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RSPG
ETF ticker: NASDAQ
AS OF
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Net Assets
604.99M

RSPG Invesco S&P 500 Equal Weight Energy ETF Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for RSPG with price predictions
07:00 PM EST Nov 26, 2023

RSPG in downward trend: 10-day moving average moved below 50-day moving average on October 31, 2023

The 10-day moving average for RSPG crossed bearishly below the 50-day moving average on October 31, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

RSPG moved below its 50-day moving average on November 03, 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 RSPG 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 RSPG entered a downward trend on November 27, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

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 59 cases where RSPG'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 November 21, 2023. You may want to consider a long position or call options on RSPG as a result. In of 88 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 RSPG just turned positive on November 21, 2023. Looking at past instances where RSPG's MACD turned positive, the stock continued to rise in of 41 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 RSPG advanced for three days, in of 333 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

Fundamental Analysis (Ratings)

Fear & Greed
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Exxon Mobil Corp (NYSE:XOM), Chevron Corp (NYSE:CVX), ConocoPhillips (NYSE:COP), Schlumberger Limited (NYSE:SLB), EOG Resources (NYSE:EOG), MARATHON PETROLEUM Corp (NYSE:MPC), Pioneer Natural Resource Co (NYSE:PXD), Occidental Petroleum Corp (NYSE:OXY), Phillips 66 (NYSE:PSX), Hess Corp (NYSE:HES).

Market Cap

The average market capitalization across the Invesco S&P 500 Equal Weight Energy ETF ETF is 70B. The market cap for tickers in the group ranges from 11.31B to 418.92B. XOM holds the highest valuation in this group at 418.92B. The lowest valued company is APA at 11.31B.

High and low price notable news

The average weekly price growth across all stocks in the Invesco S&P 500 Equal Weight Energy ETF ETF was -0%. For the same ETF, the average monthly price growth was -1%, and the average quarterly price growth was 17%. WMB experienced the highest price growth at 2%, while OXY experienced the biggest fall at -2%.

Volume

The average weekly volume growth across all stocks in the Invesco S&P 500 Equal Weight Energy ETF ETF was 4%. For the same stocks of the ETF, the average monthly volume growth was -25% and the average quarterly volume growth was -54%

Fundamental Analysis Ratings

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

Valuation Rating: 55
P/E Growth Rating: 47
Price Growth Rating: 47
SMR Rating: 41
Profit Risk Rating: 39
Seasonality Score: -10 (-100 ... +100)
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A.I. Advisor
published General Information

General Information

Category Unknown

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

Correlation & Price change

A.I.dvisor indicates that over the last year, RSPG has been closely correlated with VDE. These tickers have moved in lockstep 98% of the time. This A.I.-generated data suggests there is a high statistical probability that if RSPG jumps, then VDE could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To RSPG
1D Price
Change %
RSPG100%
-0.36%
VDE - RSPG
98%
Closely correlated
-0.48%
XLE - RSPG
98%
Closely correlated
-0.35%
XOP - RSPG
97%
Closely correlated
-0.86%
IXC - RSPG
96%
Closely correlated
-0.45%
OIH - RSPG
89%
Closely correlated
-0.67%