Guggenheim S&P 500 Eq Wt Cons Stapl ETF Forecast and Stock Analysis
Technical RHS stock analysis for March 22, 2019.
|Shorts||1.43% ( 2013-01-15 )|
Guggenheim S&P 500 Eq Wt Cons Stapl ETF gained 0.06% in the last trading day, rising from $128.25 to $128.33 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 2.49% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 52 472 more shares were traded than the day before. In total, 78 016 shares bought and sold for approximately $10.01 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the RHS stock was $128.33. This is 0.06% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 0.87% from a day low at $127.96 to a day high of $129.07.
30 day high of the RHS stock price was $129.07 and low was $124.72.
90 day high was $129.07 and low was $111.19.
52 week high for the Guggenheim S&P 500 Eq Wt Cons Stapl ETF - $132.80 and low - $111.19.
Guggenheim S&P 500 Eq Wt Cons Stapl ETF lies in the lower part of a narrow and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $127.55 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.69% during the next 3 months and, with 90% probability hold a price between $141.19 and $146.53 at the end of this period.
Only positive signals in the chart today. Guggenheim S&P 500 Eq Wt Cons Stapl ETF holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $127.12 and $125.92. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Guggenheim S&P 500 Eq Wt Cons Stapl ETF finds support from accumulated volume at $126.89.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.11 (0.87%) between high and low. For the last week, the stock has had a daily average volatility of 1.03%.
Our recommended stoploss: $121.41 (-5.39%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.