---|---|---|
| RSPD | 100% | -1.07% | ||
| ITB - RSPD | 15% Poorly correlated | -0.20% | ||
| FXD - RSPD | 15% Poorly correlated | -1.74% | ||
| FDIS - RSPD | 14% Poorly correlated | -0.15% | ||
| XHB - RSPD | 14% Poorly correlated | -0.49% | ||
| VCR - RSPD | 13% Poorly correlated | -0.18% | ||
More | ||||