RSPT Invesco S&P 500® Equal Weight Tech ETF Forecast, Technical & Fundamental Analysis
RSPT saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for RSPT moved out of overbought territory on December 10, 2024. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 62 similar instances where the indicator exited the overbought zone. In of the 62 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 17, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on RSPT as a result. In of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for RSPT turned negative on December 11, 2024. 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 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RSPT 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
RSPT moved above its 50-day moving average on November 20, 2024 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 RSPT advanced for three days, in of 336 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 343 cases where RSPT Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
General Information
Category Technology
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| CCPCX | 14.40 | -0.04 | -0.28% |
| FS Chiron Capital Allocation C | |||
| RTIUX | 11.81 | -0.05 | -0.42% |
| Russell Inv Tax-Managed Intl Eq M | |||
| OSPAX | 9.23 | -0.04 | -0.43% |
| Invesco SteelPath MLP Alpha R6 | |||
| TSUMX | 13.15 | -0.06 | -0.45% |
| Thornburg Summit I | |||
| FWWMX | 65.80 | -0.51 | -0.77% |
| American Funds Washington Mutual 529-F-3 | |||
RSPT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, RSPT has been closely correlated with VGT. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if RSPT jumps, then VGT could also see price increases.
| Ticker / NAME | Correlation To RSPT | 1D Price Change % | ||
|---|---|---|---|---|
| RSPT | 100% | -0.82% | ||
| VGT - RSPT | 93% Closely correlated | -0.62% | ||
| SOXX - RSPT | 92% Closely correlated | -1.41% | ||
| XLK - RSPT | 90% Closely correlated | -0.60% | ||
| IYW - RSPT | 89% Closely correlated | -0.60% | ||
| SMH - RSPT | 89% Closely correlated | -1.30% | ||
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