(RSPS) Invesco SP500 Equal Weight - Ratings and Ratios

The Invesco S&P 500 Equal Weight Consumer Staples ETF (RSPS) is designed to track the performance of the S&P 500 Equal Weight Consumer Staples Index, which includes companies classified under the consumer staples sector within the S&P 500. The fund typically invests at least 90% of its assets in the securities of the underlying index, ensuring high alignment with the indexs composition. By using an equal-weighting approach, RSPS differs from market-cap-weighted indices, potentially offering more balanced exposure to the sector.

Ticker Symbol: RSPS | Exchange: NYSE ARCA | Type: ETF | Country Origin: USA | ETF Category: Consumer Defensive

From a technical perspective, RSPS has shown a recent price of $30.66, with its 20-day moving average at $29.78 and 50-day at $29.82, indicating a slight upward trend in the short term. The 200-day moving average of $30.82 suggests the fund is currently trading below its long-term average. The Average True Range (ATR) of 0.37 reflects low volatility, while the 20-day average volume of 70,328 shares indicates moderate liquidity.

Fundamentally, RSPS manages assets under management (AUM) of $270.65 million, positioning it as a mid-sized ETF in its category. This level of AUM supports reasonable trading liquidity and operational efficiency while maintaining exposure to a diversified basket of consumer staples companies.

3-Month Forecast: Based on the technical and fundamental data, RSPS is expected to face resistance near its 200-day moving average of $30.82. Support levels are likely to hold around the 50-day moving average of $29.82. Volatility is anticipated to remain subdued, with price fluctuations bounded by the ATR of 0.37. Fundamentally, the consumer staples sectors defensive nature may provide stability, but the funds performance will closely track the broader markets movement and sector-specific developments.